With less than two months until ATO is 'Clearing Up' Some Common Payday Super Myths Payday Super starts (on 1 July 2026), the ATO wishes to 'clear up' the following common misconceptions.

Editor: The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.

The Government recently announced that it was delivering on its commitment "to mandate cash acceptance for essential purchases by finalising regulations that require fuel and grocery retailers to accept cash from 1 January 2026." The changes mean that, from 1 January 2026, most food and grocery retailers must accept cash for in-person transactions of $500 or less between 7 am and 9 pm.

Dual Cab Utes and FBT: The ATO wishes to dispel the 'common myth' that dual-cab utes are automatically exempt from fringe benefits tax ('FBT').