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Car Claims Rise to 91 Cents as New $1,000 Deduction Changes the Equation

The Income Tax Assessment (Cents per Kilometre Deduction Rate for Car Expenses) Determination 2026 took effect on 1 July 2026. It combines an indexed base rate of 89 cents with a temporary two-cent adjustment reflecting fuel-price conditions during the March 2026 quarter. That extra …

Aditi Sarkar | 12 October 2026

Medicare Levy Relief Expands as the Tax-Free Threshold Rises to $28,011

The increase appears in Schedule 5 of the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026, which received royal assent on 30 June 2026. Its application to 2025–26 assessments means the higher limits are already relevant to returns being processed. …

Aditi Sarkar | 12 October 2026

Dropped a Few Coins in a Charity Tin? The $2 Minimum for Tax-Deductible Donations Is Gone: Backdated to July 2024

The change is in Schedule 1 of the Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026. The Act received royal assent on 30 June 2026 and is Act No. 58 of 2026, so the change is now law and no …

Aditi Sarkar | 12 October 2026

ATO Interest Charge Climbs to 11.51%: and It's No Longer Tax-Deductible: What a Tax Debt Now Really Costs

The ATO's published GIC annual rate for the October–December 2026 quarter is 11.51%. Its daily rate is 0.03153425%, and interest compounds every day the debt is unpaid.

Aditi Sarkar | 12 October 2026

'You Have a New Payment Update': The Fake ATO Email That Can Hand Scammers Remote Control of Your Computer

the email claims to come from the ATO. It tells recipients either that there is "a new payment update in your ATO profile" or that they need to review their income statement.

Aditi Sarkar | 12 October 2026

Asked to Pay 'Tax' Before You Can Withdraw Your Investment Profits? Scamwatch Says It's a Hallmark of a Scam

Scamwatch, which is run by the ACCC, says investment scams increasingly arrive through channels that feel friendly and familiar. One tactic starts with an invitation to a WhatsApp group built around a shared interest such as fishing or sport.

Aditi Sarkar | 12 October 2026

Got a Trust Distribution? It's Now Being Pre-Filled Into Individual Tax Returns: Why You Should Still Check It

The ATO's guidance for individuals, updated on 2 July 2026, says that "pre-fill for trust distributions starts for individual taxpayers in 2026". The ATO says pre-fill will be extended to other types of entities from 2027.

Aditi Sarkar | 12 October 2026

Blocking Out Christmas at the Beach House? Why the ATO Could Deny Your Holiday-Home Deductions This Summer

the ATO finalised three pieces of guidance in late May 2026. Taxation Ruling TR 2026/1 covers rental income and deductions, including short-term rentals and holiday homes. Practical Compliance Guideline PCG 2026/2 deals with fair and reasonable apportionment for mixed-use property. PCG 2026/3 sets out …

Aditi Sarkar | 12 October 2026

Over-65s' Private Health Rebate Cut Clears Senate Committee on a Casting Vote

The Private Health Insurance Amendment (Modernising the Private Health Insurance Rebate) Bill 2026 passed the House of Representatives on 16 September 2026. It is a bill, not law, and it still has to pass the Senate.

Aditi Sarkar | 12 October 2026

Banks Want to Check Your Income With the ATO: and the Tax Office Has Confirmed It Is Scoping the Idea

the ATO confirmed on Thursday 8 October that it is scoping data sharing with the major banks. "work was underway on measures funded under the 2026-2027 federal budget".

Aditi Sarkar | 12 October 2026
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