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Pillar Two in year 2 & what's different from year 1

08/09/2026

For many multinational enterprise (MNE) groups, the first year of Pillar Two compliance (typically the year ended 31 December 2024) was largely a transition exercise. While most MNE groups spent considerable time understanding the rules, establishing governance processes, and assessing the availability of the Transitional CbCR Safe Harbour (TCSH), the practical compliance burden was often […]

Treasury releases exposure draft on the 30% minimum tax on discretionary trusts

07/09/2026

The Federal Government has released exposure draft legislation to implement its proposed 30% minimum tax on discretionary trusts, announced in the 2026-27 Federal Budget. The package includes three interconnected measures: The draft provisions represent one of the most significant trust taxation reforms in decades and will require many family groups to assess whether their existing […]

The ATO’s draft tax guidance on crypto airdrops & wrapping

03/09/2026

The Australian Taxation Office (ATO) has released Draft Taxation Ruling TR 2026/D1 and Draft Taxation Determination TD 2026/D2, setting out its preliminary views on the income tax treatment of crypto asset airdrops and the capital gains tax (CGT) consequences of wrapping and unwrapping crypto assets. The draft guidance may affect crypto asset businesses, investors, and […]

ASIC confirms indexation of the net tangible asset requirement

31/08/2026

Australian Securities and Investments Commission (ASIC) has confirmed it will increase the net tangible assets (NTA) requirements for responsible entities of registered managed investment schemes, operators of investor directed portfolio services (IDPS), and corporate directors of retail corporate collective investment vehicles (CCIVs). The revised thresholds will be effective from 1 July 2027. What is changing […]

ACNC's 2026–27 focus areas & what Boards & CFOs should be across

28/08/2026

The Australian Charities and Not-for-profits Commission (ACNC) has set out where it will be looking this year, and both priorities land directly on the Board’s table. The regulator has named two areas of focus for 2026–27, those being: Neither is new territory for a well-run charity, but both are worth a proper look before the […]

Discretion advised on the 30% trust tax, $10m CGT lifeline & startup sweeteners

24/08/2026

The Federal Government has released further detail on its tax reform package, providing greater clarity on measures affecting small businesses, startups, and trust structures. These updates provide further clarity on the 2026–27 Federal Budget reforms, outlining how key measures will operate in practice, as set out in the Government’s tax reform implementation announcement and legislated […]

Horizon Europe audits explained & what universities need to know

14/08/2026

Australia and New Zealand’s association with Horizon Europe is expected to create significant new opportunities for universities and research institutions to access European research funding. Horizon Europe works on a 7-year cycle. Framework Program 9 (FP9) is the current version, running from 2021-2027. As institutions either conclude FP9 or look to begin participating in Horizon […]

Research income & research funding assurance

14/08/2026

For many universities, the Higher Education Research Data Collection (HERDC) is treated as an annual compliance task. It is far more than that. HERDC determines each institution’s share of the Commonwealth’s research block grant pool, $2.37bn allocated across 42 providers in 2026 through the Research Support Program and Research Training Program, and every return must […]

The scam that made an Australian company pay twice

11/08/2026

In 2022, an electrical contractor completed works on a Rio Tinto project and invoiced the head contractor around $235,000. Before payment was made, a fraudster who had hacked the contractor’s email sent through ‘updated’ bank details. The paying company was suspicious, it even tried to call to verify, but when the phone line was poor, […]

Fraud in higher education: Why Australia's universities & higher education providers are a prime target

11/08/2026

Australia’s higher education sector is one of the nation’s largest export earners, contributing around $51.5bn annually and educating 1.68 million students across 42 universities. But the same features that make it valuable such as vast personal data holdings, heavy reliance on international fee revenue, decentralised procurement, and a culture built on trust also make it […]