Employment & Superannuation

Greenwoods & Herbert Smith Freehills assists organisations to navigate the complex issues that can arise in the context of employment taxes, including payroll tax and superannuation.

Our practitioners have broad experience dealing with employee share schemes in a range of circumstances including their establishment and dissolution as well as issues arising in corporate restructures including mergers and demergers. 

Greenwoods' experience extends to a wide range of employment related tax issues including employment termination and redundancies, remuneration packaging and contractor arrangements. We also provide specialist expertise in superannuation. 

We regularly participate in Australian Taxation Office and Treasury consultations on behalf of private-sector representative bodies including The Tax Institute and peak industry bodies such as the Australian Bankers Association and the Property Council of Australia. Notably, our Directors have been closely involved in the Australian Government’s ongoing consultative processes concerning the amendments to the taxation of employee share schemes.

Employment & Superannuation Transactions

NAB: sale of interest in MLC

Greenwoods & Herbert Smith Freehills advised NAB on the sale of 80% of its life insurance business to Nippon Life Insurance Company for A$2.4 billion.

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Viator: Class Ruling

Greenwoods & Herbert Smith Freehills advised Viator Inc in respect of the tax treatment of their employee equity arrangements following the takeover by Trip Advisor Inc.

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Lend Lease: superannuation

Greenwoods & Herbert Smith Freehills advised Lend Lease on the closure of its Superannuation Plan Defined Benefits Division in 2014.

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First State Super: merger

Greenwoods & Herbert Smith Freehills advised First State Super on its merger with Health Super in 2011.

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Employment & Superannuation Publications

02 Nov 2017  |  Riposte  |  Real Estate  |  Employment & Superannuation

Payroll tax on service contracts – integral vs incidental functions

The recent decision in JP Property Services Pty Limited v Commissioner of State Revenue [2017] NSWSC 1391 said contracts for service to perform integral functions in a client’s business invoke the employment agency payroll tax rules, but not contracts for incidental functions.

26 Sep 2017  |  Riposte  |  Employment & Superannuation

MySuper outcomes - don't forget the tax (relief)!

A new reporting proposal for super funds currently before Parliament could see trustees recommending closure of under-performing MySuper products; but has anyone thought about the tax cost?

13 Sep 2017  |  Riposte  |  Real Estate  |  Employment & Superannuation  |  International

Housing Affordability Bills Introduced

As part of the 2017-18 Federal Budget, the Government announced several measures to assist with housing affordability. Bills to implement some of these measures were introduced on 7 September 2017.

31 Aug 2017  |  Riposte  |  Employment & Superannuation

PCG 2017/D16 – long anticipated propagation ruling

The ATO last week foreshadowed its long anticipated go-ahead for large super funds using parcel selection to optimise CGT and franking credit outcomes, within limits.

01 Aug 2017  |  Riposte  |  Employment & Superannuation

Employment taxes update - July 2017

Australian tax obligations affecting employers are always changing. This update addresses changes to legislation and case law developments affecting employers – including payroll tax, fringe benefits tax, income tax, superannuation and pay-as-you-go withholding – as well as the ATO’s interpretation of those laws and regulations from the last 4 months (April to July 2017).

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Employment & Superannuation team

Cameron Blackwood

Director

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Aldrin De Zilva

Director, Head of Melbourne Office and Head of Projects & Infrastructure

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Toby Eggleston

Director

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Adrian O'Shannessy

Director

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Graham Warren

Special Counsel

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