News in brief… 3 June 2026

ATO advice and guidance; Legislation update: Amendments to exclude tobacco, gambling from R&D Tax Incentive pass Lower House; Australia records first trade deficit in nearly a decade as mining exports fall, AI infrastructure imports rise: ABS

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Wednesday 3 June 2026, which includes two class rulings. Class rulings CR 2026/30 FireFly Metals Ltd – reduction of share capital CR 2026/31 Suncorp Group Limited – Suncorp Wholesale Capital Notes 1 More ATO advice and guidance can be found on KPMG Tax Now under ATO rulings, guidance & updates. Legislation update: Amendments to exclude tobacco, gambling from R&am...

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Published Date: 03 June 2026