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.
1
SA-specific obligations
40
Federal obligations
SA-specific
Federal
Comply with SIS Act trustee covenants
Super fund trustees owe statutory covenants of care, skill, diligence, best financial interests, and prudent investment.
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.
Maintain SMSF compliance with the sole purpose test (s 62)
SMSFs must be maintained for the sole purpose of providing retirement benefits.
Withhold PAYG from employee and contractor payments
Employers must withhold tax from wages, certain contractor payments + report via STP / BAS.
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.
Apply for and maintain an Australian Business Number
Entities carrying on an enterprise in Australia must have an ABN to operate (or face PAYG withholding at 47%).
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.
Lodge Business Activity Statements at assigned frequency
GST-registered entities must lodge a BAS monthly, quarterly or annually as the ATO assigns.
Annual YFYS performance test (MySuper + Choice)
APRA annual performance test for MySuper products + (from 2024) Trustee Directed Products.
TASA Code Determinations from 1 August 2024
Tax practitioner code reformed via Code Determinations — false + misleading statements + supervision + breach reporting.
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.
Stronger Member Outcomes — APRA SPS 515
RSE licensees must annually assess member-outcomes performance + take action.
DGR annual self-review (from 1 July 2024)
ACNC-registered DGRs must complete annual self-review.
Crypto Asset Secondary Service Provider (CASSPr) licensing reforms
Treasury consultation 2024 on bespoke crypto licensing — separate from AFSL.
Thin capitalisation rules (Div 820 ITAA 1997)
Limits debt deductions for thinly-capitalised entities, reformed from 1 July 2023.
Report under Single Touch Payroll Phase 2
Disaggregated payroll reporting to the ATO via STP-enabled software.
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).
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.
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.
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).
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.
Register R&D activities for the R&D Tax Incentive
Companies must register R&D activities with AusIndustry within 10 months of the end of the income year.
Comply with SPS 530 (Investment Governance) for APRA-regulated super funds
RSE licensees must have a documented investment governance framework.
Process super contributions and rollovers via SuperStream
All super contributions and rollovers must use SuperStream-compliant data + payment standards.
Maintain transfer pricing documentation (Subdivision 815-D)
Multinational groups must keep contemporaneous transfer pricing documentation per Subdivision 815-D ITAA 1997.
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.
Stablecoin payments licensing — Treasury reforms (in scoping)
Treasury reforms scoping payment stablecoin licensing under PSP regime.