{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"BK Pod","title":"Episode 23: Fighting the Good Fight — AML Wins, Budget Realities and Payday Super Timing","html":"","width":"100%","height":180,"duration":2606,"description":"In this episode of BK Pod, the focus is on three key areas affecting BAS Agents and bookkeepers right now.Kelvin Deer opens with an important update on ABN's recent engagement with AUSTRAC around the AML CTF Tranche 2 legislation — and why the outcome is a significant win for the profession. He unpacks why ordinary BAS, payroll and bookkeeping services should not be captured by obligations aimed at higher-risk professional gateway activities, and explains the technical clarification around Table 6, Item 3 that has removed a major source of stress and uncertainty for practitioners. He also takes a moment to talk honestly about what professional association membership really delivers — and why the greatest value is often the problem that never arrived.Peter Thorp and Kerrie Jarius then work through the Federal Budget changes most likely to impact bookkeepers and their clients — covering the CGT changes and what they mean for business assets, the valuation challenge heading into 30 June 2027, trust taxation changes from 2028, dynamic PAYGI, and the permanent instant asset write-off.Finally, Darren Hagarty previews the latest Getting Technical publication — Payday Super: When is Payday? — a practical look at the concept of Qualifying Earnings Day and why the timing of super contributions under Payday Super is more technical than many employers realise.Key TakeawaysABA and ICB's engagement with AUSTRAC has delivered a significant win — ordinary BAS, payroll and bookkeeping services are not captured by AML CTF Tranche 2 obligations.AUSTRAC is now developing improved guidance and examples around Table 6, Item 3 to give the industry genuine certainty.Membership value isn't just what you download — it's the representation, advocacy and pushback happening on your behalf.The CGT changes affect all asset classes from 1 July 2027, with significant implications for business sales and a formal valuation requirement as at 30 June 2027.Small business CGT concessions were...","thumbnail_url":"https://img.transistorcdn.com/5jvdB-te3vmX_Oth0tdqjulDCpoYnKbpNZrcDUKC2FQ/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xNzY2/MzYyNGUyMDQ2NTQz/NzA0OTdmNTJiZmQ3/MGFkZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}