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June EOFY E News

The Financial Year 2023-24 wrapped up with a volatile market ride. Global equities saw dips but recovered, with tech and healthcare leading the charge. The "Magnificent 5" (Nvidia, Microsoft, Alphabet, Amazon, Meta) fueled a major portion of the US market's return. While rising interest rates impacted bonds, higher yields are attracting investors. The unlisted space witnessed significant downturns, particularly in office and residential property markets, but Australia's property market remains surprisingly resilient. Stay tuned for our next newsletter where we'll dive deeper and offer strategies for the upcoming financial year.

Effective 1 July 2024, the Australian government introduced a series of adjustments impacting both individual taxpayers and businesses. Individuals can now benefit from reduced tax rates. The 19% tax bracket has been lowered to 16% for income between $18,201 and $45,000, and the 32.5% bracket has been reduced to 30%, applying to a broader income range up to $135,000. Additionally, the tax-free threshold has increased to $18,200 for the current financial year. 

For businesses, the most significant change is the rise in the National Minimum Wage by 3.75%, effective from 1 July 2024. Businesses may also experience adjustments in operational costs due to fluctuations in the Consumer Price Index (CPI), potentially affecting registration fees, utilities, and other expenses.

Australians with Self-Managed Super Funds (SMSFs) should be aware of contribution limit changes effective 1 July, 2024. Both concessional (taxed at 15% within the SMSF) and non-concessional contribution caps have increased. The concessional cap is now $30,000 annually for everyone, while the non-concessional cap is $120,000. Individuals under 75 may be eligible to contribute more in a single year using the "bring-forward" option, but exceeding contribution limits can incur a 47% tax penalty.

If you are looking to write off bad debts before 30 June 2024 (EOFY) you will need to qualify for a deduction, the debt must be genuine, deemed unlikely to be recovered (with supporting evidence), and previously included in your income. Formally document your decision to write off the debt, update your accounts, and keep records to support your claim to the ATO.

You can potentially reduce your tax bill before EOFY through strategic pre-payments. The ATO allows deductions for certain expenses paid upfront, provided the services are delivered within the current income year or the following year (up to 12 months). Examples include rent, insurance premiums, professional fees, and interest payments. Remember to keep documentation and consider the impact on cash flow. Maximising other tax-deductible expenses and salary sacrificing (if employed) are alternative strategies.

Employers, meanwhile, have crucial year-end obligations. Single Touch Payroll (STP) reporting of employee income and tax information is mandatory. By 14 July, employers must finalise payroll information and lodge a finalisation declaration through their STP software. This ensures employees receive accurate payment summaries (EPS) for their tax returns. 

Launching a new business? This free webinar on 24 July (10:00 am - 1:00 pm AEST) is your chance to learn the essentials from experienced business coach Geoff Silk. Gain a broad understanding of key startup areas, assess your business idea, navigate compliance, and discover the owner's role. Limited to 50 attendees across Sydney, register now to secure your spot and receive the Zoom link! This live event also offers resources and a recording for future reference. Don't miss out - take your business dream to the next level! (Click link below).

The Northern Rivers holds regular Community Events.  See what's on and keep up to date on all the fantastic opportunities available and help to support local.  There is plenty to do.

A reminder, there are some important lodgement dates to note this month.

Should you have any questions or require assistance with your tax planning, please don't hesitate to contact our team.

The WD Nicholls Team

As we wrap up the financial year 2023-24, it's essential to take stock of the investment landscape and its implications for our portfolios. This update will provide you with an in-depth analysis of the past year's market performance, discuss key economic factors, and offer strategies for navigating the upcoming financial year.

Overview of Market Performance

The past year has been marked by significant volatility across global markets, influenced by varying factors such as geopolitical tensions, changes in monetary policies, and the ongoing effects of global economic recovery.

