According to the Treasurer, the introduction a minimum tax on discretionary trusts is to "better align the tax treatment of income from assets and income from wages and salaries".
Amendments in the bill clarifies the application of revenue and grants legislation for participants of the Queensland Boost to Buy and Commonwealth Help to Buy shared equity programs.
The instrument has the same effect as the five instruments it replaces, with the exception of the variation relating to acquisitions from income tax exempt entities - which it amends the evidentiary requirements.
The Act's provisions for 'Strengthening the foreign resident CGT regime' and 'Tax credits under the foreign resident capital gains withholding regime', commence 1 October 2026.
The bill draws on "established principles" and defines affordability by reference to the lower of 75 percent of market rent or 30 percent of gross household income.
The amendments reduce the disallowance period of the Compensation Scheme of Last Resort special levy instruments, enabling the special levy for the 2026-27 levy period to be made and take effect quicker.
Among the measures in this bill includes a clarification and broadening of the foreign resident CGT tax base by incorporating a definition of 'real property' in the Income Tax Assessment Act 1997 that applies to CGT events.
The legislation removes the requirement for a government law enforcement agency to hold a tax invoice incurred by an employee or agent of theirs when using an assumed name.
Measures for the food donations tax offset were first introduced in July 2024, however the Senate Economics Committee recommended that the Senate not pass the bill and the bill eventually lapsed at end of Parliament.
The longer extension is meant to allow the Government to gather more evidence on the operation of the exemption prior to considering making a change to the primary law.
Bills that implement a loss carry back tax offset, grandfathered negative gearing relationship circumstance protection, News Media Incentive framework, and abolish several "nuisance tariffs" have received Royal Assent.
The amendment extends the original timeframe for the proposed transitional 50 percent CGT discount for certain foreign residents who dispose of Australian renewable energy assets by 10 years.
The bill introduces amendments to set the general rate of customs duty applicable to approximately 500 tariff headings and subheadings to 'Free'.
The amendment, which was introduced to the House of Representatives includes relationship circumstance protections for asset holders with grandfathered negative gearing and capital gains tax discounts.
The bill contains an amendment to prescribe a standardised timeframe of 28 days for making an application to the ART for review of an extension of time refusal decision made by the Commissioner for Taxation.
Legislation outlining HPTI grid matching requirements registered; Strait of Hormuz closure causes biggest rise in import prices in nearly half a decade: ABS
Legislation to establish External Reporting Australia receives Royal Assent; ASIC publishes report on voluntary administration, deed of company arrangement outcomes
Non-significant global entities loss carry back tax offset, make permanent small business $20,000 instant asset write-off bill introduced to Parliament; ATO update: Guide on taxation of permanent establishment in Australia, overseas
Senate committee publishes inquiry report on CGT, negative gearing, income tax adjustments bill; Reduction to fuel excise, Heavy Vehicle Road User Charge extended for another month; ATO update: Wait till ‘pre-fill’ information is available before lodging tax return
Legislation update: CGT, negative gearing, income tax rate adjustments bill passes House
Legislation update: Bill to enhance Director ID regime, close Modernising Business Registers program introduced to parliament
The bill contains amendments to strengthen requirements and enforcement to ensure greater protections against unlawful activities such as illegal phoenix behaviour by linking the Director ID to ASIC's Companies Register.
Legislation update: Bill to simplify and streamline business regulation introduced to Parliament; Productivity Commission opens inquiry on reducing regulatory barriers to business dynamism; New home loan numbers fell in March quarter: ABS
RBA registers regulations to remove merchant card surcharging and reform payments system.
The policy decisions behind the amendments were outlined in the RBA’s Conclusions Paper of the Review of Merchant Card Payment Costs and Surcharging published in March 2026.
Amendments to digital assets regulatory framework, pause on draught beer duties rate indexation receive Royal Assent; ATO update: Update payroll software configuration for super qualifying earnings reporting; Job vacancy numbers rise to highest level since 2024: ABS
The temporary three‑month reduction was done in response to the fuel crisis arising from the Middle East conflict and it is meant to be a targeted, time‑limited measure to provide immediate cost relief to the freight sector.
