Our latest insights

Receiving a notice to pay GST from the Australian Taxation Office (ATO) can be unsettling, particularly if it arrives unexpectedly or at a time when cash flow is under pressure. However, receiving a GST bill does not necessarily mean you have done something wrong.

In this episode of Beyond the Numbers with Grant Thornton, Sustainability Advisory Partners John Askham and David Pitts share practical insights for Group 2 and 3 reporters, including how to build a reporting approach that can scale year on year, and the key questions businesses should be asking as they prepare to disclose.

On 16 June 2026, APRA released the draft CPS 510 prudential standard for comment and posed some consultation questions regarding proportionality, streamlining of fit and proper and alignment with Financial Accountability Regime (FAR), areas where additional guidance is required and estimated compliance costs.

Fuel tax credits update covering ATO scrutiny, compliance risks and rate changes.

Loss carry back Australia 2026 helps companies turn tax losses into refunds and improve cash flow.

In this conversation, Ben shares how he joined TRP, what resilience means to him and what’s next for the organisation.

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.