News in brief… 28 April 2026

Commissioner’s appeal allowed in Toowoomba Regional Council tax dispute; Senate committee releases report on inquiry into new auditing standard-setting body bill; Federal Government responds to committee recommendations on instant asset write-off legislation; Report on independent review of Australia’s sovereign debt manager released; ATO update: Work-related deductions, omitted income errors under focus this tax time; Tax wedge rose in majority of OECD countries for four consecutive years

Commissioner's appeal allowed in Toowoomba Regional Council tax dispute The Full Federal Court has allowed the Commissioner of Taxation's appeal in Toowoomba Regional Council v Commissioner of Taxation [2026] FCAFC 50. The appeal arose from the Federal Court's decision in Toowoomba Regional Council [2025]FCA 161, where the Council succeeded in its dispute with the Commissioner over the fringe benefits tax treatment of car parking spaces that it made available to employees. The Commissioner...

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Published Date: 28 April 2026