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Measure | Summary | Proposed date of effect | Status |
Business | |||
Small Business $20,000 Instant Asset Write Off (IAWO) | 2025-26 Budget announcement to retain the increase in the IAWO cost threshold for small business entities (aggregated turnover of less than $10m) from $1,000 to $20,000 for a further 12 months to cover eligible assets first used, or installed ready for use, between 1 July 2025 and 30 June 2026. | 1 July 2025 to 30 June 2026 | Enacted |
Freezing of draught beer excise and customs duty rates | 2025-26 Budget announcement to pause indexation of the excise and customs duty rates on draught beer imported for two years from August 2025 to August 2027. | 1 August 2025 | Enacted
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Increase in Wine Equalisation Tax (WET) producer rebate | With effect from 1 July 2026, eligible wine producers will receive up to an additional $50,000 under the existing WET producer rebate scheme, with the maximum annual rebate cap increased to $400,000. | 1 July 2026 | Enacted |
Green Aluminium Production Credits | Commitment of $2bn to support Australian aluminium smelters to transition to renewable electricity before 2036 via credit contracts payable per tonne of green aluminium produced. | 1 July 2028 | Department of Industry Science and Resources (DISR) 2025 consultation closed |
Abolition of nuisance tariffs | 457 ‘nuisance tariffs’ permanently set to zero on a wide range of imported goods, recognising that these tariffs create more administrative compliance cost than revenue generated. | 1 July 2024 | Enacted |
Significant Global Entity (SGE) penalty regime for royalties | Announced in the 2024-25 Budget, a new penalty regime for SGEs found to have ‘mischaracterised or undervalued’ royalty payments to which royalty withholding would otherwise apply (following withdrawal of measures to deny deductions for intangibles in low-tax jurisdictions). | 1 July 2026 | Announced / Not yet actioned |
Payday Superannuation Guarantee (SG) | Employers will be required to pay employee SG entitlements on the same day that they pay salary and wages. | 1 July 2026 | Enacted |
Denying deductions for ATO interest charges | Denial of deductions for General Interest Charges (GIC) and Shortfall Interest Charges (SIC). Any GIC or SIC that is later remitted will no longer need to be included as assessable income. | 1 July 2025 | Enacted |
Extending the clean building Managed Investment Trust (MIT) withholding tax concession | The Government announced an extension of the 10% clean building MIT withholding tax concession to data centres and warehouses that meet the relevant energy efficiency standard in the 2023-24 Federal Budget, to be effective from 1 July 2025. This measure has been deferred. | 1 July 2025 | Deferred in 2024-25 Budget / Not yet actioned |
International | |||
Changes to foreign resident Capital Gains Tax (CGT) regime | Amendments announced in the 2024-25 Budget to strengthen integrity of the foreign resident CGT regime including: - clarification on the scope of real property and broadening on the types of assets on which foreign residents are subject to Australian CGT - amending the point-in-time principal asset test to a preceding 365-day testing period - ATO notification where foreign residents dispose of shares and other membership interests exceeding value of $50m. | 1 July 2025 (note: proposed retroactive component) | April 2026 Treasury consultation now closed
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Foreign Resident CGT withholding | Announced in the 2023-24 Mid-Year Economic and Fiscal Outlook (MYEFO), an increase in the rate from 12.5% to 15% accompanied by a complete removal of the value threshold of $750,000. | 1 January 2025 | Enacted |
Other | |||
Income tax cuts for individuals | Income tax cuts reducing the marginal tax rate for the $18,201 to $45,000 band by 1% to 15% from 1 July 2026 and a further 1% to 14% from 1 July 2027.
| 1 July 2026 / 2027 | Enacted |
Timeframe increased for ATO to hold BAS refunds | Increased timeframe for the ATO to notify a taxpayer of an intention to retain a BAS refund for further investigation from 14 days, to match existing 30-day time limits for non-BAS income tax refunds. | 1 July 2025 | Enacted |
Expansion of Part IVA general anti-avoidance rules in income tax law | Originally announced in the 2023-24 Budget and deferred, an expansion of Part IVA rules to include schemes that either: - reduce tax paid in Australia by accessing a lower withholding tax rate on income paid to foreign residents or - achieve an Australian income tax benefit, even where the dominant purpose was to reduce foreign income tax. | 1 July 2024 | Deferred in 2024-25 Budget / Not yet actioned |
