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This TA Alert incorporates all the relevant pronouncements and developments as at 10 June 2026. Entities should also take into account any new pronouncements issued, or developments taking place, after this date if they are relevant for the financial year and/or half-year ended 30 June 2026.

Accounting standards issued but not yet effective for 30 June 2026

The NSW Budget 2026 focuses on health and education spending, with slower growth forecasts, rising debt and targeted foreign investor duty relief measures.

On Tuesday 23 June 2026, Treasurer David Janetzki handed down his second state budget alongside Premier David Crisafulli. Deficits are forecast throughout the forward estimates, with a surplus of $619m projected for 2029-30.

The Government has announced revisions to several tax measures in the Budget, affecting capital gains tax treatment for small businesses, a special carve-out for start-ups, and a conditional exclusion for discretionary testamentary trusts from the 30 per cent tax on trusts.

Understanding changes to AML/CTF obligations and the Privacy Act: what reporting entities need to know.

From 1 July, the updated AML/CTF regime takes effect for Tranche 2 organisations including the real estate industry. There is already commentary, interpretation and subsequently confusion in the aged care market.

US retail expansion: sales tax nexus, compliance and key tax considerations for Australian retailers.

On Wednesday 10 June 2026 Treasurer Chris Steel handed down his second budget, alongside Chief Minister Andrew Barr. The Treasurer noted a difficult economic environment due to global instability.

A risk that now requires a response. Recent developments have brought renewed attention to a risk historically considered remote within securitisation structures – double pledging of loan assets across funding vehicles. In the case of the collapse of UK based mortgage provider Market Financial Solutions, the same underlying loans were allocated to more than one funding trust, overstating collateral and undermining the integrity of investor reporting.

On 10 June 2026 the High Court found that a trust’s unpaid present entitlement (UPE) to a company is not treated as a ‘loan’, and potentially subject to tax as a deemed dividend under Division 7A.

Explore how the Federal Budget 2026–27 reshapes M&A in Australia, with CGT changes, trust tax reforms and implications for deal structuring and transaction timing.