The ATO is sharpening its focus on how taxpayers generating income from personal services deal with that income for tax purposes, with the release of Practical Compliance Guideline PCG 2025/5.

With the start of the 2026–27 financial year, SMSF trustees should take a proactive approach to ensure funds remain compliant and well positioned. Below is a concise checklist of the key legislative changes, compliance deadlines and practical steps trustees should prioritise.