News in brief…29 May 2026

ATO advice and guidance; Government publishes Homes for Australia framework, consults on housing supply regulation; Flight cancellations, scaling back of travel drove down April household spending: ABS

ATO advice and guidance With the Australian Taxation Office's (ATO) Diverted Profits Tax (DPT) specialist team to formally cease by the end of the financial year, the ATO has released an update to a practical compliance guideline, along with additional updates to several law administration practice statements. In addition to that, the ATO has also released a draft legislative instrument for consultation. Practical Compliance Guideline PCG 2018/5 Diverted profits tax This Guideline sets...

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Published Date: 29 May 2026