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Monday 8:30am - 5pm Tuesday 8:30am - 5pm Wednesday 8:30am - 5pm Thursday 8:30am - 5pm Friday 8:30am - 5pm

BG Private

BG Private (formerly Banks Group) is an AFR Top 100 firm. For Today, Tomorrow & Beyond.

Our services include: Accounting & Business Advisory, Audit, Tax, Financial Planning, SMSF Management, Corporate Advisory, Private Equity and Property Advisory. BG Private (formerly Banks Group) is an AFR Top 100 accounting, audit and advisory firm making us one of Melbourne and Sydney’s leading practices. We don’t just deliver a service, we partner with you to help you achieve your personal and b

usiness goals. Our team of 100+ people have the technical knowledge and practical experience to give you holistic, tailored and impactful advice. For Today, Tomorrow & Beyond.

8 SERVICES UNDER ONE ROOF:

• Accounting & Business Advisory
• Audit & Assurance
• Tax Advisory
• Financial Planning
• SMSF Management
• Corporate Advisory
• Private Equity
• Property Advisory

Contact us: [email protected] or visit www.bgprivate.com.au

See our general disclaimer in the footer of our website: www.bgprivate.com.au

29/05/2026

The Federal Budget has introduced important changes for discretionary trust holders - and they’re worth understanding before 1 July 2028.

In this short video, our Tax Partner Tim explains what’s changing: from 1 July 2028, discretionary trusts will pay a minimum 30% tax rate on their taxable income. Beneficiaries will receive a non-refundable tax credit for that tax - but those on a lower marginal rate won’t get the excess back. Primary production income and existing testamentary trusts are excluded.

Worth a watch if a discretionary trust is part of your wealth or business structure.

Read our full Federal Budget wrap at https://bgprivate.com.au/insights/articles/federal-budget-2026-27-wrap/ or contact our team to find out what these changes mean for your situation.

28/05/2026

Big changes to negative gearing were announced in this year’s Federal Budget - and property investors need to take note.

In this short video, our Tax Partner Tim explains what’s changing: negative gearing on existing residential properties purchased after 12 May 2026 will be removed from 1 July 2027, with a transitional period in place until then. New homes and apartments are excluded from the changes.

Worth a watch if investment property is part of your wealth strategy.

Read our full Federal Budget wrap at https://bgprivate.com.au/.../federal-budget-2026-27-wrap/ or contact our team to find out what these changes mean for your situation.

27/05/2026

Big changes to capital gains tax are coming - and they’re some of the most significant reforms in over two decades.

Here, our Tax Partner Tim walks through what the 2026/27 Federal Budget means for investors and asset holders: the removal of the 50% CGT discount from 1 July 2027, a new minimum 30% tax rate on capital gains, and the end of pre-CGT asset exemptions for the period held after that date.

Worth a watch if you hold investment property, shares, or assets through a trust.

Read our full Federal Budget wrap at bgprivate.com.au/insights/articles/federal-budget-2026-27-wrap/ or contact our team to find out what these changes mean for your situation.

26/05/2026

Good news - super was largely spared in this year’s Federal Budget.

Maz, our Financial Planning Partner, breaks down two key changes in this short video: an increase to how much you can contribute to super at a concessional tax rate, and an increase to how much you can move into the pension phase - where your earnings can ultimately be tax-free.

Worth a watch if super is part of your wealth plan.

Read our full Federal Budget wrap at bgprivate.com.au/insights/articles/federal-budget-2026-27-wrap/ or contact our team to find out what these changes mean for your situation.

23/05/2026

Did you know super funds can change your policy terms without your approval?

Retail policies often offer better terms, stronger protection — and a lower price.

If you hold insurance inside super, now is a good time to review whether your cover is still competitive.

Our specialist John Green can compare your current cover against the market. Read more here: https://bgprivate.com.au/insights/articles/australian-super-life-insurance-premium-increase/

15/05/2026

Yesterday we had the pleasure of welcoming over 50 clients and guests to our Decoding the 2026 Federal Budget panel lunch in Melbourne - and what a session it was.

Our three experts unpacked the major changes across CGT, negative gearing, SMSFs and financial planning, and the live Q&A made for one of the most engaged events we've hosted. The great questions from the room led to a lively and insightful conversation.

And because we donated 100% of ticket proceeds to the Cancer Council F*Cancer Campaign - together we helped raise over $1,500. Thank you to every guest who made that possible.

Couldn't make it? Our full Federal Budget wrap is on our website: https://bgprivate.com.au/insights/articles/federal-budget-2026-27-wrap/

13/05/2026

Federal Budget 2026/27 — what it means for you

Treasurer Jim Chalmers has handed down one of the most significant tax reform budgets in a generation, framing the changes as necessary to address intergenerational inequality of wealth between younger and older Australians.

If you own investment assets, run a trust, or are planning your next move - this affects you. Our Tax Partner Tim has unpacked the key changes across CGT, negative gearing, discretionary trusts and more.

Read the full wrap-up: https://bgprivate.com.au/insights/articles/federal-budget-2026-27-wrap/

06/05/2026

📣 Budget night is almost here and we want to help you understand what it actually means for you.

Join BG Private on Thursday 14 May for an expert luncheon briefing: Decoding the 2026 Federal Budget: What it means for you.

After the Federal Government hands down the Budget on 12 May, our panel of specialists will unpack the big announcements and answer your questions live.

🗓 Thursday, 14 May 2026
⏰ 1pm – 3pm
📍 Postmaster Hotel, 186 High St, Kew VIC 3101
🎟 $30 per ticket (all proceeds to the Cancer Council)
🍽 Lunch and drinks included

This is your chance to get clear, expert advice - no jargon, no spin. Just a straight answer on where you stand.

👉 Book your spot: https://events.humanitix.com/decoding-the-2026-federal-budget-what-it-means-for-you

05/05/2026

Last week, our team had the privilege of attending the MASA and UNIT Accounting & Financial Services Evening, and we couldn't be prouder - our very own partner Mazin Albassit took to the stage as a keynote speaker.

Mazin shared his insights on the key skills financial advisors need to thrive in today's evolving landscape. Proud of you, Mazin. 👏

01/05/2026

Is your FBT return on your radar? ⏰

The 2026 Fringe Benefits Tax year has wrapped up, and Australian employers now have until 25 June 2026 to lodge their return and pay any outstanding liability.

With the ATO ramping up audits and data-matching this year, it's worth making sure you're across your obligations — especially if you've provided employees with cars, gifts, meals, devices, or expense payments.

The great news? There are genuine ways to reduce what you owe, from electric car exemptions to the minor benefits rule.

We've put together a guide to help you navigate the 2026 FBT year with confidence 👇

https://bgprivate.com.au/insights/articles/fringe-benefits-tax-what-to-know-for-2026/

Address

801 Glenferrie Road
Melbourne, VIC
3122

Opening Hours

Monday	8:30am - 5pm
Tuesday	8:30am - 5pm
Wednesday	8:30am - 5pm
Thursday	8:30am - 5pm
Friday	8:30am - 5pm

Telephone

+61398100700

Website

http://www.bgprivate.com.au/

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