Tax Insights

The Corporations Amendment (Digital Assets Framework) Act 2026 is Act No. 38 of 2026, dated 8 April 2026 on the Federal Register of Legislation. It is enacted law.

The ATO publishes two tobacco excise rates. One is a per-stick rate for cigarettes and other sticks containing no more than 0.8 grams of tobacco. The other is a per-kilogram rate for loose tobacco and for sticks containing more than 0.8 grams.

The tax gap is the ATO's estimate of the difference between the tax that would be paid if everyone complied fully with the law and the tax actually collected. It is expressed both in dollars and as a share of the tax that should …

Small and medium businesses that pay PAYG instalments each quarter could switch to monthly payments worked out inside their accounting software from 1 July 2027, under a plan the federal government released as draft legislation on 11 September 2026. With Parliament sitting from 12 …

Small businesses owed the ATO $35.9 billion in collectable debt in 2024–25, about two-thirds of the total, and the Auditor-General has found that the tax office's firmest debt-recovery tools were used in just 0.5% of its debt contacts with them. The findings, in a …

Anyone who charges a fee to prepare tax returns without being registered now faces possible criminal charges, under laws that, received Royal Assent on 15 September 2026 and commenced on 1 October. The changes also give the Tax Practitioners Board (TPB) new sanctions, including …

The example comes from the NTAA's Robyn Jacobson, who set out her reading of the law in Accountants Daily on 4 September 2026.