Superannuation is not like other assets as it is held in trust by the trustee of the superannuation fund. When you die, it does not automatically form part of your estate but instead, is paid to your eligible beneficiaries by the fund trustee according to the rules of fund, superannuation law, and the death nomination you made.

Employers have an extra step to take if you have new employees who start from 1 November 2021 and they don't choose a super fund.

MYOB AccountRight Payroll and Essential users, you may be aware that on 1 July 2021 the superannuation guarantee contribution rate increased from 9.5% to 10%. This is the minimum super amount you must pay all eligible employees from 1 July onwards.

The Federal Government has legislated an 0.5% increase to the Compulsory Super Guarantee from 1st July 2021, with further increases over the next five years. The blog is a guide to help our clients/employers understand the impact of these changes to employee remuneration.

If you usually receive a paper PAYG Instalment Statement or BAS and you have not received it for March or June 2021 quarters, please contact our office.

We commonly see situations with delayed payments or disputes over quality, occasionally money is lost through the buyer going into liquidation.Often in delayed payments, the buyer has the ability to pay, they just do not want to incur extra cost (bank fees, interest, overdraft extensions etc.) to make it happen, and instead they use you as their overdraft.

The Australian Government has introduced personal income tax cuts that apply from 1 July 2020.

The Federal Budget has announced additional spending on the back of initiatives that have already been implemented by the Government during the year as a result of the economic impact of COVID-19.

On July 1st, Megan Inverarity became Murray Nankivell's newest Director. We asked her to share how she got there.

In an industry with constant price changes and minimal ability to negotiate, it is important for farmers to be aware of costs they can control to ensure their farms are profitable.

Murray Nankivell have recently transitioned to a new corporate compliance software provider called NowInfinity . As a result of this, the way we send you documents regarding your company's dealings with ASIC, has changed.

Robyn is finishing up with Murray Nankivell at Christmas. Robyn has been absolutely fantastic to work with and was a key figure in the success of the merger between Mencel Business Services and Murray Nankivell. She has been instrumental in the transfer of knowledge to get the Murray Nankivell team working seamlessly alongside all our new clients.