Latest news on tax and superannuation law and policy

Amendments to Existing Measures: Extending the clean building managed investment trust withholding tax concession

1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later

TBC

Amendments to Existing Measures: Foreign resident capital gains tax changes

1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later

TBC

Amendments to Existing Measures: Managed Investment Trusts

13 March 2025

TBC

Illicit Tobacco Compliance and Enforcement Package – direct and targeted enforcement to counter profits from illicit tobacco

1 July 2025

N/A

Personal Income Tax – new tax cuts for every Australian taxpayer

1 July 2026

Treasury Laws Amendment (More Cost of Living Relief) Bill 2025External Link

Royal Assent 27 March 2025

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

1 July 2025

Treasury Laws Amendment (More Cost of Living Relief) Bill 2025External Link

Royal Assent 27 March 2025

Restricting Foreign Ownership of Housing

1 April 2025

N/A

Strengthening Tax Integrity: Extension and expansion to the Personal Income Tax Compliance Program

1 July 2025

N/A

Strengthening Tax Integrity: Extension and expansion to the Shadow Economy Compliance Program

1 July 2025

N/A

Strengthening Tax Integrity: Extension and expansion to the Tax Avoidance Taskforce

1 July 2025

N/A

Strengthening Tax Integrity: Extension to the Tax Integrity Program

1 July 2026

N/A

Supporting Philanthropy

Various

TBC

Supporting the Hospitality Sector and Alcohol Producers

Various

TBC

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

Royal Assent 14 February 2025

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

Royal Assent 14 February 2025

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

First financial year after registration

TBA

Modernising Trust Administration Systems (MTAS)

1 July 2026

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 2025

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