Equities: Despite a rocky start, global equity markets have shown resilience, with sectors like technology and healthcare demonstrating strong rebounds. In 2023 Calendar year we witnessed the emergence of the Magnificent 7 (Nvidia, Microsoft, Alphabet, Amazon, Apple, Telsa and Meta).  Well in 2024 the Mag 7 has been cut to the Magnificent 5 (Nvidia, Microsoft, Alphabet, Amazon, and Meta).  These 5 stocks have generated approximately 60% of the US Sharemarkets return.  The market was also buoyed by the US Fed Reserve announcement in December that it has stopped with raising interest rates and the next move down.  The Question is when?

Bonds: The bond market has faced challenges with rising interest rates leading to lower bond prices. Yet, higher yields have started to attract more investors looking for income in a volatile equity environment.  The Bond market is still trying to agree on a US rate drop date and how many.  Though it is increasingly likely there will not be too much relief this year.  In Australia, the bond market is not anticipating any reductions this year.  In fact, if you listen to Judo Banks economist, Warren Hogan, he believes there might be 2 more rate increases this year!

Infrastructure and Property: In the unlisted space we have seen so many big detractions.  The office market is down anywhere from 10% to 20% in Australia.  Values fell even further in the US Office market.  China has witnessed residential property prices fall from 20% to 30%.  We have also seen reductions in Industrial values but this has not been as bad as the office market.  As it is well documented the Australian property market has been quite resilient and all eyes will be watching to see what happens in this space. 

Market returns for 2023/2024 (up to 26 June) are:

Looking forward for the next 12 months there are some questions that I will need to answer to understand what the above markets look like in 12 months:

  1. Recession or no recession?

  2. In Australia do rates still rise? When they fall by how much?

  3. Is the Magnificent 5/7 a bubble and can it be sustainable?  

Look forward to seeing/speaking to you in 2024/2025 financial year.

Key Australian Tax and Business Changes Effective 1 July 2024

As of 1 July 2024, the Australian government has implemented a range of tax and business-related adjustments. This update provides a concise overview of the most significant changes impacting both individual taxpayers and businesses.

For Individuals:

  • Reduced Tax Rates:

  • The 19% tax rate is now 16%, applicable to income between $18,201 and $45,000.

  • The 32.5% tax rate has been reduced to 30%, applying to a larger income range of $45,001 to $135,000.

  • Increased Thresholds:

  • The tax-free threshold has increased to $18,200 for the 2024-2025 financial year.

  • The threshold for the 37% tax rate has also increased to $135,000.

  • Superannuation Guarantee Rate Increase (For Employers): From July 1st, the minimum Superannuation Guarantee (SG) contribution rate for employers has increased to 11.5% (previously 11%). This means employers must contribute this percentage of an employee's eligible ordinary time earnings towards their superannuation.

For Businesses:

  • National Minimum Wage Increase: The National Minimum Wage has increased by 3.75% from July 1st.

  • Changes to Business Costs:

  • In line with the Consumer Price Index (CPI), there may be increases in business registration and company fees.

  • Consider potential changes in the cost of utilities and other operational expenses due to broader economic factors.

Other Potential Changes:

  • While not confirmed yet, there have been discussions about increasing the concessional (tax-deductible) superannuation contribution limit to $30,000 in future financial years.

Tax Rates for 2024-25

On 25 January 2024, the government announced changes to Individual income tax rates and thresholds from 1 July 2024. These changes are now law.

From 1 July 2024, the proposed tax cuts will:

  • reduce the 19 per cent tax rate to 16 per cent

  • reduce the 32.5 per cent tax rate to 30 per cent

  • increase the threshold above which the 37 per cent tax rate applies from $120,000 to $135,000

  • increase the threshold above which the 45 per cent tax rate applies from $180,000 to $190,000.

New individual tax rates and thresholds for 2024–25

This table compares the individual income tax rates and thresholds for 2023–24 with the new tax rates and thresholds for 2024–25.

How do income tax rates and thresholds work?

New individual income tax rates and thresholds will come into effect from 1 July 2024. If you are an Australian taxpayer, you are entitled to the tax-free threshold of $18,200. This means you can earn up to $18,200 each year without paying tax.

If you earn between $18,201 and $45,000:

  • your first $18,200 remains tax free, and

  • you will pay 16 cents tax on every dollar you earn between $18,201 and $45,000.

