Treasurer Jim Chalmers has handed down the Albanese Government’s fifth Budget. While this Federal Budget has been characterised as ambitious by the Federal Government, it does raise questions regarding the underlying benefits of the reform. While fundamental changes to the tax system are forecasted to significantly raise revenue, average Australians are unlikely to feel tangible benefits.

The Treasury Laws Amendment (Payday Superannuation) Bill 2025 and the Superannuation Guarantee Charge Amendment Bill 2025 (collectively hereafter referred to as “the Bills”) received Royal Assent on November 6, 2025.

Australia’s shift to Payday Super on 1 July 2026 marks a major change to how employers manage superannuation.

Explore A&M‘s analysis of latest developments in private equity taxation in Australia and discover what steps professionals can take to navigate these issues.