Latest news on tax and superannuation law and policy

Addressing Surcharges

1 January 2025

Commonwealth Entities (Payment Surcharges) Act 2024External Link

Commonwealth Entities (Payment Surcharges) Tax (Imposition) Act 2024External Link

Commonwealth Entities (Payment Surcharges) (Consequential Provisions and Other Matters) Act 2024External Link

Royal Assent 3 December 2024

Building Australia’s Future – A fairer deal for students

1 July 2025

N/A

Combatting Illegal Phoenixing – extending and enhancing the Phoenix Compliance Program

1 July 2026

N/A

Future Made in Australia – accelerating investment in Australian industries – Critical Minerals Production tax incentive

1 July 2026

Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024External Link

Introduced 25 November 2024

Future Made in Australia – accelerating investment in Australian industries - Hydrogen Production tax incentive

1 July 2026

Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024External Link

Introduced 25 November 2024

Housing – securing more affordable housing supply and better outcomes for renters

1 January 2025

Capital Works (Build to Rent Misuse Tax) Act 2024External Link

Royal Assent 10 December 2024

International Tax – signing of the Australia‑Slovenia Tax Treaty

TBD

TBA

Legacy Superannuation Retirement Product Conversions and Reserves

Financial year after registration

TBA

Modernising Trust Administration Systems (MTAS)

1 July 2025

TBA

Payday Super

1 July 2026

TBA

Penalties – addressing gaps in the current tax penalty regime

Various

TBA

Philanthropy – support to double philanthropic giving by 2030

TBD

TBA

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

Various

TBA

Research and Development Tax Incentive – excluding activities relating to gambling and tobacco

1 July 2026

TBA

Revive – National Cultural Policy Location Offset

1 July 2026

TBA

Strengthening Tax Compliance – boosting the Shadow Economy Compliance Program

1 January 2025

N/A

Supporting News and Media Diversity

1 January 2025

TBA

Taxation - allowing tax deductions for interest payments on foreign bail-in-bonds

1 July 2025

TBA

Australian Universities Accord – tertiary education system reforms

1 June 23

Universities Accord (Student Support and Other Measures) Act 2024External Link

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 2024External Link

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 2024External Link

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)External Link

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)External Link

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 2023External Link

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 2024External Link

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 2024External Link

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

Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024External Link

Introduced 5 June 2024

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 2024External Link

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