If you earn between $45,001 and $135,000:

  • your first $18,200 remains tax free, and

  • you will pay 16 cents tax on every dollar you earn between $18,201 and $45,000, plus

  • 30 cents tax on every dollar you earn between $45,001 and $135,000.

If you earn between $135,001 and $190,000:

  • your first $18,200 remains tax free, and

  • you will pay 16 cents tax on every dollar you earn between $18,201 and $45,000, plus

  • 30 cents tax on every dollar you earn between $45,001 and $135,000, plus

  • 37 cents tax on every dollar you earn between $135,001 and $190,000.

If you earn over $190,000:

  • your first $18,200 remains tax free; and

  • you will pay 16 cents tax on every dollar you earn between $18,201 and $45,000, plus

  • 30 cents tax on every dollar you earn between $45,001 and $135,000, plus

  • 37 cents tax on every dollar you earn between $135,001 and $190,000, plus

  • 45 cents tax on every dollar you earn above the $190,000 threshold.

Certain taxpayers, such as low-income taxpayers and senior Australians may also be eligible for tax offsets that directly reduce their final tax liability.

Source and credit:

As we approach the 30 June 2024 EOFY deadline, this update provides valuable strategies to optimise your financial position. This information is relevant for both individuals and businesses, equipping you with the knowledge to ensure a smooth transition into the new financial year.

Making contributions to SMSF's

A member whose total contributions exceed the contribution caps in a year may be liable for additional tax on the excess contributions. Contribution caps are indexed annually.

There are minimum standards for accepting contributions into your SMSF and the trust deed of your fund may have more rules.

See more about what is included in member contributions and meeting the work test.

Concessional contributions

Concessional contributions are contributions made into your SMSF that are included in the SMSF's assessable income. These contributions are taxed in your SMSF at a ‘concessional’ rate of 15%, which is often referred to as ‘contributions tax’.

The most common types of concessional contributions are employer contributions, such as super guarantee and salary sacrifice contributions. Concessional contributions also include personal contributions made by the member for which the member claims an income tax deduction.

Concessional contributions are subject to a yearly cap:

  • From 1 July 2024, the general concessional contributions cap is $30,000 for all individuals regardless of age.

Non-concessional contributions

Generally, non-concessional contributions are contributions made into your SMSF that are not included in the SMSF's assessable income.

Non-concessional contributions include:

  • personal contributions made by the member for which no income tax deduction is claimed - this is the most common type of non-concessional contribution.

  • excess concessional contributions for the financial year which the member does not elect to remove from the superfund after the ATO send's them an excess contributions determination will also count towards your member’s non-concessional contributions cap.

Non-concessional contributions do not include:

  • super co-contributions.

  • structured settlements.

  • orders for personal injury or capital gains tax (CGT) related payments that the member has validly elected to exclude from their non-concessional contributions.

  • re-contribution of COVID-19 early release superannuation amounts made between 1 July 2021 and 30 June 2030. Individuals can re-contribute amounts they withdrew under the COVID-19 early release of the super program without them counting towards their non-concessional contributions cap.

If a member’s non-concessional contributions exceed the cap, a tax of 47% is levied on the excess contributions. Individual members are personally liable for this tax and must have their super fund release an amount of money equal to the tax.

From 1 July 2024

From 1 July 2024, the non-concessional contributions cap is $120,000. Members under 75 years of age may be able to make non-concessional contributions of up to 3 times the annual non-concessional contributions cap in a single year.

If eligible, when you make contributions greater than the annual cap, you automatically gain access to future year caps. This is known as the ‘bring-forward’ option.

Bring-forward arrangements

From the 2022–23 financial year members who are under 75 may be able to access a bring-forward arrangement as outlined in the table below.

Table: contribution and bring-forward available to members under 75 from 1 July 2024:

Writing off Bad Debts before EOFY

Here's how to write off bad debts before the end of the financial year (EOFY);

Conditions for Claiming a Bad Debt Deduction:

There are four (4) key conditions you need to meet to claim a bad debt deduction:

  1. Debt Existence: A genuine debt must exist, meaning you provided goods or services and haven't been paid.

  2. Bad Debt Status: The debt must be considered "bad." This means you have little to no chance of recovering the money. Evidence like overdue payments, failed recovery attempts, or bankruptcy of the debtor can help demonstrate this.

