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New 50% CGT discount proposed for investments in innovative start-ups

21/09/2026

Treasury has released draft legislation that will preserve the 50% CGT discount for eligible investments in innovative Australian start-ups for CGT events occurring on or after 1 July 2027. Background Following Royal Assent of the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 on 26 June 2026, from 1 July 2027 the 50% capital […]

Trust in the detail, part two: SW responds to the minimum tax trust exposure draft

18/09/2026

SW has made a further submission to Treasury (read here) on the exposure draft legislation for the 30% minimum tax on discretionary trusts, calling for a workable fixed trust definition, a more flexible election regime, and rollover relief that does not come at the cost of State duty. Introduction On 3 September 2026 the Government […]

What the ATO’s finalised software royalties ruling & draft guidance means for businesses

11/09/2026

The Australian Taxation Office (ATO) recently issued TR 2026/2, which sets out its view on when payments relating to software and intellectual property rights may constitute royalties for Australian tax purposes. At the same time, the ATO released draft PCG 2026/D4, which provides a practical compliance framework to help taxpayers assess the ATO’s likely level […]

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 […]