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ATO Data Matching Protocols - Do you have a Lifestyle Asset? We want to bring your attention to the Lifestyle Assets data matching protocol launched at the end of August 2024 by the Australian Taxation Office (ATO).  If you purchase a lifestyle asset worth $65,000 or more and insure it with your insurance company, the insurance company is now obligated to report this data to the ATO.
The reason the ATO are using this data-matching protocol is to improve the compliance risk profiling of taxpayers and provide a holistic view of their assets and accumulated wealth.
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‘Payday super’ will overhaul the way in which superannuation guarantee is administered. We look at the first details and the impending obligations on employers. From 1 July 2026, employers will be obligated to pay superannuation guarantee (SG) on behalf of their employees on the same day as salary and wages instead of the current quarterly payment sequence.
The Tax Consequences of Inheriting Assets Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries. When assets pass from a deceased individual to a beneficiary of the estate, the tax impact will generally depend on the nature of the asset and the tax characteristics of the beneficiary, such as their residency status.
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AuthorHansens is a team of accounting professionals that love what we do. The observations and opinions in the articles written here, aim to challenge, inspire and provoke change into making your business better! Archives
November 2025
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