Road User Charge for taxable fuels reduced to zero for three months from April; RBA to remove merchant card surcharging by October, reform payments system; Legislation update: Amendments to digital assets regulatory framework passes Parliament
ATO advice and guidance; Legislation update: Fuel excise relief Acts pass parliament, receive Royal Assent; Legislation update: Pause on draught beer excise, customs duty rate indexation passes parliament; Legislation update: Digital assets regulatory framework amendments pass parliament; ATO update: Support for businesses struggling with high fuel costs.
Instrument to introduce transitional provisions to AML/CTF amendments registered
Legislation update: Employee super choice, WET producer rebate Act receives Royal Assent; Australia to adopt interim WTO E-Commerce Agreement
Legislation update: Amending rules to Australia’s Domestic Top-up Tax registered; Payday Super regulations referred to Senate Committee for inquiry; OECD publishes economic report on potential challenges from the Middle East conflict.
Legislation update: Amendments to exclude tobacco, gambling from R&D Tax Incentive introduced to Parliament; APRA issues letter on Payday Super implementation readiness for RSE licensees
The two legislations that amend Australia's Anti-Money Laundering and Counter-Terrorism Financing rules includes amendments to improve its effectiveness and introduce exemptions.
Legislation update: Committee recommends amendments to digital assets regulatory framework be passed; APRA to consult on proposed reforms to bank capital, liquidity settings; Final report on strategic examination of Australia’s R&D system published
Legislation update: Division 296 implementation, LISTO amendment Act receive Royal Assent; ATO update: Sham contracting warning signs from TPAR
Legislation update: Government introduces AUSTRAC bill; Regulations registered expanding critical mineral processing tax incentive; Treasury consults on first tranche of payment service providers regulatory draft legislation; Budget Office publishes analysis on cost of property tax breaks; WA Government extends stamp duty concessions eligibility, thresholds
Legislation update: Bills to implement Division 296, amend LISTO pass House; Legislation update: Bill to establish new auditing standard-setting body passes House; Leaders commit to ‘modernising’ Australia-Canada Tax Treaty
Legislation update: Employee super choice, WET producer rebate bill passes House, Senate Committee recommends it pass parliament; ATO update: Public CbC reporting finalised lodgement instructions, guidance released
Legislation update: Bill to establish new auditing standard-setting body introduced to Parliament; Tasmania’s government operating deficit dropped as economic growth moderates
Legislation update: Pause on draught beer excise, customs duty rate indexation passes Lower House; Legislation update: Amendments to digital assets regulatory framework passes House of Representatives; WA Government lowers royalty rate on vanadium products; Australia signs Pillar Two MCAA
Victoria SRO highlights 2025-26 compliance focus areas; Legislation update: Digital assets framework bill introduced; Legislation update: Employee super choice, WET producer rebate bill introduced; Legislation update: Genetic testing protections in life insurance introduced; Electricity costs powered annual CPI rise to October: ABS; ATO update: Combined global and domestic minimum tax return sample forms released
Legislation update: Payday super Acts receive Royal Assent; ATO update: Tips for ensuring effective payroll governance; ATO update: Commissioner’s remedial power on merging superannuation funds
The bills are expected to take pressure off businesses for the price of beer in pubs, clubs and other venues, supporting businesses and regional tourism across Australia.
