Changes to Australia’s negative gearing rules have now been enacted, including important exemptions for certain property ownership transfers.
The revised rules apply to individuals who...Read MoreRead More
Australian trustees of closely held trusts should be aware of an important change to TFN reporting requirements from 1 July 2026.
What changed?
Up to 30 June 2026, trustees of closely...Read MoreRead More
AI and Privacy: What Australian Businesses Need to Know
From 10 December, entities covered by the Australian Privacy Principles (APPs) will have additional privacy policy obligations if ...Read MoreRead More
The Australian Taxation Office (ATO) has confirmed that the Division 7A benchmark interest rate for the 2026–27 income year (year ending 30 June 2027) is 8.77%, up from 8.37% for the 2025...Read MoreRead More
Tax Time 2026: 7 Common Tax Return Mistakes That Could Cost You Money
Every tax season, thousands of Australians either miss out on legitimate deductions or receive unexpected enquiries ...Read MoreRead More
The Australian Taxation Office (ATO) has released Taxation Determination TD 2026/4, setting out the reasonable travel and overtime meal allowance expense amounts for the 2026–27 income ye...Read MoreRead More
The Australian Taxation Office (ATO) has released a draft practical compliance guideline, Draft PCG 2026/D3, introducing its proposed compliance approach for businesses that choose to use t...Read MoreRead More
From 1 July 2026, the value of a Commonwealth penalty unit will increase, resulting in higher monetary penalties across a wide range of Commonwealth laws.
The change is set out in the Cr...Read MoreRead More
Australian Taxation Office (ATO) has now released its Decision Impact Statement (DIS) following the High Court's landmark decision in the Bendel case. The statement explains how the AT...Read MoreRead More
For 2026–27, GST credits and depreciation on motor vehicles are limited by the ATO car limit rules.
GST creditsIf a vehicle is purchased above the car limit, the maximum GST credit is ...Read MoreRead More
