All of the latest tax news, views and clues for August 2026.
This Alert addresses:
- Are your financial goals still realistic? – Even if you decide your goals don’t need to change, revisiting them means a chance to confirm whether your current financial arrangements are still working in the right direction.
- Take care when claiming occupancy expenses for work from home – The ATO’s found that some taxpayers are incorrectly claiming rent, mortgage interest and other occupancy costs as part of their working from home expenses.
- ASIC report suggests it’s time to check on your mortgage offset account – ASIC’s review of eight major lenders has identified weaknesses in how offset accounts are opened, linked, monitored and managed.
- Paid parental leave super contributions have started – Eligible parents who received government-funded parental leave pay for a child born or adopted from 1 July 2025 will now begin receiving their government-funded super payments.
- Division 296 tax on large super balances – From 2026–2027, Divison 296 tax applies to you if you have a large total superannuation balance.
Important: This is not advice. Clients should not act solely on the basis of the material contained in this Tax Alert. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. The Tax Alert is issued as a helpful guide to clients and for their private information. Articles in the Tax Alert are not to be republished or reproduced for further distribution without requesting permission from HLB Mann Judd. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.