  3. Debt Included in Income: The debt must have been included in your assessable income in the current or a previous financial year. This could be through an invoice or receipt.

  4. Written Off During the Year: The debt needs to be formally written off as bad during the income year you claim the deduction.

Writing Off the Debt:

  1. Documentation: Write down your decision to write off the debt. This could be a formal letter or a clear record within your accounting system.

  2. Removal from Accounts: Remove the debt amount from your accounts receivable.

Evidence for the ATO:

  • Maintain documentation supporting the debt's existence (invoices, contracts).

  • Keep records of attempts to recover the debt (demand letters, communication).

  • Document the date you wrote off the debt and the justification for doing so.

Additional Considerations:

  • Continuity of Ownership: If you're a company, ensure you meet the "continuity of ownership test" to claim the deduction.

  • Recovery of Bad Debt: If you recover a previously written-off debt in a future year, you must report it as income in that year.

  • Non-Monetary Debts: Generally, bad debt deductions only apply to debts involving money.

  • Seek Professional Advice: For complex situations or large amounts, contact one of our professional team to ensure proper procedures are followed and maximise your tax benefits.


Write off bad debts before the end of the financial year to claim them as a deduction on your tax return. Gather proper documentation to support your claim. Consider consulting a professional for complex situations.

Prepaid Expenses

The Australian Taxation Office (ATO) allows claiming deductions for certain pre-paid expenses in the income year you incur them, potentially reducing your tax bill for EOFY 2024 (ending 30 June 30, 2024). Here's a summary of key points:

Eligible Pre-payments for EOFY 2024:

  • Expenses related to services provided in the current income year (up to 30 June, 2024):

  • Rent payments for a portion of the remaining financial year (1 July 2024 onwards).

  • Insurance premiums that cover a period extending into the next financial year.

  • Professional fees (accounting, legal, etc.) for services to be rendered partially or fully before 30 June, 2024.

  • Interest payments on a loan that accrues within the current income year.

Important Considerations:

  • 12-month rule: For pre-payments covering services exceeding 12 months, the deduction is generally spread over the service period or 10 years (whichever is less). This doesn't apply if the service period ends within the next income year (July 2024 - June 2025).

  • Documentation: Always keep receipts, invoices, or agreements clearly outlining the pre-payment details and the service period it covers.

  • Cash Flow Impact: While pre-payments can reduce your tax liability, they can also impact your short-term cash flow. Evaluate your financial situation before making significant pre-payments.

Alternatives to Pre-payments:

  • Maximise tax-deductible expenses: Explore all legitimate tax-deductible expenses you can claim throughout the year to minimise your tax bill.

  • Salary Sacrificing (if employed): Increase your superannuation contributions by sacrificing a portion of your pre-tax salary, further reducing your taxable income.


Fulfilling Your Payroll Obligations at Year-End (ATO Resources)

As the financial year draws to a close, employers have crucial payroll obligations to meet. Here's a breakdown of key requirements and resources from the Australian Taxation Office (ATO) to ensure a smooth year-end finalisation by the 14th July deadline:

Single Touch Payroll (STP):

  • Reporting: Since 1 July, 2018, all employers in Australia are mandated to use Single Touch Payroll (STP) for reporting employee income and tax information to the ATO. This includes salaries, wages, allowances, pensions, and fringe benefits.

  • Finalisation Declaration: By 14 July, you must lodge a finalisation declaration through your STP-enabled payroll software. This declaration confirms the accuracy of the payroll information reported throughout the year and finalises employee payment summaries for tax purposes. The ATO emphasises the importance of finalising on time to avoid potential penalties and ensure employees can access their income statements for tax returns.


Employee Payment Summaries (EPS):

  • Once finalised through STP, your employees can access their payment summaries (previously called group certificates) electronically through their myGov accounts. These summaries detail their income and tax withheld throughout the year, crucial for filing their tax returns.

