The Tax Practitioner Stewardship Group (TPSG) met on 25 August 2026 and the ATO has published key messages for the 2026 Tax Time period. The update covers changes to work-related expense substantiation, rental property deductions, crypto-asset reporting, and the new Payday Super regime. The ATO also highlighted its focus areas for compliance reviews, including excessive home office claims, unreported capital gains on property, and employer super guarantee compliance.
Key Takeaways
- Work-Related Expenses: Strengthened record-keeping requirements for claims over $300; diary evidence required for mixed-use assets.
- Rental Properties: Focus on apportionment of interest for mixed-use loans and immediate deduction vs. capital works classification.
- Payday Super: Employers must pay SG at payday from 1 July 2026; ATO will match STP data to fund contributions.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
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