News in brief…28 May 2026

ATO advice and guidance; Legislation update: CGT, negative gearing, income tax rate adjustments bill introduced; Legislation update: Bill to abolish ‘nuisance tariffs’ introduced to Parliament; APRA maintains macroprudential policy settings amidst ‘high degree of uncertainty’

ATO advice and guidance The Australian Taxation Office (ATO) released its latest advice and guidance on Thursday 28 May 2026, which includes an update to a law administration practice statement regarding diverted profits tax assessments. Law Administration Practice Statement - update PS LA 2017/2 Diverted profits tax assessments Given the passage of time since the introduction of the Diverted Profits Tax (DPT) in the 2016-17 Federal Budget, case teams are familiar with the DPT and how t...

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Published Date: 28 May 2026