News in brief…1 July 2026

ATO advice and guidance; Legislation update: CGT, negative gearing, income tax rate adjustments Act receives Royal Assent; Temporary reduction in fuel excise passes Parliament; Senate passes three financial regulatory bills; 2022 amendments to unfair contract terms regime ‘broadly successful’; ANAO finds small businesses the largest driver of overall tax debt; Rising business overheads become main driver in operating expenses rise in June: ABS