YML Doubles Down on AI: Investing in the Future of Intelligent Innovation

YML is proud to announce its strategic investment and commitment to expanding its Artificial Intelligence (AI) capabilities through the launch of a dedicated AI division. This bold move responds to the accelerated growth of AI technology and focuses on rapid development cycles to deliver practical, high-impact solutions to everyday business challenges.

Building on our proven success in Robotic Process Automation (RPA), this new chapter marks a significant step forward in our mission to provide intelligent, transformative solutions for clients across industries.

A Natural Evolution from RPA to AI

YML’s success in RPA has already shown our ability to streamline repetitive processes, improve productivity, and reduce operational costs. Now, YML AI will take this further — applying breakthroughs in generative AI, natural language processing, and data analytics to solve more complex and dynamic problems.

This evolution allows us to offer a complete spectrum of intelligent automation, from process optimisation to predictive decision-making.

Leadership Driving Innovation

To lead this initiative, we are excited to welcome Avi Sharabi, a senior technology executive with over three decades of experience in cutting-edge technologies. Avi has established and led the Deloitte Sydney Analytics, and later on led the KPMG Sydney data team in his 12 year tenure as a Senior Partner. During these times and afterwards, Avi drove innovation in both corporate as well as startup environment. in his role as a Lead Partner for over 12 years. innovation at both corporate and startup levels.

His AI journey dates back to 1995, when fresh out of Uni, he developed a Machine Learning (ML) solution enabling GE Nuclear Energy to address a heating reactor challenge. Today, at YML AI , Avi is building and leading a team of AI professionals dedicated to delivering measurable results for our clients.

Solving Real Problems, Fast

At the core of YML AI is rapid prototyping — creating and testing solutions quickly so clients can see value early in the process. Based on our experience and initial conversations with business leaders we are prioritising high-return applications of AI in areas such as:

• Document Intelligence – Extracting and organizing information to reduce manual processing
• Agentic Workflows – Building intelligent assistants that identify bottlenecks, automate decisions, and handle complex processes within your existing work environments (e.g. MS Outlook).
• Data Analysis & Insights – Finding patterns and generating actionable insights from complex information resulting increased profitability, expansion of market footprint, maximising available resources
• Customer service support – analysing omni channel (email, phone, chat, etc.) interactions with customers, defining best resolution approach, measuring (customer success), and evolving service

Investing in the Future

To ensure the success of YML AI, we made significant investments in:

• Talent – Building a team of experienced data scientists, AI engineers, and domain experts.
• Technology – Partnering with leading providers to leverage industry leading AI technologies.
• Speed & Scalability – Developing reusable AI artefacts to accelerate delivery

Your Challenges, Our Next Breakthrough

Our AI vision is fuelled by real-world challenges. We invite our clients and partners to share with us the challenges they face - whether in accounting, logistics, marketing, sales, or beyond. Jointly, we can design solutions that deliver immediate value and long-term growth.

How can YML help?

For more information, please contact:

Avi Sharabi
CEO - YML AI
M: 0410 348 297 
E: Avi.Sharabi@ymlgroup.com.au 
W: www.ymlgroup.com.au

Proposed New Taxation Rule – Division 296 – to affect Individuals with over $3 million in Superannuation

What is Division 296?

Yet to be introduced as law into the Income Tax Assessment Act 1997 (Cth), Division 296 is a proposed taxation rule imposing an additional 15% tax on specified earnings of an individual’s Total Superannuation Balance (TSB). The proposed Bill will affect those superannuation members with a TSB of more than $3 million, generally, but not limited to, affecting high net-worth individuals in Australia.

From 1 July 2025, fund earnings on the portion of TSB above $3 million will be taxed under Division 296. As Division 296 is in addition to the current 15% concessional tax rate on fund earnings, fund earnings in excess (on the portion above $3 million TSB) may effectively incur a 30% total tax rate.

The Australian government’s aims of this proposed taxation rule are equity, as large superannuation balances currently receive generous taxation concessions, and revenue. It is expected that fewer than 0.5% of Australians are likely to be impacted, but will you be one of those affected?

Will Division 296 affect you and, if so, when?

Firstly, determine what your Total Superannuation Balance (TSB) will be at the end of the year ending 30 June 2026 as this will decide if you are liable to have taxable fund earnings under proposed Division 296.

Those individuals with aggregate TSB across all their superannuation accounts above $3 million will be impacted. Note, individuals in defined benefit schemes, employer-sponsored pensions, will be allowed to defer Division 296 liability until retirement (interest applicable annually).

The ATO will assess your eligibility to pay Division 296 tax when you lodge your tax return for the financial year. If you are liable to pay, a notice will be issued by the ATO. You may be

able to pay with a release of money from your superannuation fund.