  • Paper Copies: If an employee requests a paper copy of their EPS, it's your responsibility to provide it.


Additional Considerations:

  • Superannuation Guarantee (SG): Ensure all eligible employee superannuation contributions are paid before the due date relevant to your payment cycle.

  • Leave and Entitlements: Address any outstanding employee leave entitlements (annual leave, sick leave, etc.) before the new financial year begins.

  • Tax Withholding Rates: Be prepared to adjust tax withholding rates for the new financial year, considering any changes to tax brackets or employee circumstances.

Source and credit:

FREE WEBINAR Wednesday, 24 July 10:00 AM - 1:00 PM AEST




24 July 2024, 10:00 am - 1:00 pm AEST.

The presenter

Geoff Silk - Geoff Silk is a businessman and coach who provides business advice based on many years of experience working with new, developing and established businesses. He interacts diligently with business owners selling products and/or services, to achieve their aspirations and goals. His pragmatic approach has helped hundreds of businesses to flourish and perform successfully. Geoff is also a facilliator of a Realise Business Mastermind group.


Get your business off the ground at speed. Do you have a business idea but are unsure where to start? Let's make this year your year for new business success.

Whether you are in the process of starting a new venture or simply have an idea and don’t know what to do next, this workshop is sure to provide you with everything you need to know to setup your new business and hit the ground running. Our expert Business Advisor will be able to assist you in understanding and actioning all the fundamentals to starting your business.

No matter what type of business you are thinking about, this content-rich workshop gives you the essential information to help you start your business. Our presenter will give you tips and knowledge to enable you to build your business on a solid base. You’ll learn about what it takes to start, run and grow your business and how to make an informed decision about whether owning a business is right for you.

Learning Outcomes

  • Gain a wide-ranging view of the key areas you will need to start and manage a business and ensure successful outcomes.

  • Undertake a feasibility check on your business idea.

  • Gain an understanding of your business compliance responsibilities.

  • Become aware of the roles of a business owner.

Who is this for?

  • This webinar is aimed at small businesses throughout Sydney, and has a capacity to host up to 50 people.

  • This webinar is for business owners who have just started a business or have an established business.

  • This webinar will take place on Zoom, click below to register. You will receive the Zoom link in an email prior to the workshop. This will be a live online event.

  • Those who attend will receive a copy of available resources and the recording.

This event will be delivered by Realise Business, an approved independent provider for Service NSW Business Connect.

To register your interest click the link below.

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We always like to support our locals!  Here are some community events happening this month (in date order).

Australian Government Mobile Service Centre dates are Thursday 4 July - Friday 5 July | 9:00 AM - 4:00 PM:

Visit the centre to find out more about Australian Government services and payments for:

  • rural families

  • older Australians

  • students

  • job seekers

  • people with disability

  • carers

  • farmers 

  • self-employed people

  • veterans and their families

The mobile centre will be available on the following dates and venues;

  • Thursday, 4 July 9:00 AM - 4:00 PM - Heritage House Museum car park in Ashton St Bangalow

  • Friday, 5 July 9:00 AM - 4:00 PM - Station Street near the library, Station Street, Mullumbimby

For more information go to the Services Australia website.

Regional Disability Expo with bonus Seniors Expo Byron Bay date is Friday, 4 July 2024 | 9:00 AM to 3:00 PM

The Regional Disability Expo is a great experience for anyone who’s life may have been affected by someone living with a disability and/or the age care sector.

Join the RDE-Regional Disability with bonus Seniors Expo for a day filled with inspiration, information, and empowerment.

This in-person event brings together a diverse community of individuals, families, and organisations dedicated to supporting people with disabilities and the aged care sector.

Discover the latest innovations in assistive technology, explore service providers, and connect with like-minded individuals.

Learn about accessible recreation options, employment opportunities, and resources to enhance your well-being.

Whether you're a person with a disability, a caregiver, or a professional in the field, the RDE-Regional Disability with bonus Seniors Expo is the place to be.

Come and be part of a welcoming and inclusive environment where you can gain knowledge, make connections, and celebrate the abilities of all individuals.

