Tax insights

On 25 March 2026, Senator the Hon Tim Ayres addressed the National Press Club of Australia on “Smarter, Stronger, Safer: A Future Made in Australia backed by R&D”, building upon key messages from the much-anticipated Strategic Examination of Research and Development final report, “Ambitious Australia”, released on 17 March 2026.

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On 17 February 2026, the Full Federal Court released its decision in favour of the Commissioner in Commissioner of Taxation v. S.N.A Group Pty Ltd [2026] FCAFC 10 finding that around $19 million of inter-entity service fees paid during the tax years 30 June 2016 and 30 June 2019 were not deductible under s 8-1 of the Income Tax Assessment Act 1997 (Cth).

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On 24 March 2026, and after eight years of negotiations, Australia and the EU put pen to paper on a historic free trade agreement which will drive enhanced economic and people to people links between the EU and Australia.

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Division 296 tax is a new Australian tax on superannuation earnings for those individuals with a total superannuation balance of more than $3 million.

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On 3 March 2026, the ATO released final instructions to complete the public country-by-country (CbC) report. The instructions include information that must be included in an annual public CbC report, the level of detail expected in both quantitative and qualitative disclosures, the process for submission of the report to the ATO, and how to interpret and apply the legislation and accompanying guidance in practice.

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