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Showing 1 - 10 of 323 results for "Taxpayers"

Treasury rolls out negative gearing, CGT Tranche 2 consultation

KARREN VERGARA  |  WEDNESDAY, 5 AUG 2026
... will be undertaken to examine options that could reduce compliance costs for fund managers. The reforms also address taxpayers who were Australian residents for only part of the period they held an asset and seek to prevent certain CGT events from unintentionally ...

Treasury opens consult on TPB sanctions framework

ELIZA BAVIN  |  TUESDAY, 4 AUG 2026
... regime. "The Amending Regulations will ensure that the Register continues to provide a comprehensive public resource for taxpayers who wish to locate a tax practitioner and engage their services," Treasury said. "By requiring the Register to include ...

ASIC levy estimates jump 19% as regulator ramps up funding

VINNY VUCAGO  |  MONDAY, 13 JUL 2026
... cost recovery framework, the cost of ASIC's regulatory activities is borne by the sectors it supervises rather than taxpayers, the regulator said. The funding model, introduced following the Financial System Inquiry, recovers ASIC's costs through a combination ...

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
... registered tax practitioners and unregistered preparers," the exposure draft said. "The reforms improve protections for taxpayers against tax agent misconduct, including poor and unlawful tax advice, and maintain community confidence in the integrity ...

Replace capital gains discount with income averaging: e61

RIDDHIMA TALWANI  |  THURSDAY, 15 JAN 2026
... tax liability over the life of the asset, an option that was available until 1999. "Income averaging would ensure that taxpayers with similar lifetime income would pay similar tax rates regardless of whether they earn regular wages or have a volatile ...

Forrests' donation crowns WA as most generous state: KPMG

KARREN VERGARA  |  TUESDAY, 13 JAN 2026
... Robinson said while it is not always the main driver for making charitable donations, obtaining a tax deduction may enable taxpayers to be more generous. "When considering a donation, taxpayers will only be able to claim a deduction for donations to ...

ATO to restrict travel over unpaid super obligations

ELIZA BAVIN  |  WEDNESDAY, 7 JAN 2026
... 2025, the ATO said it has issued 21 DPOs, more than the total number issued in the financial year ended 30 June 2025. "Taxpayers who have accumulated significant tax debts that they have the means to pay, and who take deliberate steps to avoid paying ...

Housing Australia Future Fund under audit

ELIZA BAVIN  |  WEDNESDAY, 29 OCT 2025
... said. "The audit by the ANAO is a necessary step to ensure the fund is operating effectively and delivering value for taxpayers but Australia cannot afford to lose momentum on building new homes. Oversight and transparency are essential, but the audit ...

Another industry body urges Division 296 reconsideration

MATTHEW WAI  |  TUESDAY, 16 SEP 2025
... believes the taxing of unrealised capital gains and the lack of indexation can pose compliance challenges for affected taxpayers. Division 296, which will impose 15% additional tax on super balances over the $3 million threshold once legislated, has ...

Some Australians being taxed more on super than pay: SMC

ELIZA BAVIN  |  TUESDAY, 12 AUG 2025
... analysis also found without compulsory super, half a million more Australians would rely on the Age Pension, costing taxpayers $12 billion in 2026-27, rising to $14 billion in 2028-29. Over the past two decades, super balances have more than tripled ...
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