News in brief…27 May 2026

ATO advice and guidance; Draft legislation on hydrogen producer tax incentive grid matching released for consultation; Nearly three-quarters of businesses negatively affected by Strait of Hormuz closure: ABS; ATO update: Private capital program details published; ATO update: GIR exchange, side-by-side updates added to Pillar Two implementation guide

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Wednesday 27 May 2026, which includes a draft law administration practice statement, two decision impact statements, two class rulings, a product ruling and three withdrawals. Draft Law Administration Practice Statement PS LA 2026/D3 Payday Super: exceptional circumstances determinations This draft Practice Statement provides instructions to ATO staff about when the Commissioner may m...

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Published Date: 27 May 2026