Australia

Guidance issued 25 August 2026 explains how to complete Section D declaration and signature for super fund RTP schedules. Key Takeaways Section D requires the fund’s trustee to certify the accuracy of reported tax positions. Electronic signatures are accepted via the ATO’s secure online portal. Disclaimer:This article is compiled and summarized based on publicly available […]

Updated ATO guidance from 25 August 2026 details how super funds must allocate contributions within three business days. Key Takeaways The three‑day period starts when the fund receives the contribution amount. Failure to comply may result in contributions being treated as non‑concessional. Disclaimer:This article is compiled and summarized based on publicly available information and is

Guidance issued 24 August 2026 assists super funds in correctly completing the 2026 RTP schedule. Key Takeaways Clear instructions reduce errors in reporting reportable tax positions. The schedule supports transparency and compliance with superannuation tax laws. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange

The ATO explained on 24 August 2026 its data‑matching program for real property transactions to support tax compliance. Key Takeaways The program covers property transfers from 20 September 1985 to 30 June 2017. Data matching helps detect undisclosed capital gains and stamp duty liabilities. Disclaimer:This article is compiled and summarized based on publicly available information

The ATO released details on 24 August 2026 of its data‑matching program with Home Affairs passenger movements for tax compliance. Key Takeaways Data matching helps identify undisclosed income from overseas travel. The program runs from 2019‑20 to 2028‑29 with strict privacy safeguards. Disclaimer:This article is compiled and summarized based on publicly available information and is

On 24 August 2026, the ATO clarified GST obligations for religious institutions that are exempt from income tax. Key Takeaways Religious entities must register for GST if annual turnover exceeds $75,000. Exemptions apply to certain charitable activities, but proper record‑keeping is essential. Disclaimer:This article is compiled and summarized based on publicly available information and is

Updated ATO advice dated 24 August 2026 states that all Government Payments Program income must be declared in tax returns. Key Takeaways Recipients must include GPP amounts as assessable income. Failure to report may result in penalties and interest on unpaid tax. Disclaimer:This article is compiled and summarized based on publicly available information and is

On 24 August 2026, the ATO provided instructions on obtaining the 2026 RTP schedule for super funds. Key Takeaways The RTP schedule captures reportable tax positions for superannuation entities. Electronic lodgment options are available through the ATO’s online services portal. Disclaimer:This article is compiled and summarized based on publicly available information and is for general

As of 24 August 2026, the ATO opened applications for franking credit refunds for eligible entities. Key Takeaways Eligible applicants must have excess franking credits from dividends received. Refunds are processed after verification of shareholding and dividend statements. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and

On 24 August 2026, the ATO released a checklist to help NFPs prepare accurate self‑review tax returns. Key Takeaways The checklist covers income reporting, expense substantiation, and governance disclosures. Completing the checklist reduces risk of errors and potential penalties. Disclaimer:This article is compiled and summarized based on publicly available information and is for general information