Latest news on tax and superannuation law and policy

Australian Universities Accord – tertiary education system reforms

1 June 23

Universities Accord (Student Support and Other Measures) Act 2024Opens in a new window

Royal Assent 5 December 2024

Child Care Subsidy Reform – further measures for strong and sustainable foundations

1 April 25

N/A

Cyber Security of Regulators and Improving Registers

March 25

N/A

Debts on hold

Unknown

TBA

Deductible gift recipients specific listings

Various

TBA

Deferral of start date for Expanding the general anti-avoidance rule in the income tax law (Part IVA)

Royal assent

TBA

Deferral of start date for Streamlining Excise – bunker fuels

1 July 2024 or royal assent

Excise and Customs Legislation Amendment (Streamlining Administration) Act 2024Opens in a new window

Royal assent 28 June 2024

Digital Identity

1 July 24

N/A

Employment Services Reform

1 July 24

N/A

Fighting Scams – eInvoicing

1 July 24

N/A

Funded Paid Parental Leave – enhancement

1 July 25

Paid Parental Leave Amendment (Adding Superannuation for a More Secure Retirement) Act 2024Opens in a new window

Royal Assent 1 October 2024

Future Made in Australia – Making Australia a Renewable Energy Superpower – Critical Minerals Production tax incentive

1 July 27

Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024Opens in a new window

Introduced 25 November 2024

Future Made in Australia – Making Australia a Renewable Energy Superpower Hydrogen Production tax credit

1 July 27

Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024Opens in a new window

Introduced 25 November 2024

Future Made in Australia – Strengthening Approvals Processes

Various

N/A

Housing Support: allowing foreign investors to purchase established Build to Rent developments

7:30pm, 14 May 2024

N/A

Migration system reforms

1 July 24

N/A

National Disability Insurance Scheme – getting the NDIS back on track

TBD

N/A

New Royalty Penalty

1 July 26

TBA

Parliamentary amendments for Thin Capitalisation

1 July 23

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2023Opens in a new window

Royal assent 8 April 2024

Personal Income Tax – Cost of Living – increasing the Medicare levy low-income thresholds

1 July 23

Treasury Laws Amendment (Cost of Living-Medicare Levy) Act 2024Opens in a new window

Royal assent 5 March 2024

Personal Income Tax – Cost of Living Tax Cuts

1 July 24

Treasury Laws Amendment (Cost of Living Tax Cuts) Act 2024Opens in a new window

Royal assent 5 March 2024

Regulatory Initiatives Grid (RIG)

Late 2024

N/A

Revive – National Cultural Policy

TBD

TBA

Rugby World Cup Limited – tax exemption

1 July 23

TBA

Small Business Support – $20,000 instant asset write-off

1 July 24

TBA

Strengthening Tax Compliance – extending the Personal Income Tax Compliance Program

1 July 27

N/A

Strengthening Tax Compliance – extending the Shadow Economy Compliance Program

1 July 26

N/A

Strengthening Tax Compliance – extending the Tax Avoidance Taskforce

1 July 26

N/A

Strengthening Tax Compliance: Australian Taxation Office Counter Fraud Strategy

1 July 24

N/A

Strengthening Tax Compliance: Extending the ATO’s retention framework for BAS refund from 14 to 30 days

1 July after royal assent

Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024Opens in a new window

Introduced 28 November 2024

Strengthening the foreign resident capital gains tax regime (Div 855)

1 July 2025

TBA

Amendments to existing measures for discontinuing the Black Economy – strengthening the Australian Business Number

N/A

No longer proceeding

Discontinue MNE Tax Avoidance Package – intangibles and royalties

N/A

No longer proceeding

2023–30 Australian Cyber Security Strategy

N/A

N/A

Access to offenders' superannuation

1 December 2025

TBA

Better Targeted Superannuation Concessions

1 July 2025

Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill 2023Opens in a new window

Superannuation (Better Targeted Superannuation Concessions) Imposition Bill 2023Opens in a new window

Introduced 30 November 2023

Combatting the Shadow Economy

1 January 2024

N/A

Commonwealth Penalty Unit – increase in value

4 weeks after royal assent

Crimes and Other Legislation Amendment (Omnibus No. 1) Act 2024Opens in a new window

Royal Assent 24 October 2024

Ceasing the Modernising Business Registers Program

28 August 2023

N/A

Delivering Better Financial Outcomes Package – advisor fees from superannuation

Royal assent

Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill 2024Opens in a new window

Royal Assent 9 July 2024

Denying deductions for ATO interest charges

1 July 2025

Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024Opens in a new window

Introduced 28 November 2024

Digital Identity – myGovID rebrand

Early 2024

Digital ID Act 2024Opens in a new window

Royal assent 30 May 2024

Foreign Investment – lower fees for Build to Rent projects

1 July 2024

N/A

Foreign Investment – raising fees for established dwellings

1 July 2024

Treasury Laws Amendment (Foreign Investment) Act 2024Opens in a new window

Foreign Acquisitions and Takeovers Fees Imposition Amendment Act 2024Opens in a new window

Royal assent 8 April 2024

Federal Administrative Review Body

TBD

Administrative Review Tribunal (Consequential and Transitional Provisions No. 1) Act 2023Opens in a new window

Royal assent 31 May 2024

Future of Shared Services

N/A

N/A

Improving the integrity of off-market share buy-backs

18 November 2022

Treasury Laws Amendment (2023 Measures No. 1) Act 2023Opens in a new window

Royal assent 27 November 2023

Increasing the integrity of the foreign resident capital gains withholding regime

1 January 2025

Treasury Laws Amendment (2024 Tax and Other Measures No. 1) Act 2024Opens in a new window

Royal Assent 10 December 2024

Luxury Car Tax – modernising the luxury car tax for fuel-efficient vehicles

1 July 2025

Treasury Laws Amendment (Tax Incentives and Integrity) Bill 2024Opens in a new window

Introduced 28 November 2024

Modernising and expanding Australia's tax treaty network

1 July 2024

TBA

Modernising MyGov

N/A

N/A

Multinational Tax Integrity Package – improved tax transparency

1 July 2024

Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024Opens in a new window

Capital Works (Build to Rent Misuse Tax) Act 2024Opens in a new window

Royal Assent 10 December 2024

National Cultural Policy – additional support

1 July 2024

Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024Opens in a new window

Royal Assent 9 July 2024

Philanthropy – updates to the list of specifically listed deductible gift recipients

30 June 2024

TBA

Reforming the treatment of the transfer balance cap for successor fund transfers

1 July 2017

TBA

Responding to the PricewaterhouseCoopers matter

TBC

Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024Opens in a new window

Royal assent 31 May 2024

Superannuation Portability Scheme with the Cook Islands

1 July 2025

TBA

Tax integrity – franked distributions funded by capital raisings

Royal assent

Treasury Laws Amendment (2023 Measures No. 1) Act 2023Opens in a new window

Royal assent 27 November 2023

Tax Integrity Package – denying deductions for payments relating to intangibles held in low-or no-tax jurisdictions

N/A

No longer proceeding

REVERSAL: Streamlining excise administration for fuel and alcohol package – Uniform Business Experience

N/A

No longer proceeding

REVERSAL: Superannuation account matching service (Employment White Paper)

N/A

No longer proceeding