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FirstTech Podcast

Craig Day
Superannuation
Division 296 Tax
Aged Care Reform
Financial Advice
Centrelink
Division 296
Concessional Contributions
Taxation
Self-Managed Super Funds
Australian Taxation Office
Contributions
Capital Gains Tax
Payday Super
Stage 3 Tax Cuts
Contribution Splitting
ATO
Total Super Balance
Federal Budget
Powers Of Attorney
Retirement Planning

A podcast series for financial advisers looking at the latest technical issues and advice strategies that may impact investors and super fund members. Join Craig Day and members of the Colonial First State ‘FirstTech’ team as they discuss a broad range of advice issues, from superannuation and SMSFs, to social security rules and aged care. -Please note - these podcasts are designed for authorised ... more

PublishesDailyEpisodes139Founded7 years ago
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Artwork for FirstTech Podcast

Latest Episodes

Craig Day, Linda Bruce, Tim Sanderson, Alex Denham and Kim Guest discuss the latest technical news:

* CGT and negative gearing changes, in situations involving death and relationship breakdown

* Proposed super reforms in relation to SMSFs

* Cha... more

Peter Burgess, CEO of the SMSF Association talks to Craig Day about the proposed super reforms to strengthen customer protections in relation to SMSFs.

Hosted on Acast. See acast.com/privacy for more information.

From the 2027-28 financial year, significant changes to CGT rules mean that some clients will realise capital gains that are subject to a minimum 30% tax rate.

For these clients, the benefit of making a personal deductible super contribution, as well... more

Craig Day, William Truong, Richard Chen and Kim Guest discuss the latest technical news:

* Release of Treasury consultation paper on proposed tax changes to discretionary trusts

* ATO releases guidance on SMSF LRBA ban on residential property

*... more

Following the May 2026 Federal Budget announcement to introduce a 30% minimum tax on discretionary trusts from 1 July 2028, Treasury released a consultation paper in early July.

In this podcast, Craig Day and Linda Bruce discuss how the proposed refo... more

Craig Day and Kim Guest discuss the Centrelink and aged care implications of a person who is eligible for the extended land use test entering residential aged care.

Hosted on Acast. See acast.com/privacy for more information.

Craig Day and Tim Sanderson discuss an interesting and complex adviser question 'My client has a defined benefit pension - how do I know if they will be subject to Division 296 tax?'

Hosted on Acast. See acast.com/privacy for more information.

During the May Federal Budget, the Government announced that existing properties held as at 12 May 2026 will be exempt from the negative gearing changes commencing on 1 July 2027. This has promoted increased adviser queries on whether clients can boo... more

Key Facts

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Recent Guests

Peter Burgess
CEO of the SMSF Association
SMSF Association
Episode: Latest News - August 2026
William Truong
New star recruit joining the FirstTech team
FirstTech / Colonial First State Investments Limited
Episode: Latest News - July 2026
Tim Sanderson
Senior technical services manager
FirstTech team / Colonial First State
Episode: Question of the month: Defined benefit pensions and Division 296 tax
Linda Bruce
Resident tax nerd featured as the expert guest
FirstTech team, Colonial First State
Episode: FAQs: Increasing property debt and interest deductibility explained
Richard Chen
Technical services manager
FirstTech team
Episode: Leave payments on retirement: Lump sum vs taking leave
Kim Guest
Senior Technical Services Manager
Colonial First State
Episode: Payday Super - Impact on contribution strategies
Hayley Mitchell
Partner at Brisbane law firm Cooper Grace Ward, specializing in wills, estates, and superannuation
Cooper Grace Ward
Episode: Understanding Powers of Attorney
Tony Negline
Supernation and Financial Services Lead at the Chartered Accountants Australia, New Zealand
Chartered Accountants Australia, New Zealand
Episode: New Tax Determination clarifies deductibility of advice fees for individuals

Hosts

Craig Day
Host of FirstTech Podcast; long-time presenter with extensive coverage of superannuation, tax policy, and adviser-focused strategies.
Kim Guest
Senior Technical Services Manager providing expert explanations on policy details and technical guidance for advisers.
Richard Chen
Technical services manager, subject-matter expert on SG, tax, social security implications for advisers.
Linda Bruce
Senior technical services manager; expert guest on regulatory and technical planning topics.
Tim Sanderson
Senior technical services manager and frequent technical guest on Division 296 and related topics.

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Talking Points

Recent interactions between the hosts and their guests.

Protecting SMSFs: Understanding the Proposed Reforms
Q: What is the purpose of requiring a uniquely identifiable bank account for SMSFs and how might this be implemented in practice?
The requirement aims to ensure SMSFs have distinct, identifiable bank accounts to prevent confusion with other entities and to simplify tracing funds, with guidance indicating the SMSF itself must have a uniquely identifiable account, though practical implementation will be refined during targeted consultations.
Protecting SMSFs: Understanding the Proposed Reforms
Q: In what situations would the ATO be able to prevent a rollover into a new SMSF, and how would intervention work in practical terms?
The ATO would use its powers to refuse to register a new SMSF or remove it from visibility on the Superfund Lookup if concerns arise about fraud, financial abuse, or misconduct, thereby stopping or hindering the rollover process as a proactive protective measure.
Proposed minimum tax on discretionary trusts
Q: Are there any exemptions or reliefs for certain trusts or income types?
Yes, there are exclusions such as fixed, widely held, complying super funds, and certain testamentary trusts, plus rollover relief to restructure out of a discretionary trust into other structures, with specifics to be clarified in future legislation.
Proposed minimum tax on discretionary trusts
Q: What happens to corporate beneficiaries like bucket companies?
Corporate beneficiaries would not receive the trust tax offset; the entire trust distribution would be taxed at the corporate rate (around 30%), potentially leading to a total up-front tax of 60% when combined with the trust tax, before any franking credits.
Proposed minimum tax on discretionary trusts
Q: How would the tax offset work for beneficiaries who receive distributions.
Non-corporate beneficiaries would receive a non-refundable 30% tax offset against their share of trust income, meaning the offset reduces tax but cannot be refunded or used to offset Medicare Levy, potentially resulting in a higher overall liability if no other income is present.

Audience Metrics

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Frequently Asked Questions About FirstTech Podcast

What is FirstTech Podcast about and what kind of topics does it cover?

The show targets financial advisers who need practical, technically detailed guidance on superannuation, pensions, taxation, and regulatory changes in Australia. Episodes cover a broad mix of topics—from Division 296, Total Super Balance and defined benefit pensions, to discretionary trusts, aged care planning, and the Payday Super reforms—with concrete examples, step-by-step calculations, and advisory strategies designed for immediate client impact. A hallmark is the collaborative, technically deep style led by a senior adviser team and subject-matter experts, often featuring real-world scenarios and references to updated guides and client resources. Listeners can expect timely regulatory updates, executable tips for adviser workflows, and... more

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Which podcasts are similar to FirstTech Podcast?

These podcasts share a similar audience with FirstTech Podcast:

1. BT Academy
2. Ensombl Advice Australia
3. Retire Right
4. NAB Morning Call
5. Chanticleer

How many episodes of FirstTech Podcast are there?

FirstTech Podcast launched 7 years ago and published 139 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on FirstTech Podcast?

Recent guests on FirstTech Podcast include:

1. Peter Burgess
2. William Truong
3. Tim Sanderson
4. Linda Bruce
5. Richard Chen
6. Kim Guest
7. Hayley Mitchell
8. Tony Negline

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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