Global Anti-Base Erosion Rules
The Government will amend Australia’s global and domestic minimum tax legislation, introduced in 2024, to implement the side-by-side package agreed by the OECD/G20 Inclusion Framework on Base Erosion and Profit Shifting on 5 January 2026..
Protecting the tax system against fraud
The Government will provide $86.3 million over four years from 1 July 2026 and $9.7 million per year ongoing from 2030-31 to deliver Phase 2 of the Counter Fraud Strategy to modernise the prevention and detection of fraud in the tax and super systems. The proposal will enhance the ATO’s ability to detect and prevent […]
Extending the ban on foreign purchases of established dwellings
The Government will extend the temporary ban on foreign purchases of established residential dwellings by two years and three months until 30 June 2029. The ban was originally implemented for two years from 1 April 2025.
Support for Small Business Debt Helpline
The Government will provide $8.2 million over three years from 2025-26 to extend the Small Business Debt Helpline financial counselling program and the NewAccess for Small Business Owners mental health coaching program to 30 June 2027.
Research and Development (‘R&D’) Tax Incentives
The Government is reforming the R&D tax incentive to simplify and better target Government support for business R&D. From 1 July 2028, the Government will: • increase the offset for core R&D expenditure by around 25% to 50%, through a 4.5 percentage point increase in core R&D offset rates; • reduce the intensity threshold from […]
Temporary reduction of fuel excise and heavy vehicle road user charge
The Government has temporarily reduced the excise and excise-equivalent customs duty rates (excise rates) applying to most fuel products and the road user charge for heavy vehicles, for three months from 1 April 2026. The excise rates have been reduced by a total of 60.9%, equating to a 32 cent per litre reduction for petrol […]
Dynamic PAYG instalment calculations
The Government will provide $10.9 million to the ATO to expand its pilot of dynamic PAYG instalment calculations and will expand access to monthly payments. From 1 July 2027, small and medium businesses will be able to opt in to reporting and paying PAYG instalments monthly and to using an ATO-approved calculation embedded in accounting […]
Loss refundability for small start-up companies
The Government will introduce loss refundability for small start-up companies. For tax years commencing on or after 1 July 2028, start-up companies with aggregated annual turnover of less than $10 million that generate a tax loss in their first two years of operation will be able to utilise the loss to generate a refundable tax […]
Reintroducing ‘loss carry back’ for companies
The Government will provide tax relief to businesses by reforming the treatment of tax losses. For tax years commencing on or after 1 July 2026, companies with aggregated annual global turnover of less than $1 billion will be able to carry back a tax loss and offset it against tax paid up to two years […]
Permanent $20,000 instant asset write-off
From 1 July 2026, the Government will permanently extend the $20,000 instant asset write-off for small businesses with turnover of less than $10 million. Assets valued at $20,000 or more can continue to be placed into the small business depreciation pool. The provisions that prevent small businesses from re-entering the simplified depreciation regime for five […]
Reducing the FBT concession for electric cars
From 1 April 2029, a permanent 25% discount on FBT will be available for all electric cars valued up to and including the fuel-efficient luxury car tax threshold, implemented through a 15% rate in the statutory formula. The following transitional arrangements will apply: • All eligible electric cars will retain the FBT discount rate that […]
Private Health Insurance (‘PHI’) Rebate
The Government will remove the age-based uplift of the PHI Rebate from 1 April 2027. Currently, individuals aged 65 and above are entitled to a higher rebate percentage.