How Division 296 will be calculated?

If your aggregate TSB across all your superannuation accounts will be above $3 million on 30 June 2026, then you will have reached the proposed threshold for the application of Division 296.

Following is the formula for determining the amount of tax for which you could be liable:

Earnings on your TSB will be calculated as:

Earnings = (Closing Balance – Opening Balance) – Net Contributions (consider both Contributions and Withdrawals)

The proportion above the $3 million threshold will be calculated as:

Proportion = (Closing Balance - $3 million) / Closing Balance

And the taxable earnings will be calculated as:

Taxable Earnings = Earnings x Proportion

Finally, Tax will be calculated as:

Tax = 15% x Taxable Earnings

Note, losses may be carried forward to offset future Division 296 liabilities but may not be carried backward.

What to do NOW – NEXT STEPS

Many high net-worth individuals may want to consider planning strategies to reduce exposure to or mitigate the impact of Division 296, however consider deferring reactive restructuring at the risk of reducing long-term superannuation benefits.

Contact YML Chartered Accountants TODAY about strategic planning to manage projected balances of your superannuation accounts in anticipation of Division 296 being brought into law before financial year end 2026.

How can YML help?


Talk to our YML Super Solutions Team today to see how YML Group can assist you with your SMSF. For more information, view our website and contact us on (02) 8383 4444 or by using our Contact Us page on our website.

Business Insurance: What You May Be Overlooking

Here are five types of business insurance worth having on your radar, that could provide more comprehensive cover:

      1. Cyber Liability Insurance

Cyber-attacks aren’t just a big business problem. In fact, small and medium-sized businesses are being hit the hardest. According to the Australian Signals Directorate, over 87,000 cybercrime reports were made in 2024, with small businesses making up a large portion of the victims. The average cost of a single cyber incident for a small business? More than $49,000.

Whether you’re storing customer information on a laptop or in the cloud, using an EFTPOS machine to collect payments, sending emails to vendors, or simply updating your website, you could be vulnerable to a cyber-attack. Cyber Liability insurance can cover the cost of responding to a data breach, recovering compromised systems, and notifying affected customers. It also helps with crisis management and legal expenses if client data is exposed or stolen.

      2. IT Liability insurance

Tech professionals operate in high-stakes environments. One coding error, outage, or lost file can lead to serious consequences for your clients, and potentially legal action for you.

IT Liability insurance is designed with Information Technology professionals in mind. It combines the protection of Professional Indemnity insurance and Public Liability insurance to provide cover if something were to go wrong with the IT advice, services or even products you provide to your clients.

      3. Management Liability insurance

Being at the helm of a business means taking on a fair share of risk and legal responsibilities, especially when you're managing staff, finances or company decisions. Even with the best intentions, things can go wrong. One internal complaint or regulatory investigation could trigger a costly legal process.

Management Liability insurance is designed to protect business owners and company directors from legal claims tied to the management of the business. That may include incidents like unfair dismissal, discrimination or harassment claims, and even allegations of financial mismanagement.

      4. Tax Audit insurance

Even if your books are in perfect order, an audit from the ATO can still land on your desk. And when it does, responding properly takes time, expertise, and money.

Tax Audit insurance can be included in your Business Insurance Pack. It helps cover the professional fees that come with handling an audit. That includes costs for hiring an accountant, tax agent or other related professionals. This type of cover is useful for any business that wants to meet ATO requirements without taking a significant financial hit for it.

      5. Statutory Liability insurance

Regulations are a part of doing business in Australia. Whether it's workplace safety, employee rights, or industry-specific rules, it's important to stay up-to-date and compliant. But mistakes can happen.

Statutory Liability insurance can also be added to your Business Insurance Pack.  It covers investigative costs and penalties that come from unintentional breaches of government regulations. This could include breaches in legislation, or missed steps in licensing obligations.

This policy is especially useful for businesses in heavily regulated industries. With this cover in place, you're not left footing the bill if an honest mistake turns into a costly legal problem.

Get the cover you need, without the hassle

If your current cover is limited to just Public Liability and Professional Indemnity insurance, now’s a great time to explore your options. BizCover helps you compare multiple insurance options from leading Australian insurers, choose a policy that fits your business needs, and buy your cover in minutes.

No forms. No phone calls. Just easy, affordable cover trusted by over 260,000 small businesses across Australia.

Ready to protect your business properly? Head to BizCover and sort it all out in just a few clicks.

This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.

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How can YML help?

Talk to our trusted advisors today to see how YML Group can assist you with your insurance needs through BizCover. For more information, view our website and contact us on (02) 8383 4400 or by using our Contact Us page on our website.