Latest announcements
- Standard deduction for work-related expenses
- Tax Reform – making tax simpler for businesses – Dynamic Pay as you go instalments (PAYGI)
- Global anti-base erosion rules (Pillar Two) side-by-side package implementation
- Electric Car Discount – more sustainable fringe benefits tax treatment of electric cars
- Tax Reform – loss refundability reforms for businesses and start-ups
- Strengthening the Foreign Resident Capital Gains Regime – transitional arrangements
- Foreign Investment – extending the ban on foreign purchases of established dwellings
- Tax Reform – expanding venture capital incentives
- Tax Reform – better targeting the Research and Development Tax Incentive
- Tax Reform – introducing a minimum tax on discretionary trusts
- Tax Reform – Boosting Home Ownership – Reforming negative gearing and capital gains tax
Budget 2026–27
The government handed down the 2026–27 Budget on 12 May 2026, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).
|
Measure name |
Proposed start date |
Developments |
|---|---|---|
|
Addressing systems abuse in the child support scheme |
Various |
TBD |
|
Boosting Productivity – Accelerating Approvals: Further reforms to streamline and strengthen the foreign investment framework |
Various |
TBD |
|
Boosting Productivity – Better Regulation: Consumer Data Right |
N/A |
N/A |
|
Boosting Productivity – Better Regulation: Uplifting ABN authentication |
Various |
N/A |
|
Boosting Productivity – Better Regulation: Uplifting the ABN and Superfund Lookup Services |
N/A |
N/A |
|
Boosting Productivity – Digital ID |
1 July 2026 |
N/A |
|
Combatting Illicit Tobacco |
Royal Assent |
TBD |
|
Electric Car Discount – more sustainable fringe benefits tax treatment of electric cars |
1 April 2027 |
TBD |
|
Enhancing Pacific engagement |
1 July 2025 |
TBD |
|
Foreign Investment – extending the ban on foreign purchases of established dwellings |
1 April 2027 |
TBD |
|
Global anti-base erosion rules (Pillar Two) side-by-side package implementation |
1 January 2026 |
TBD |
|
Modernising Private Health |
1 April 2027 |
TBD |
|
Personal Income Tax – increasing the Medicare levy low-income thresholds |
1 July 2025 |
TBD |
|
Protecting the tax system against fraud – Counter fraud phase 2 |
1 July 2026 |
N/A |
|
Protecting the tax system against fraud – Law reform to tackle fraud |
Royal Assent |
TBD |
|
Securing the National Disability Insurance Scheme for Future Generations – Fraud Fusion Taskforce |
1 July 2026 |
N/A |
|
Strengthening the Foreign Resident Capital Gains Regime – transitional arrangements |
First quarter following Royal Assent |
TBD |
|
Supporting Philanthropy – Deductible Gift Recipients |
Various |
TBD |
|
Taking pressure off Australians – temporary reduction of fuel excise and heavy vehicle road user charge |
1 April 2026 |
TBD |
|
Tax Reform – better targeting the Research and Development Tax Incentive |
1 July 2028 |
TBD |
|
Tax Reform – Boosting Home Ownership – Reforming negative gearing and capital gains tax |
1 July 2027 |
TBD |
|
Tax Reform – cutting taxes with a Working Australians Tax Offset |
1 July 2027 |
TBD |
|
Tax Reform – expanding venture capital incentives |
1 July 2027 |
TBD |
|
Tax Reform – introducing a $1,000 Instant Tax Deduction |
1 July 2026 |
TBD |
|
Tax Reform – introducing a minimum tax on discretionary trusts |
Various |
TBD |
|
Tax Reform – loss refundability reforms for businesses and start-ups – Tax Loss Carry-back |
1 July 2026 |
TBD |
|
Tax Reform – loss refundability reforms for businesses and start-ups |
1 July 2028 |
TBD |
|
Tax Reform – making tax simpler for businesses – Instant Asset Write-Off |
1 July 2026 |
TBD |
|
Tax Reform – making tax simpler for businesses – Dynamic Pay as you go instalments (PAYGI) |
1 July 2027 |
TBD |
MYEFO 2025–26
The government handed down the 2025–26 MYEFO on 17 December 2025, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).
|
Measure name |
Proposed start date |
Developments |
|---|---|---|
|
International Tax – tax treaties with Ukraine and the Republic of Croatia |
TBA |
TBA |
|
OECD Crypto Asset Reporting Framework (CARF) and domestic reporting |
1 January 2027 |
TBA |
|
Superannuation reforms – Boosting the Low Income Superannuation Tax Offset (LISTO) |
1 July 2027 |
Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026External Link Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026External Link Royal Assent 13 March 2026 |
|
Superannuation reforms – practical changes to Better Targeted Superannuation Concessions (BTSC) |
1 July 2026 |
Treasury Laws Amendment (Building a Stronger and Fairer Super System) Act 2026External Link Superannuation (Building a Stronger and Fairer Super System) Imposition Act 2026External Link Royal Assent 13 March 2026 |
|
Supporting International Sporting Events |
1 July 2025 |
TBA |
|
Supporting Philanthropy |
Various |
Various |
|
Treasury Portfolio - additional funding: Director identification number linking and decommissioning of Business Registration Service |
Various |
TBA |
|
Treasury Portfolio - additional funding: Winding down Australia’s cheques system |
NA |
TBA |