April 2026 Newsletter – Key Super & Compliance Updates
As we move through the last quarter of 2026, we wanted to share a few important reminders and updates that may affect you and your super fund.
Action Items
1. Super Contribution Caps and Transfer Balance Cap Changes Confirmed
2. ATO Crackdown on Late Lodgements and GIC No Longer Deductible
3. Upcoming AML Changes Affecting Accountants and Client Engagements
4. Payday Super Changes from 1 July 2026
Super Contribution Caps and Transfer Balance Cap Changes Confirmed
From 1 July 2026, several key superannuation limits and caps will increase, providing additional opportunities for individuals to contribute more to super and move funds into retirement phase pensions.
| Limit and Caps | Current | From 1 July 2026 |
|---|---|---|
| Concessional Contribution Cap | $30,000 | $32,500 |
| Non-Concessional Contribution Cap (Tax Free) | $120,000 | $130,000 |
| Transfer Balance Cap | $2.0 million | $2.1 million |
If you are considering making additional contributions or reviewing your contribution strategy, feel free to contact us to discuss how these upcoming changes may affect you.
ATO Crackdown on Late Lodgements and GIC No Longer Deductible
The ATO has increased its focus on late lodgements and outstanding tax debts, including pursuing debts that may previously have been considered uneconomical to recover. As a result, all taxpayers, whether individual or an entity, may see increased follow-up activity from the ATO where returns remain outstanding.
In addition, from 1 July 2025, General Interest Charge (GIC) applied to late tax payments is no longer tax deductible. It is therefore more important than ever to ensure returns are lodged on time and any outstanding liabilities are addressed promptly. If you have any overdue lodgements or tax debts, please contact us so we can discuss available options.
Upcoming AML Changes Affecting Accountants and Client Engagements
New anti-money laundering (AML) and counter-terrorism financing (CTF) regulations will extend to accountants and other professional service providers from 1 July 2026. These changes will introduce significant additional compliance obligations and costs for accounting firms when providing certain services.
As a result, we may be required to collect additional information from you, verify identities, and perform further checks on certain transactions or engagements. While these requirements are designed to strengthen financial system integrity, they may mean that we need to request additional documentation or ask further questions when assisting you with certain matters. We appreciate your understanding as we implement these new regulatory requirements that may include increased costs as a result.
Payday Super Changes from 1 July 2026
From 1 July 2026, employers will be required to pay employees’ superannuation guarantee (SG) at the same time as they pay salary and wages, rather than the current quarterly payment requirement. This reform, commonly referred to as “Payday Super”, is intended to ensure employees receive their super contributions sooner and reduce the risk of unpaid super.
Under the new rules, super contributions will need to be processed each pay cycle, with the contributions generally required to reach the employee’s super fund within seven business days of payday. Employers should review their payroll systems and processes ahead of time to ensure they are prepared for these changes.
If you operate a business and employ staff, we recommend planning early to ensure your payroll and super payment processes are ready before the new rules commence.
If you have any questions in relation to the above, please do not hesitate to contact us.
Greenlight Super Team
T: 6273 1066
3/19 Marcus Clarke St, New Acton, ACT 2601
PO Box 3276 MANUKA ACT 2603
www.greenlightsuper.com.au