Legislation update: Beneficial ownership disclosure obligations bill passes House; Payday super bills introduced to parliament; Bill to improve regulation, cut compliance costs introduced to parliament; Legislation introduced to freeze beer excise, custom duty indexation
Legislation update: Payments system modernisation bill receives Royal Assent; Legislation update: NSW bill to extend build-to-rent tax concessions passes parliament; Productivity rises in June quarter, barely more productive than pre-pandemic
Legislation update: NSW bill to extend build-to-rent tax concessions passes Legislative Assembly
ATO registers GST taxation determinations for multimedia products, copyright owners; Business turnover in July records largest rise since 2022, with utilities surging: ABS; US modifies scope of ‘reciprocal tariffs’, framework for implementing trade agreements
Legislation update: Payments system modernisation bill passes parliament; Beneficial ownership disclosure obligations bill introduced; Services spending drove household spending rise in July: ABS; ATO update: Consultation open on taxpayer relief approach, principles
Legislation update: Australia-UAE economic partnership customs bills receive Royal Assent; ATO update: Planned consultations for August to October
Legislation update: Australia-UAE economic partnership customs bills introduced to parliament; APRA to maintain macroprudential policy settings due to household debt, total credit growth; Victoria’s SRO extends consultation on land transfer duty draft revenue ruling; ATO update: Taxpayer alert warns against improper GST refund arrangements; ATO update: Common errors in controlled foreign company disclosures
Legislation amending first home buyer, off-the-plan duty concessions passes WA Parliament; NSW Government to extend BTR tax concession indefinitely; ATO update: Draft instruments related to GST and foreign ownership register released for consultation
Queensland Government passes ‘modern’ trust legislation; PBO releases policy costing on proposed increase of GST registration turnover threshold; PBO releases policy costing on removal of FBT on entertainment expenses provided to staff
WA Government introduces legislation to increase thresholds for property duty concessions; EU member states approve trade countermeasures against United States
Determination introduces ‘affordable dwelling’ BTR requirements; Victoria extends capital raisings liabilities penalty tax amnesty to 30 June; ASIC issues sustainability reporting regulatory guidance; ATO update: Debt deduction creation rules guide released
Legislation update: General, shortfall interest charge bill passes Parliament; Legislation update: Federal Budget income tax reduction bill passes Parliament; ATO update: Lodgement deadline extended for communities affected by Ex-Tropical Cyclone Alfred
Rules to extend CDR to non-bank lending sector registered; US tariffs on Canada and Mexico take effect 4 March
According to the Prime Minister, the Government will consult with the sector on the implementation of this measure.
Queensland passes GP payroll tax exemption, first-home buyer transfer duty relief bill; Federal Government plans to increase alcohol manufacturer tax incentives; Legislation update: Legislative instruments related to PTR, DGR community charities, ASEAN-Australia-NZ free trade registered; Audit Office publishes assessment of ATO’s AI governance framework; ATO update: Eligibility and claim process of critical mineral, hydrogen production tax incentives; ATO update: Payday Super reform consultation key topics; United States seeks public comments on foreign trade practices
Commercial Broadcasting Tax gets one-year suspension
Legislation update: BTR, public CbC reporting, Pillar Two instruments tabled for scrutiny; Federal Government to ban foreign investor established housing purchases, crackdown on land banking; ASIC updates regulatory guidance on applications for relief, no-action letters; ATO update: ATO’s updates practice statement on refund discretion
Northern Territory Legislative Assembly passes payroll tax amendments; Queensland parliamentary committee recommends passage of GP payroll tax exemption bill; Parliamentary committee releases report on UAE trade agreement inquiry
Legislation update: Production tax incentive bill passes Senate; ASIC consults on regulatory guidance for new BNPL laws; ATO update: Upcoming changes to 2025 RTP schedule; Utilities’ business turnover spikes in December, close to record highs: ABS; UN Convention on International Tax Cooperation – recent developments
Minister for Small Business Julie Collins says that franchisors will have a grace period, until 1 November 2025, to comply with new requirements for franchise agreements and disclosure documents.
Legislation update: Consolidated Entity Disclosure bill passes parliament; Legislation update: Commonwealth entities payment surcharge bills pass parliament; Legislation update: Future made in Australia bills pass parliament; Legislation update: Bill to streamline small business tax obligations passes parliament; Legislation update: Mergers and acquisitions reform bill passes House; Legislation update: Reserve Bank Reforms bill passes parliament; Legislation update: BNPL, CbC reporting, instant asset write-off bill passes parliament; Legislation update: Production tax incentive bills pass House; Legislation update: General, shortfall interest charge bill introduced; ATO consults on ‘certain transaction’ exemptions for EDP operator reporting requirements
The amendments made in the Senate, and agreed to by the House of Representatives, relate to RBA's independence.
