Software Royalties  The ATO has finalised TR 2026/2, which clarifies when payments under software intermediation arrangements are treated as a royalty under section 6(1) of the ITAA 1936 and are liable for withholding tax. The ruling emphasises cross-border payments...

Super for sportspeople, performers, filmmakers and related activities  The ATO has updated its website guidance on SG obligations for payments made to filmmakers, performers, sportpeople, and others involved in similar activities. When you pay an employee, the SG...

30% Minimum Tax for Discretionary Trusts Treasury has released draft legislation for a 30% minimum tax on discretionary trusts to be introduced from 1 July 2028.  The draft covers: An explanation of how the 30% minimum tax will work. Trusts and income that are...

On 2 July 2026, the Government introduced the Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026. Key measures include: Schedule 1: Changes the Tax Agent Services Act 2009 to give the Tax Practitioners Board...

Transfer balance cap The ATO has released an addendum to LCR 2016/9 to: Further explain how proportional indexation applies to the transfer balance cap and superannuation income streams that are subject to a commutation authority. Clarify how general principles apply...

TPB guidance on the use of AI The Tax Practitioners Board (TPB) has released guidance to help tax practitioners understand their obligations under the TASA Code when using AI to provide tax agent services. The TPB recognises that, when used in the right way, AI can...

Consultation on discretionary trust reform The Treasury has released a consultation paper on the proposed 30% minimum tax on discretionary trusts, which was announced in the 2026-27 Federal Budget. The proposed measure will introduce a 30% minimum tax on discretionary...

Treasury Laws Amendment (Tax Reform No. 1) Bill 2026  Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 The Treasury Laws Amendment Bill 2026 and the Income Tax Rates Amendment Bill 2026 have passed both Houses of Parliament, with several amendments, and have...

Reasonable travel and overtime meal allowance amounts for 2026-27 TD 2026/4 has been released by the ATO, which sets out the amounts that it considers reasonable for the 2026-27 income year in respect of the substantiation exception for overtime meal allowance...