Tax Insights

Under the ATO's guidance, a group must publish its public country-by-country (CBC) report "by giving the information to us in the approved form within 12 months following the end of your reporting period."

The ABN is the gateway to invoicing as a business, registering for GST and dealing with government as an enterprise. That makes it a target for anyone trying to commitFraudin someone else's name.

The saving on any single small gift is tiny. But for frequent small givers, through round-up apps, workplace programs or donation buckets, totals can add up.

The timing is pointed. Discretionary trusts are under scrutiny in Canberra this week, as a Senate committee examines the government's proposed 30% minimum tax on them.

The year in question is already under way. It started on 1 July 2026, and the first returns using the new rule will be lodged from July 2027. That means the record-keeping decisions start now.

The deduction itself is enacted law, inserted by the Treasury Laws Amendment (Tax Reform No. 1) Act 2026. It applies from 2026–27, so the first claims go on returns lodged from July 2027.

That makes this a decision for the year that is already under way. Records kept from 1 July 2026 will decide which option is open when 2026–27 returns are lodged from July 2027.