RSM's talkBIG Podcast

Everything you need to know about division 296 tax on superannuation

What is division 296 and why is it sparking such significant debate and concerns among superannuation holders? 

Announced by the Australian Government in 2023, division 296 is proposed legislation set to enforce additional tax on earning from superannuation balances exceeding $3 million [AUD]. With both realised and unrealised gains potentially being taxed, the legislation has sparked huge debate due to concerns about fairness, valuation challenges, and its potential impact on retirement planning. 

As the legislation continues to face hurdles in Parliament, its potential impact on retirement strategies and future generations remains a hot topic.

In this episode of talkBIG, host Andrew Sykes joins expert Katie Timms, a Partner in the RSM Superannuation team, to discuss the complexities of this new tax and what it might mean for Australian’s retirement plans.  

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Join special guest Kim Seeling Smith and host Andrew Sykes as they embark on a thought-provoking discussion about the revolutionary impact of artificial intelligence (AI) on the business landscape.

From the future of work to navigating the increasing pace of change, this episode focuses on preparing individuals and organisations to face the changes that lie ahead. 

The hosts explore the idea of partnering with AI, emphasising the need to always keep a human in the loop, and calling for organisations to upskill and redeploy their workers, taking them on the journey . They candidly address the realities of automation, pointing out that routine tasks are often the most vulnerable, yet simultaneously opening doors to exciting new opportunities and roles in the workplace.

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

Too many Aussie businesses aren't ready for a cyber attack.

In this episode of talkBIG, we unpack the latest findings on Australia's cyber readiness. 

Take a close look at how ready Australian companies really are to tackle cybersecurity threats, dig into the main attack methods that cybercriminals use and discuss why it’s so important for companies to understand their vulnerabilities before they can be exploited.

Tune in now. 

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

How will the Federal Budget impact you?
The Federal Budget 2025-26 is set to be handed down by Treasurer Jim Chalmers on 25 March, shaping economic policy and priorities in a pivotal election year. What will the key announcements mean for businesses, investors, and individuals?

Join us for an in-depth webinar featuring our leading economist, tax experts, and finance advisers. They will break down the key measures, assess their implications, and explore the broader economic and policy landscape as we approach the federal election.

Discussion highlights:

✅ Economic outlook and policy direction in an election year
✅ Tax and finance measures impacting businesses and individuals
✅ Key opportunities and risks to prepare for

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

Do you remember Neopets? 🌟 If you spent time online between 1999 and 2005, chances are you had a Neopets account or knew someone who did.

In this episode of talkBIG, we’re exploring the fascinating world of Neopets, the online game that became a cultural phenomenon in the early 2000s. Join host Andrew Sykes as he chats with Peter Xi, a Partner from RSM Australia's Tax Advisory division, and Dominic Law, the new CEO of Neopets. 

They’ll dive into the business side of online gaming, discuss the cultural impact Neopets had on a generation, and share some exciting plans for the future of the game! 🎮💖 

Whether you grew up with Neopets or you’re simply curious about the gaming industry, this episode offers a fun mix of nostalgia and insights that you won’t want to miss. 

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

As Donald Trump takes office for a historic second term, the world stands at a crossroads. 

In this special episode of talkBIG, two top RSM economists from the US and Australia tackle the critical question: What does another Trump era mean for Australia, the US, and the global economy?

Join RSM Australia's Chief Executive Partner, Jamie O'Rourke, as he hosts an unmissable discussion with renowned experts Joe Brusuelas and Devika Shivadekar.

This compelling episode delivers sharp insights, bold predictions, and crucial strategies for navigating an era of economic uncertainty. Tune in now!

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

What can business owners do to manage rising costs?

In this episode of talkBIG, host Andrew Sykes speaks to experts Jonathon Colbran, and Gavin Stacey to unpack the critical challenges facing Australian businesses—from taxation pressures to insolvency risks—and provide actionable strategies for navigating financial distress. 

Whether you’re battling rising debt or exploring ways to turn your business around, this episode offers practical advice and a roadmap to making informed decisions. 

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

Have you ever wondered why Black Friday is popular in Australia? Our latest talkBIG episode dives deep into this phenomenon as host Andrew Sykes chats with economist Devika Shivadekar and data analytics expert Dr. Ian Tho, uncovering why Black Friday has become a major retail event Down Under.
In a lively discussion, they trace the origins of Black Friday in Australia, explore its growing influence on consumer behaviour, and reveal how it's shaping our retail landscape. They also examine how Australian shoppers are adapting to changing retail strategies, the critical role of data analytics in predicting trends, and the ways AI is transforming the shopping experience.

Highlights include:
Why retail sales are booming during Black Friday sales in Australia.
How data analytics is revolutionising consumer insights.
The shift toward early shopping and online research.
Practical strategies for small retailers to thrive amidst big sales events.
How AI-driven insights are making personalised shopping easier and more effective.
The critical importance of customer experience in driving loyalty.
Tips for retailers to streamline the buying journey.
How economic factors like interest rates are shaping spending habits.
A look at the future of retail and how consumer behaviour continues to evolve.

Tune in for an insightful episode packed with expert perspectives and actionable tips to understand the Black Friday phenomenon and succeed in the fast-changing world of retail!

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

Can ESG help you protect your wealth and business from the impacts of climate change? 

Climate change is a big topic, with wide-ranging impacts that have substantial financial implications. Consumers are increasingly demanding more eco-conscious practices, and regulations are becoming stricter worldwide, including here in Australia. We are already seeing proactive businesses adapting their strategies to align with a sustainable future.

So, how can you protect yourself, your business and your wealth from the impacts of climate change?

In this episode of talkBIG, we are exploring the big questions around climate change, sustainability and ESG to uncover how they intersect with business and wealth. Join host Andrew Sykes as he speaks to  RSM Australia’s ESG and sustainability experts, Linda Romanovska and Karien Erasmus to gain practical insight into some of the most pressing challenges of the modern era. 

This conversation will challenge your perspective on money, wealth, and the future of our planet. Tune in now. 

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Thanks for listening! Visit the RSM Australia website to ask the hosts a question. 

In this episode of the talkBIG podcast, host Andrew Sykes is joined by a lineup of seasoned professionals from RSM, each bringing their unique expertise to the table. We explore the wide world of professional services to try to pinpoint when, exactly, it’s time to speak to a professional. 

People often try a very DIY approach to things, and sometimes that’s appropriate – for example: you don’t need an electrician to change your lightbulb but you should hire one if you’re rewiring your kitchen. In this episode, we explore the question from a business and personal finance perspective to determine the exact line in various professional and personal scenarios where consulting a professional is not just advisable, it's mandatory.

This episode is a treasure trove of knowledge for anyone seeking professional advice on a range of financial and business matters, from IPOs and wealth management to cyber security and R&D tax incentives. Tune in to gain valuable insights from these industry leaders and learn when it's time to call in the experts.

Text us your questions!

Thanks for listening! Visit the RSM Australia website to ask the hosts a question.