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  • Latest news on tax law and policy

    This section provides details of proposed changes to tax and superannuation legislation and policy, and how the ATO proposes to administer the changes.

    2017-18 Mid-Year Economic and Fiscal Outlook (MYEFO)

    The Government released the 2017–18 MYEFO on 18 December 2017, with several proposed changes to tax and superannuation laws. Below is a list of the announced measures, including start dates (as announced by Government, but dependent on passage of legislative amendments through parliament). You can access the papers here: Link

    List of announced measures

    Measure name

    Proposed start date

    Pacific labour scheme

    1 July 2018

    Seasonal worker programme - improving take up and streamlining administration

    1 July 2018

    Capital gains tax - main residence exemption - application to temporary residents


    Expanding tax incentives for investments in affordable housing

    1 January 2018

    Personal income tax - exemption of JobSeeker Payment for newly bereaved recipients

    20 March 2020

    Personal income tax - exemption for Australian participants of British nuclear tests and veterans of the British Commonwealth Occupation Force


    Company tax - passive investment companies excluded from lower company tax rate

    2017-18 income year

    Single Touch Payroll - deliver a tax incentive for small business to invest in standard business reporting enabled software - reversal


    Superannuation - closing salary sacrifice loopholes

    From 1 July 2018

    Superannuation guarantee integrity package - modernising payroll and superannuation fund reporting

    2018-19 financial year (transitional)/1 July 2019 (full implementation)

    Superannuation guarantee integrity package - more effective collection of superannuation guarantee liabilities

    1 July 2018

    Superannuation guarantee integrity package - reversal of 2014-15 MYEFO measure - Superannuation guarantee charge


    Superannuation guarantee integrity package - stronger penalties for superannuation guarantee


    Superannuation guarantee integrity package - superannuation guarantee compliance taskforce


    Additional foreign investment amendments


    Debt-Equity rules - allowing debt tax treatment for tier 2 capital issued by customer-owned banks

    Day after registration of amending regulation

    Tax integrity - Extension of the OECD hybrid mismatch rules

    Six months after royal assent

    International tax - adoption of the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting


    Reducing Pressure on Housing Affordability - Affordable housing through MITs - modification

    1 July 2017

    Technical amendments to venture capital and innovation programs


    GST on low value imported goods - modification

    1 July 2018

    Improving the integrity of GST on property transactions - transitional arrangements

    As a transitional arrangement, contracts signed before 1 July 2018 and settled before 1 July 2020 are to be excluded

    Wine equalisation tax rebate tightened eligibility - transitional rules for wine producers

    1 July 2018

    Deductible gift recipient reform - strengthening governance and integrity and reducing complexity


    Extending deductible gift recipient eligibility to organisations promoting indigenous languages


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


    Philanthropy - managing the risks of overseas philanthropy


    Indirect tax concessions scheme - diplomatic and consular concessions








    Heavy vehicle road reforms - next steps


    Higher education reforms - revised implementation


    Junior Minerals Exploration Incentive Scheme - establishment


    National business simplification initiative - modernising business registers


    VET Student Loans - separation from the Higher Education Loan Program

    1 July 2019



    Enterprise tax plan - reducing the corporate tax rate

    The Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017External Link was introduced to the House of Representatives on 18 October 2017 but is not yet law. This Bill proposes to remove the ‘carrying on a business’ test from the 2017–18 income year onwards and introduces a passive income test in determining which companies are subject to the lower corporate tax rate.

    For more information see the Reducing the corporate tax rate new legislation page.

    More information

    Information on announced legislative changes not listed on this page can be found in the New legislation index.

    Last modified: 15 Jan 2018QC 43473