Location: Cavanbah Centre, 249 Ewingsdale Road, Byron Bay

Brunswick Heads Market date is Saturday, 6 July 2024 | 7:00 AM to 2:00 PM

Immerse yourself in the charm of Brunswick Heads, a delightful beachside town 15 minutes north of Byron Bay.  Every first Saturday of the month, Memorial Park comes alive with artisan stalls selling everything from clothing and plants to delicious hot food, local produce, and unique handcrafted items. With free parking and everything within walking distance, exploring the markets is just the beginning.

Location:  Memorial Park, 11 Fawcett Street, Brunswick Heads

Farmers Feast next date is Saturday, 6 July 2024 | 9:00 AM to 2:30 PM

Farmers Feast is an event for local farmers, aspiring farmers and landholders to come together to connect, share, learn and eat good food.

The event will showcase the amazing work being done by local producers. But it will also be an opportunity for landholders with an interest in producing food or hosting a farmer in some faculty to see what is possible, to be inspired and to make game changing connections.

The theme of the day will be along the lines of “The future is in our dirty Hands” to celebrate those doing and inspire those who are thinking.

A great lineup of local farmers will be sharing their stories, and the ‘unconference’ style event program will allow you to connect with others on shared topics of interest on the day.

To book your ticket visit the link here.

Location: Moller Pavilion, Bangalow Showground, Market Street, Bangalow

Byron Bay Community Market next date is Sunday, 7 July 2024 | 8:00 AM to 3:00 PM

The Byron Bay Community Market hosts an eclectic collection of market stalls that showcase what Byron has to offer.

The market is held from 8:00 am to 3:00 pm on the 1st Sunday of every month.

Road closures and traffic changes on market day:

  • Jonson Street is closed to traffic at the corner of Byron and Marvel Streets from 5am to 5pm.

  • Traffic is diverted via Fletcher Street.

  • The Lawson Street South carpark is closed from 5am to 5pm.

  • There may be traffic delays are on Lawson Street between the Shirley Street and Jonson Street roundabouts between 6am to 8am and 3pm to 5.30pm.

  • The railway carpark is open under traffic control via the laneway on Jonson Street.

  • Traffic controllers will be in place on market day. 

Location: Byron Bay CBD, Railway Park, Jonson Street, Byron Bay

Friends of Libraries, Byron Shire 10th Annual Book Fair dates are Friday, 12 July  - Monday 15 July 2024 | 9:00 AM to 4:00 PM

Come along to the Friends of Libraries, Byron Shire 10th Annual Book Fair!

This four-day event will take place at the Byron Bay Surf Club.

  • Books are sorted into categories.

  • Bring Boxes!

  • $3 for Adult books, $1 for children!

  • With specially priced books, including an "antiquarian" collection" - finding new homes for old books.

Location: Byron Bay Surf Club, Bay Street, Byron Bay

Building beautiful bridges FREE WORKSHOP for 14 to 24 year olds date is, Saturday, 13 July 2024 | 10:00 AM to 1:00 PM

Join The Joyality Collective and their youth leaders for a practical and fun morning learning skills to have your voice heard and be able to support your friends when they are going through hard times. 

We will spend the morning in the Bruns Community Centre clarifying and polishing your personal communication styles with other young people from the Byron Shire.

  • Learn how to communicate with a diverse range of people and have your voice heard.

  • Time to craft courageous conversation to support young people

  • Practice active listening, deep listening and accidental counselling skills.

Location: Brunswick Heads Community Centre, 42 South Beach Rd, Brunswick Heads

Service NSW Mobile Service dates are Saturday 16 July - Monday 18 July 2024 | 9:00 AM to 3:00 PM

Service NSW Mobile Service Centre visits our community to personally deliver access to essential NSW Government services, including:

  • Driver licence, photo card applications and renewals

  • Driver Knowledge Tests

  • Working With Children Check applications

  • Applying for birth, death and marriage certificates

  • Cost of Living service to access more than 40 government rebates and savings.

Service NSW Mobile Service Centres are fitted with a ramp for easier access for all members of the community.

Check the timetable and find out what you need to bring by visiting Mobile Service Centres.

