Budget 2026-27: 50% CGT discount replaced with indexation from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: 30% minimum tax on capital gains from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: Negative gearing limited to new residential builds from 1 July 2027 💰 Treasury May 2026 • Budget 2026-27: Negative gearing losses on established properties quarantined to residential property income only 💰 Treasury May 2026 • Budget 2026-27: Existing properties held before 12 May 2026 grandfathered – negative gearing unchanged 💰 Treasury May 2026 • Budget 2026-27: New build exemption preserves negative gearing for properties that add housing supply 💰 Treasury May 2026 • Budget 2026-27: 30% minimum tax on discretionary trust distributions from 1 July 2028 💰 Treasury May 2026 • Budget 2026-27: Bucket companies face effective tax rate of up to 63% on trust distributions 💰 Treasury May 2026 • Budget 2026-27: Bucket company double taxation risk – trustee pays 30%, company taxed again on full distribution 💰 Treasury May 2026 • Budget 2026-27: Corporate beneficiaries cannot claim credits for trustee-level tax paid 💰 Treasury May 2026 • Budget 2026-27: Income splitting via bucket companies materially undermined by trust tax changes 💰 Treasury May 2026 • Budget 2026-27: Rollover relief available from 1 July 2027 to restructure out of discretionary trusts 💰 Treasury May 2026 • Budget 2026-27: $250 Working Australians Tax Offset introduced 💰 Treasury May 2026 • Budget 2026-27: $1,000 instant tax deduction for work-related expenses from 2026-27 💰 Treasury May 2026 • Budget 2026-27: $20,000 instant asset write-off for small business made permanent 💰 Treasury May 2026 • Budget 2026-27: $745.1 million to strengthen Medicare integrity and combat fraud 💰 Treasury May 2026 • Budget 2026-27: $86.3 million for Phase 2 Counter Fraud Strategy 💰 Treasury May 2026 • Budget 2026-27: $17.8 million for ASIC to enhance managed investment scheme oversight 💰 Treasury May 2026 • Budget 2026-27: $136.1 million to complete business registers stabilisation 💰 Treasury May 2026 • Budget 2026-27: Tax rate on $18,201-$45,000 income drops to 15% from 1 July 2026 💰 Treasury May 2026 • Budget 2026-27: Inflation forecast to reach 5% by mid-2026 due to global oil shock 💰 Treasury May 2026 • Budget 2026-27: Australia's gross debt forecast to reach $1.05 trillion by June 2027 💰 Treasury May 2026 • Budget 2026-27: Projected deficit of $31.5 billion for 2026-27 💰 Treasury May 2026 • LISTO income threshold rises to $45,000 with max payment $810 from 1 July 2027 💰 Treasury May 2026 • Superannuation assets exempt from CGT discount changes 💰 Treasury May 2026 • Paid Parental Leave extended to 26 weeks with super contributions from 1 July 2026 💰 Treasury May 2026 • Division 296: 30% tax on super earnings above $3M, 40% above $10M from 1 July 2026 📋 ATO May 2026 • Payday Super: Employers must pay super within 7 days of payday from 1 July 2026 📋 ATO May 2026 • Concessional super cap rises to $32,500, non-concessional to $130,000 from 1 July 2026 📋 ATO May 2026 • ATO given new powers to pause tax debt recovery for victims of fraud by intermediaries 📋 ATO May 2026 • ATO to recover tax debts directly from fraudulent tax intermediaries 📋 ATO May 2026 • ATO garnishee powers expanded to include jointly held assets 📋 ATO May 2026 • ATO: Targeted compliance on R&D Tax Incentive fraud over next two years 📋 ATO May 2026 • ATO: Transfer balance cap increases to $2.1 million from 1 July 2026 📋 ATO Mar 2026 • ATO: Operation Protego – former ATO employees sentenced for GST fraud 📋 ATO Feb 2026 • ATO: 200+ SMSF auditor reviews completed, 41 referrals to ASIC 📋 ATO Dec 2025 • ASIC receives $10.3M to enhance data supervision of managed investment schemes ⚖️ ASIC May 2026 • ASIC: Private capital enforcement focus continues through 2026 ⚖️ ASIC May 2026 • ASIC: Civil penalty proceedings against nearly two dozen defendants in Shield collapse ⚖️ ASIC Apr 2026 • ASIC: DDO stop orders issued against private credit funds over TMD deficiencies ⚖️ ASIC Mar 2026 • ASIC: Actions against 28 SMSF auditors – 22 registrations cancelled ⚖️ ASIC Mar 2026 • ASIC: Urgent cyber security warning against frontier AI threats ⚖️ ASIC Feb 2026 • ASIC: NSW construction director disqualified for five years ⚖️ ASIC Jan 2026 • ASIC: Review commenced into advice licensees using lead generation services ⚖️ ASIC Dec 2025 •

- New Employee Form -

~ All fields and check-boxes are mandatory if not advised otherwise. ~

Employer's name: *
Employer's ABN: *

Title:

 *
Employee's first name: *
Employee's middle name:
Employee's last name: *

Gender:

 *
Employee's date of birth: *
Employee's address: Unit/street number & street name: *
Suburb, post code & state: *
Employee's mobile number: *
Employee's email address: *
Employee's next of kin's name:
Employee's next of kin's contact number:
Employee's next of kin's e-mail address:
Employee's bank account name: *
Employee's bank BSB: *
Employee's bank account number: *

Tax file number (TFN): (Make sure your TFN is correct. By law your employer is required to withhold tax at a higher marginal tax rate from your pay, if you don't provide your correct TFN to your employer within 28 days.)

