News in brief…24 July 2026

ATO advice and guidance; Treasury publishes report on the innovation outcome from competition; TPB publishes guidance on use of AI in tax agent services; ATO update: Advantages of monthly GST reporting; US imposes 12.5 percent tariff on Australian goods over forced labour import concerns

ATO advice and guidance The Australian Taxation Office (ATO) has released two addenda related to private rulings and shortfall interest charge, a withdrawal, four legislative instruments, two class rulings, and a product ruling. Addendum TR 2006/11 Private rulings This taxation ruling outlines the system of private rulings following the enactment of the Tax Laws Amendment (Improvements to Self Assessment) Act (No. 2) 2005. The addendum addresses recent developments in case law and the pr...

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Published Date: 24 July 2026