From the Regulator FTC calculator The ATO updated its Business Activity Statement (BAS) fuel tax credit (FTC) calculator to reflect the new FTC rates due to the temporary fuel excise reduction. The reduction was made to the fuel excise on petrol and diesel by 60.9%...
From the Government Tax reform legislation passed Treasury Laws Amendment (Tax Reform No. 1) Bill 2026 and the Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 received Royal Assent on 26 June 2026, and are now law. This means that the replacement of the CGT...
The end of the financial year is approaching fast, and now is the right time for SMSF members and trustees to re-check their fund. Taking a few things into account before 30 June can help avoid problems later and ensure you don’t miss valuable tax and contribution...
RBA to Ban Card Payment Surcharges from October 2026 The Reserve Bank of Australia (RBA) has confirmed that from 1 October 2026, businesses will no longer be allowed to charge surcharges on credit and debit card payments made through EFTPOS, Mastercard, Visa, and...
The Government has announced that the FBT concession on EVs will be progressively reduced. This change is a response to the recommendations made in the Statutory Review of the Electric Car Discount, which was released in May 2026. The change will continue to encourage...
The 2026-27 Federal Budget, announced on 12 May 2026, has attracted attention because it includes major proposed changes to negative gearing, discretionary trusts, and capital gains tax (CGT). These changes could impact business owners, property investors, and...
2026-27 Federal Budget - Strengthening the Foreign Resident CGT regime - transitional arrangements Strengthening the Foreign Resident CGT Regime As part of the 2026–27 Budget, the Government will amend tax laws to give a time-limited concession for foreign investors...
2026-27 Federal Budget - Electric car discount More Sustainable FBT Treatment of Electric Cars From 1 April 2029, all electric cars valued up to the fuel-efficient luxury car tax threshold will get a permanent 25% FBT discount, applied through a 15% rate in the FBT...
2026-27 Federal Budget - Loss carry back for some companies and loss refundability for small start-up companies Loss carry back From 1 July 2026, companies with global turnover under $1 billion will be able to carry back revenue tax losses and offset them against tax...
2026-27 Federal Budget - Making tax simpler for small and medium businesses The Government will amend the tax law to streamline the tax system for small and medium-sized businesses in relation to assets and PAYG instalments as set out below: Instant asset write-off...