TFN: *
TFN declaration date: *

You must complete all questions of Section A of the TFN declaration form and submit the completed and signed copy to your employer and your employer must complete Section B and submit the signed copy of it to the ATO (may also be lodged by us to the ATO) before you can be paid by your employer. Get a fillable online copy here. If you need further clarification on this or other tax affairs, you may consult with us. Over-the-phone consultation is available with iqCron Accounting for fees starting from as low as $66 per 30 minutes block.

Are you an Australian resident for tax purposes? (Your tax-residency is different from your permanent residency or citizenship. If you need help on this, book in here for a consultation.)

 *

Do you want to claim tax-free threshold from this employer? (Only claim tax-free threshold from one employer at a time, unless your total income from all sources for the financial year will be less than the tax-free threshold.)

 *

If you are on a visa, are you restricted to a weekly maximum working hours by your visa condition in Australia? If yes, maximum how many hours are you allowed to work per week? It is a criminal offence to knowingly or recklessly allow someone to work, or to refer someone for work, where that person is from overseas and is either in Australia illegally or is working in breach of their visa conditions. Get your VEVO check done here and provide a full copy of your VEVO check result to your employer.

 *
Maximum weekly hours allowed to work:
Additional information:

Employee Superannuation Fund Choice Details: Fill in online, print and sign your superannuation standard choice form here or provide us with your chosen fund details below:

Fund name: *
Account/product name: *
Membership number: *
Fund ABN: *
Unique Superannuation Identifier (USI) *
Fund Contact Details / Telephone Number *

Employment Details: 

(For clarity and mutual protection, it is strongly recommended that you establish a written employment agreement with your employer. This agreement should explicitly outline all terms and conditions of your engagement, including but not limited to:

• The basis of your compensation (e.g., hourly, salary, commission, etc.)

• Payment schedules and methods

• Employment duration (if fixed-term)

• Roles, responsibilities, and expectations

• Termination conditions and notice periods.

A formal agreement helps prevent misunderstandings and ensures both parties are aligned on key employment terms. If you have not already done so, we encourage you to discuss and document these details with your employer before proceeding.)

Position or job title: *
Employment start date: *

Tenure (select one from below, please):

 *
If you are a contractor, what is your ABN?:
Work days per week + hours per day:
Hourly pay rate (inc. tax & exc. SGC):
Yearly salary:
Modern award, classification and percentage (%) of leave loading:
Allowances or Deductions:

Select the correct leave loading accrual option from below. (If you are a PT/FT employee; and you and your employer are unsure about this, most likely it should be "Permanent Leave - No Loading" under which your leave will be accrued at a mandatory rate or pro-rated based on your hours and agreed pay rate.)

Employee's Declaration:

- I confirm and declare that the information provided in this form is true and correct, and I have necessary evidence to support this; and I am authorised to make this declaration.

 *

- I authorise iqCron Accounting to search for my existing (stapled) superannuation funds details using the ATO's online services for agents and match or use my existing superannuation fund details to or as my chosen superannuation fund where applicable to receive the superannuation guarantee contribution (SGC) from my employer. If no existing (stapled) superannuation fund details is found or the chosen superannuation fund details are not provided by me in this form or in the superannuation standard choice form, I agree to use my employer's default superannuation fund to receive my SGC. Please note, in some circumstances, SGC may not be payable by your employer if you are a contractor.

 *

- I authorise iqCron Accounting to act on my behalf as my registered tax agent. (This is optional, however, this will make the recruitment process easier i.e to find or match your super fund details with the ATO, and you will be added as a client of iqCron Accounting; which will make your consultation process with us easier in future. Your existing tax agent (if any) will be replaced with iqCron Accounting as your new tax agent.)

 *

- I have read and; agree to the basic terms of this form, terms and conditions and privacy policy of iqCron Accounting where applicable.

 *
Date of Declaration: *
 

Disclaimer: The contents of this form are confidential and may be protected by copyright and/or legal privilege. Any unauthorised use, reproduction, disclosure or distribution of the information contained in this form is prohibited. Anyone intending to apply the information (if any) contained in this form to their practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.

Instructions:

✅ Fill in all required fields with red asterisk mark *.

✅ Rotate your mobile device to landscape mode to see the full instructions in the form-fields.

✅ Complete the Google reCAPTCHA ("I'm not a robot") if prompted.

✅ Click Next/Submit.

 

If successful, you'll see:

👉🏻 A confirmation message ("Form submitted successfully").

👉🏻 Client-to-agent nomination steps for partnership, company, trusts and other applicable entities.

👉🏻 Option to book an appointment (if applicable).

 

If the page doesn’t advance:

☑️ Ensure all fields are filled.

☑️ Check that reCAPTCHA is completed (at least accept reCAPTCHA cookie before start using the site).

☑️ Refresh the page and resubmit.

☑️ Start a new session if issues persist or call us for assistance (0422 270 122).