Please check the website on the day for final confirmation of the Mobile Service Centre arrival or call 13 77 88.

Date and Locations: Tuesday, 16 July - Ocean Shores Country Club - Car park, 113A Orana Road, Ocean Shores

Wednesday, 17 July -  Byron Shire Council, 70 Station Street, Mullumbimby

Thursday, 18 July - Byron Bay RSL Club (Car park), 132 Jonson Street, Byron Bay

Mullumbimby Community Market next date is Saturday, 20 July 2024 | 8:00 AM to 2:00 PM

The Mullumbimby Community Market is held on the third Saturday of each month from 8:00 am to 2:00 pm.

Location: Corner of Stuarts and Myocum Streets, Mullumbimby

Candidate Briefing Sessions dates are Monday 22 July -Tuesday 23 July 2024 | 6:00 PM to 9:00 PM

In partnership with Ballina Shire Council, we will provide the following briefing sessions for prospective candidates to gain a better understanding of the role of Councillor.

To attend one of these sessions, please register your interest using the online form.

This is not a register for candidacy.

  • Monday 22 July 2024, 6pm to 9pm: Ballina Indoor Sports Centre, Meeting Rooms 63 Cherry St, Ballina NSW 2478

  • Tuesday 23 July 2024, 6pm to 9pm: Byron Shire Council Chambers, 70 Station Street, Mullumbimby NSW 2482

Council ordinary meeting next date is Thursday, 1 August 2024 | 11:00 AM to 6:00 PM

Council meetings are held in the Chambers. 

Go to How to join the meeting for ways you can participate in the meeting. 

A livestream is available to watch online. 

Questions about the meeting?

Location: Council Chambers, 70 Station Street, Mullumbimby

Source and credit:

If you wish to arrange a telephone appointment or zoom meeting with one of our team please contact our office either by telephone or email.

Key lodgment and payment dates for business

7 July

Employee share scheme (ESS)

  • ESS statements to be sent to employees.

14 July

Single Touch Payroll (STP) finalisation

  • End of year finalisation declaration through STP due.

  • PAYG withholdingPayers must issue PAYG withholding payment summaries to payees (that is, employees and other workers) for payments not reported through STP.

21 July

Activity statements

  • Quarter 4 (April–June) PAYG instalment activity statement for head companies of consolidated groups – final date for lodgment and payment.June monthly activity statements – final date for lodgment and payment.

Finalising all your PAYG instalments before you lodge your tax return will ensure you receive the correct amount of credit in your income tax assessment.

28 July

Activity statements

  • Quarter 4 (April–June) activity statements – final date for lodgment and payment.

Finalising all your PAYG instalments before you lodge your tax return will ensure you receive the correct amount of credit in your income tax assessment.

PAYG instalments

  • Quarter 4 (April–June) instalment notices (forms R and T) – final date for payment and, if varying the instalment amount, lodgment.

Finalising all your PAYG instalments before you lodge your tax return will ensure you receive the correct amount of credit in your income tax assessment.

GST instalments

  • Quarter 4 (April–June) instalment notices (forms SA and T) – final date for payment and, if varying the instalment amount, lodgment.


  • Due date for payment of super guarantee (SG) contributions for quarter 4 (1 April – 30 June) in the previous financial year.

  • SG contributions are to be received by the superfund by this date. You need to allow sufficient time for SG payments to reach and be processed by your super fund, especially if using a SG clearing house.

  • If you don't pay the SG contributions for quarter 4 in full and by this date, you must pay the super guarantee charge (SGC) and lodge a Superannuation guarantee charge (SGC) statement to us by 28 August.It's important to note, SGC is more than the SG you would have normally paid and is not tax deductible.

31 July

TFN reportQuarter 4 (April–June) TFN report for closely held trusts for TFNs quoted to a trustee by beneficiaries – final date for lodgment.

Foreign Account Tax Compliance Act (FATCA) ReportThe reporting period for the FATCA is 1 January to 31 December. The due date for the report is 31 July the following year.

Common Reporting Standard (CRS) ReportReports from Australian RFIs include data from January to December and are due annually, by 31 July in the following year.


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