Economic News

Since August 2025, the ATO has offered a chance for GIC remission where a trustee or electing entity proactively self-reviews, notifies the ATO of and pays an FTDT liability. In those cases the ATO said it will favourably consider remitting up to 80% of …

According to the ATO, the obligation applies to funds and CIVs that have total fund or business income exceeding $250 million and meet the lodgment criteria set out in the relevant RTP schedule instructions. The ATO has developed a Fund RTP schedule and a …

Self-preparers have until 11:59 pm local time on Monday 2 November 2026 to submit on time. Because the usual 31 October deadline falls on a weekend this year, taxpayers have a couple of extra days.

The ATO said the TPAR must be lodged by 28 August each year and covers payments made to contractors or subcontractors for building and construction services, cleaning services, courier services, road freight services, information technology services, and security, investigation or surveillance services.

The first new page deals with the super interest of members over eligibility age. It clarifies the reporting requirements where a member has reached eligibility age, no amount has been received for them in the previous two years and five years have passed since …

The Reserve Bank of Australia has placed payment system resilience at the centre of its regulatory priorities, highlighting the growing importance of cybersecurity and reliable financial infrastructure. Speaking at the AFIA Conference in Sydney on 20 October 2026, Ellis Connolly, Head of Payments Policy …

Artificial intelligence is introducing new questions about how financial transactions are initiated, authorised and monitored. Speaking at the AFIA Conference on 20 October 2026, Reserve Bank of Australia payments policy head Ellis Connolly highlighted agentic commerce as an emerging area of concern, particularly as …