Legislation update: BEPS Pillar Two bills pass parliament; Legislation update: Help to buy bills pass Senate; Legislation update: Modernising Business Registers bill introduced; Northern Territory 2024-25 Mid-Year Report published; Western Australia waives certain fees to support lithium miners; APRA, ASIC issue observations on banking industry’s FAR implementation
APRA's decision took into account Australia’s high household indebtedness and a pick-up in credit growth, persistent cost-of-living pressures, a weakening jobs market, and heightened geopolitical risks.
Legislation update: Production tax incentive bills introduced; Legislation update: Commonwealth entities payment surcharge bills introduced; ASIC details regulatory guides update schedule for 2025; APRA maintains current macroprudential policy settings due to macroeconomic conditions
Legislation update: Mergers and acquisitions reform bill passes House; Consultation opens on the implementation of crypto asset reporting framework; Government to reform retirement phase of superannuation; NSW amendment bill addressing CCIVs-related land tax treatment passes parliament; Total wages paid hit all-time September high: ABS
The Committee says the Bill is "one of the most significant reforms to Australian competition policy and merger settings in almost 50 years".
Senate Committee recommends passage of mergers and acquisitions bill; Senate Committee recommends food donations to charitable organisations incentive bill not be passed in current form; ATO update: Four key reporting areas for the medium and emerging private group
Senate Committee releases report on bill to streamline small business tax obligations; ASIC registers amendment to allow use of website disclosure information for financial product dealings; TPB consults on draft policy guidance on new 2024 Code of Professional Conduct obligations; High Court special leave application refused in SingTel case; NT Government announces payroll tax changes for 2025; Amendment bill addressing CCIVs-related land tax treatment passes NSW Legislative Assembly; ASIC publishes updated guidance on resignation, removal, replacement of auditors;
Regulations to expand whistleblower information sharing to tax regulators registered; Administrative Review Tribunal commences operations; ATO update: 90 percent of tax avoidance tip-offs found ‘suitable for further investigation’
The bill seeks to introduce a requirement for certain acquisitions of shares or assets and establish a new administrative system to undertake an economic and legal assessment.
According to ASIC, the amending instrument is meant to extend the relief to facilitate further work on a permanent framework for the regulation of these funds.
The remade APS 117 will remain effective for a six-month period until a new version of APS 117 introduces changes that will take effect on 1 October 2025.
Legislation update: Paid Parental Leave super contribution bill passes Parliament; ASIC outlines ‘pragmatic’ approach to supervision of climate-related financial disclosure reporting; Jurisdictions sign multilateral convention implementing Pillar Two subject to tax rule
Treasury also announced the launch of the PTR Register that comes with "new functionality and better accessibility to assess big businesses' payment data to their small business suppliers".
Legislation update: Anti-money laundering bill introduced to Parliament; Legislation update: Bill to streamline small business tax obligations introduced; Legislation update: Commonwealth penalty unit increase commencement to be delayed; Legislation update: UK Trans-Pacific Partnership customs tariff amendment introduced; Queensland passes ‘coal royalty rate floor’ legislation
The bill seeks to reduce the administrative burden for employers and allow amendments to be made to the assessments of small and medium business taxpayers.
Legislation update: Future made in Australia bills pass House; Legislation update: Climate-related financial disclosures bill passes parliament; Government introduces transitional approach to new tax professional obligations; Australia signs tax treaty with Slovenia; Final report on Statutory Review of the Meetings and Documents Amendments released; Business turnover rebounds in July on rises in logistics and professional services: ABS
Senate Economics Committee publishes report on build-to-rent bills; Revenue NSW issues practice note on GP payroll tax rebate and exemption
Legislation update: BEPS Pillar Two bills pass House of Representatives; Legislation update: Bill introduced to add superannuation contribution to paid parental leave scheme; WA Government increases first homeowner duty concessions
Legislation update: Bill to allow Consumer Data Right ‘action initiation’ passes parliament; OECD releases transfer pricing framework for lithium.
