Australia

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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. Source: Read Official Announcement

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

The ATO has released comprehensive guidance on claiming tax deductions for depreciating assets and capital expenses for the 2026–27 income year. The guidance clarifies the distinction between immediate deductions under simplified depreciation rules (including instant asset write-off) and deductions claimed over time under general depreciation rules. It also addresses capital expenses such as establishment costs,

The ATO has confirmed the instant asset write-off threshold for the 2026–27 income year at $20,000 per asset for small business entities with aggregated turnover less than $10 million. The write-off applies to assets first used or installed ready for use between 1 July 2026 and 30 June 2027. The measure is part of the