Tax & payroll in South Australia
ATO obligations across income tax, GST, FBT, payroll tax (state-by-state), Single Touch Payroll Phase 2, Payday Super, CARF crypto reporting, and tax practitioner regulation.
2
SA-specific obligations
38
Federal obligations
SA-specific
Federal
Lodge an annual SMSF audit before lodging the SMSF Annual Return
Self-managed super funds must be audited by an ASIC-registered auditor each year.
Make trustee resolutions for trust distributions by 30 June
Discretionary trust trustees must validly resolve to distribute trust income before the end of the FY.
TASA Code Determinations from 1 August 2024
Tax practitioner code reformed via Code Determinations — false + misleading statements + supervision + breach reporting.
Pay superannuation on every payday (Payday Super)
From 1 July 2026, super must reach the employee's fund within 7 business days of each payday.
Stronger Member Outcomes — APRA SPS 515
RSE licensees must annually assess member-outcomes performance + take action.
Comply with SIS Act trustee covenants
Super fund trustees owe statutory covenants of care, skill, diligence, best financial interests, and prudent investment.
Withhold PAYG from employee and contractor payments
Employers must withhold tax from wages, certain contractor payments + report via STP / BAS.
Annual YFYS performance test (MySuper + Choice)
APRA annual performance test for MySuper products + (from 2024) Trustee Directed Products.
Australian Business Number (ABN) application
Entities carrying on an enterprise in Australia need an ABN — without one, payers must withhold 47% PAYG from your payments. How to apply and who's eligible.
Pay company PAYG/GST/SG or face Director Penalty Notice (DPN)
Directors personally liable for unpaid company PAYG, GST + SG via DPN regime.
Comply with the TASA Code of Professional Conduct
Tax practitioners must observe honesty, competence, confidentiality, PI insurance, and (from 2025) expanded breach reporting.
Maintain SMSF compliance with the sole purpose test (s 62)
SMSFs must be maintained for the sole purpose of providing retirement benefits.
Lodge Business Activity Statements at assigned frequency
GST-registered entities must lodge a BAS monthly, quarterly or annually as the ATO assigns.
Report under Single Touch Payroll Phase 2
Disaggregated payroll reporting to the ATO via STP-enabled software.
Lodge an FBT return and pay FBT by 21 May
Employers who provided fringe benefits in the FBT year (1 April – 31 March) must lodge by 21 May.
Register for GST when GST turnover meets the threshold
Register within 21 days when GST turnover reaches $75K (or $150K for NFPs, or any amount for ride-share/taxis).
Maintain transfer pricing documentation (Subdivision 815-D)
Multinational groups must keep contemporaneous transfer pricing documentation per Subdivision 815-D ITAA 1997.
MySuper authorisation for default super products
Default super contributions can only flow to APRA-authorised MySuper products.
Apply for a Tax File Number for new entities and partnerships
Companies, trusts and partnerships need a TFN to file tax returns and claim TFN exemptions.
Thin capitalisation rules (Div 820 ITAA 1997)
Limits debt deductions for thinly-capitalised entities, reformed from 1 July 2023.
Crypto Asset Secondary Service Provider (CASSPr) licensing reforms
Treasury consultation 2024 on bespoke crypto licensing — separate from AFSL.
Crypto Asset Platform licensing (Treasury reforms 2024-2025)
Treasury scoping CASP regime for digital asset platforms.
Process super contributions and rollovers via SuperStream
All super contributions and rollovers must be sent using the SuperStream data and payment standards.
Maintain TPB registration (tax/BAS agents)
Tax agents and BAS agents must be registered with the TPB and comply with the Code of Professional Conduct.
Lodge Country-by-Country Report (CbC) for significant global entities
Multinationals with global income >EUR 750M must lodge CbC Report annually.
Wine Equalisation Tax (WET) for producers + wholesalers
WET at 29% on wine wholesale value; rebate scheme up to $350K per producer.
Comply with SPS 530 (Investment Governance) for APRA-regulated super funds
RSE licensees must have a documented investment governance framework.
Stablecoin payments licensing — Treasury reforms (in scoping)
Treasury reforms scoping payment stablecoin licensing under PSP regime.
Petroleum Resource Rent Tax (PRRT)
40% PRRT on offshore + onshore (Bass Strait only) petroleum project profits.
Crypto-Asset Reporting Framework (CARF) — implementation 2026-2027
AU adopts the OECD CARF for crypto reporting; reporting expected from 2027, first international exchange ~2028 (per Dec 2025 MYEFO).