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Government announces changes to Private and Public Ancillary Funds (Giving Funds)

05/03/2026

The government will increase the minimum annual distribution rate while allowing funds to smooth distributions over a three-year period. The Federal Government has announced significant reforms to the regulation of Private Ancillary Funds (PAFs) and Public Ancillary Funds (PuAFs) as part of its broader objective to increase philanthropic giving in Australia. These changes flow from […]

Payday Super Regulations released: What employers need to know and why early action matters

04/03/2026

The Australian Government has released the Treasury Laws Amendment (Payday Superannuation) Regulations 2026, with two important changes for employers. Coming into effect from 1 July 2026, there will be an administrative uplift that rewards early action, and a much more limited power for the Commissioner to extend deadlines. The Treasury Laws Amendment (Payday Superannuation) Regulations […]

Full Federal Court denies deductions for transactions between related parties

03/03/2026

The Full Federal Court has ruled in favour of the Australian Taxation Office (ATO), disallowing deductions for transactions between related parties which were not documented adequately. In Commissioner of Taxation v S.N.A Group Pty Ltd [2026] FCAFC 10 a group of entities collectively referred to as the S.N.A Group carried on real estate businesses. The […]

Enhancing safeguards & governance in the managed investment scheme sector

23/02/2026

Treasury has released a consultation paper outlining wide-ranging proposals to strengthen governance and oversight across Australia’s $2 trillion registered managed investment scheme (MIS) sector. The proposed reforms would materially reshape MIS governance, introducing higher compliance standards, greater board independence, reduced related party risk, and increased regulatory visibility to enhance accountability and investor protection. The proposals […]

Payday Super is coming for hospitality & gaming: Are your payroll and rostering systems ready for 1 July 2026?

16/02/2026

From 1 July 2026, ‘Payday Super’ is set to replace quarterly super with a payday-by-payday model, meaning super must be paid on payday and received by the fund within 7 business days, with a longer timeframe in specific ‘new fund’ or ‘new employee’ situations. The legislation was passed by both Houses on 4 November 2025, […]

Australia signs the information exchange for GloBE Information Return (GIR) 

11/02/2026

On 28 January 2026, Australia reached an important milestone in its implementation of Pillar Two by becoming a signatory to the Multilateral Competent Authority Agreement (MCAA) on the exchange of GloBE Information Return (GIR). As a result, once a GIR is lodged in Australia, it does not need to be re-lodged in other signatory jurisdictions. […]

Loss of main residence exemption in deceased estates & right to occupy

09/02/2026

The ATO have issued draft tax determination TD 2026/D1, providing their view on what it means for an individual to have the ‘right to occupy the dwelling’ under the deceased’s will. What the draft determination covers Draft taxation determination (TD 2026/D1) outlines the Australian Tax Office’s (ATO’s) view on the meaning of right to occupy […]

ATO expands Reportable Tax Positions Schedule to large super funds and CIVs

06/02/2026

Through a published update, the Australian Taxation Office (ATO) has indicated they will expand the Reportable Tax Positions (RTP) Schedule obligations to include large super funds and Collective Investment Vehicles (CIVs). This will increase the compliance burden for large super funds and managed funds.     Impacted taxpayers   From the 2026 income tax year and onwards, it is anticipated that groups with the following super funds or managed funds […]

Navigating Victoria’s 2026 land tax environment

05/02/2026

As 2026 begins, Victorian property owners need to know several important state tax updates. This includes the new short-stay accommodation levy, expanded vacant residential land tax (VRLT) rules, notification requirements for absentee (foreign) owners, and a heightened compliance focus from the State Revenue Office (SRO). With 2026 land tax assessments just around the corner, these […]

Developing trouble: ATO Alert on related party development management agreements

15/01/2026

The Australian Taxation Office (ATO) has issued Taxpayer Alert TA 2026/1, signalling increased scrutiny of common property development management agreement structures, which will substantially impact property developers. The Alert raises the ATO’s concerns about certain property development management agreements. These typical arrangements are used by taxpayers to segregate the development risks from the land-owning entity. […]