News in brief… 3 November 2025

ATO advice and guidance; ATO update: Draft instructions to complete Public CbC report; Legislation update: Instant asset write-off, beneficial ownership bill referred to Senate Committee; Government announces review of Enhanced Regulatory Sandbox; ASIC publishes financial report, audit surveillances FY2024-25 findings; Tasmanian Government releases Treasurer’s Annual Financial Report for 2024-25;

ATO advice and guidance The Australian Taxation Office (ATO) has released for consultation. five draft legislative instruments. Draft legislative instruments LI 2025/D18 Taxation Administration (PAYG Withholding Variation for Certain Insurance and Compensation Payments When an ABN is not Quoted) Legislative Instrument 2026This instrument varies the amount a payer must withhold from certain insurance and compensation payments to nil, where the payee has not quoted their Australian busines...

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Published Date: 03 November 2025