AML/CTF Frequently Asked Questions
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws have changed, bringing accountants and a range of other professional service providers into the AML/CTF process from 1 July 2026. For Colledges clients, this may mean some additional questions, identity checks and requests for documentation when we provide certain services. We understand you may have questions about […]
Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF): What the New Laws Mean for You
From 1 July 2026, significant changes are coming that will affect how accountants, lawyers, and real estate professionals work with their clients. Up until now, these obligations have largely sat with banks and financial institutions. But under the expansion of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, often referred to as Tranche 2 reforms, […]
Federal Budget: 2026-2027 Report
May 2026 Newsletter Here is a summary of the 2026–27 Federal Budget, handed down on 12 May. The Budget contains a substantial package of tax changes affecting individuals, investors, businesses and trusts. The key points are summarised below, with full detail in the attached document. Key points at a glance: CGT discount replaced — from 1 […]
Budget Musings: Changes to Negative Gearing, the CGT Discount on the Cards
May 2026 Newsletter Welcome to the May edition of our client newsletter. This month, we’ve compiled a selection of timely and practical insights across tax, superannuation and financial planning — helping you stay informed, confident, and in control of your financial decisions.In this edition: Federal Budget insights:Potential changes to negative gearing and the CGT discount, […]
Div 296 Tax Is Now Law – What it Means for Your Super
April 2026 Newsletter Welcome to the April edition of our client newsletter. This month, we’ve compiled a selection of timely and practical insights across tax, superannuation and financial planning — helping you stay informed, confident, and in control of your financial decisions.In this edition: 1. Division 296 tax is now law: what it means for […]
Get Control of Your Tax Obligations So You Can Sleep Better at Night
For many small business owners, tax is not the hardest part of running a business, but it is often the most stressful. GST, PAYG and income tax can quietly build up in the background, especially when cashflow feels tight and there is always something more urgent to pay. If you have ever avoided opening a […]
Change to the Tax Treatment of Holiday Homes
February 2026 Newsletter Welcome to the February edition of our client newsletter. This month, we’ve curated a selection of timely and practical articles covering important developments in tax, superannuation, and financial planning – all designed to help you stay informed, confident, and in control of your financial affairs.In this edition:Changes to the tax treatment of […]
Debt on Hold: What It Means for You and How Colledges Can Help
When debt on hold came about The Australian Taxation Office (ATO) has had the concept of Debt on Hold for many years, but from 1 August 2025, the ATO announced it would begin including these debts in account balances. Many taxpayers weren’t aware of their “on hold” debts because they weren’t shown in their online […]
Vacant residential land tax (VRLT) for Victorian homes from 1 January, 2025
The Victorian Government introduced vacant residential land tax (VRLT) on 1 January 2018 and the VRLT is assessed each calendar year. Please read on for important changes from 1 January 2025. Prior to 1 January 2025, VRLT applied only to vacant residential land in inner and middle Melbourne. From 1 January 2025, VRLT will expand […]
Are you tax-time ready in 2023?
Whether you’re getting organised for an individual tax return or a business tax return, the more preparation you do before heading in for an appointment with your accountant, the more time you’ll save and ultimately the better your tax return will be. Tax returns require you to have a handle on two essential things: money […]