Latest news on tax and superannuation law and policy

Addressing Surcharges

1 January 2025

Commonwealth Entities (Payment Surcharges) Act 2024Opens in a new window

Commonwealth Entities (Payment Surcharges) Tax (Imposition) Act 2024Opens in a new window

Commonwealth Entities (Payment Surcharges) (Consequential Provisions and Other Matters) Act 2024Opens in a new window

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 2024Opens in a new window

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 2024Opens in a new window

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 2024Opens in a new window

Royal Assent 10 December 2024

International Tax – signing of the Australia‑Slovenia Tax Treaty

TBD

TBA

Legacy Superannuation Retirement Product Conversions and Reserves

First 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 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