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The Australian Taxation Office has scheduled maintenance from 10pm AEDT on Saturday 17 October until 6pm Sunday 18 October 2026. That is a 20-hour window. A second scheduled event runs from 11pm AEDT on Saturday 24 October to 11am Sunday 25 October, affecting Standard …

The tax reform package changes the eligible work-related items exemption in section 58X of the fringe benefits tax rules. Portable electronic devices, software, protective clothing, briefcases and tools supplied through a salary packaging arrangement no longer receive that particular exemption for the relevant new …

Under the otherwise deductible rule, an employer may reduce the taxable value of certain expense-payment fringe benefits by an amount the employee could have deducted if personally responsible for the cost. This has often made genuine employment expenses, such as eligible training and travel, …

From the 2026–27 income year, an asset acquired with the expectation that it will be used mainly to earn assessable labour income generally cannot be newly allocated to a low-value pool. The restriction concerns the asset's expected use when acquired. It is not a …

A balancing adjustment arises when a depreciating asset stops being held or used in relevant circumstances. Broadly, tax law compares its termination value, such as sale proceeds, with its remaining adjustable value. A positive difference may increase assessable income; a negative difference may support …

• It was inserted as section 25-130 of the Income Tax Assessment Act 1997 by the Treasury Laws Amendment (Tax Reform No.

• It was inserted as section 25-130 of the Income Tax Assessment Act 1997 by the Treasury Laws Amendment (Tax Reform No.