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The usual 31 October deadline falls on a Saturday this year, so people preparing their own return have until 11:59pm local time on Mon 2 November 2026. The ATO says delaying lodgment does not shift the 21 November payment date. As of 19 October, …
Mark Chapman, a tax communications director, says people tend either to forget legitimate expenses or to claim too aggressively. "Working from home is a good example," he said. The ATO's Tax Time 2026 focus areas, announced in April, are work-related expenses, omitted income and …
In Quy v Commissioner of Taxation [2026] FCA 1316, Justice Christopher Horan dismissed an appeal by Trong Quy. Mr Quy had argued he was not an Australian resident, did not have an Australian domicile and had a permanent place of abode in Dubai, where …
The Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026 had passed both the House of Representatives and the Senate by 10 September 2026, and was then awaiting royal assent. Whether assent has since been given, and when each …
On 20 May 2026 the ATO released three pieces of guidance. TR 2026/1 is a public ruling on rental property income and deductions for individuals who are not in business. PCG 2026/2 sets out the ATO's compliance approach to apportioning rental deductions. PCG 2026/3 …
On 20 May 2026 the ATO released Taxation Ruling TR 2026/1, covering rental property income and deductions for individuals who are not in business. Two compliance guidelines came with it: PCG 2026/2 on apportioning rental deductions and PCG 2026/3 on holiday homes that are …
Sayer has asked the Senate Economics Legislation Committee to publish Treasury's modelling. She argues that two weeks is "a short time to examine a measure of this size" and questions whether the $4.5 billion would materialise if families restructured to avoid the tax. The …
The ATO says the core property changes "are now law" under the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026, and both begin on 1 July 2027. Negative gearing is limited …
Annual CPI climbed from 4.0% in August to 4.3% in September, and prices rose 1.3% over the quarter. The trimmed mean, the RBA's preferred underlying gauge, was 3.6% for the year. "Housing was the largest contributor to annual inflation in September, rising by 5.2 …
The ABS reported annual CPI at 4.3% in the year to September, up from 4.0% in August, with a trimmed mean of 3.6%. Housing led the rise at 5.2%.
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