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Navigating transparency: ATO releases draft guidance for public country-by-country reporting exemptions
Client Alert Navigating transparency: ATO releases draft guidance for public country-by-country reporting exemptions
The ATO has released its draft guidance ‘PS LA 2025/D1 – Public country-by-country reporting exemptions’ outlining criteria and requirements for taxpayers applying for exemptions from public CbC reporting requirements.
Jason Casas
Christine Cornish
Keith To
Rashtin Fazal
| 5 min read | 09 Jul 2025
The R&D tax files: FY25 wrap-up edition
Client Alert The R&D tax files: FY25 wrap-up edition
The 2025 financial year marked a dynamic chapter for Australia’s Research & Development Tax Incentive (RDTI), with notable shifts in policy, compliance, and industry engagement. As innovation continues to drive economic growth, staying informed on the evolving R&D landscape has never been more critical for Australian businesses.
Rebecca Iwanuscha
Rebecca Iwanuscha
| 11 min read | 08 Jul 2025
Family Trust Distributions Tax: avoiding the pitfalls
Insight Family Trust Distributions Tax: avoiding the pitfalls
Family trusts can benefit from tax concessions that come with making a Family Trust Election (FTE) but risk Family Trust Distribution Tax (FTDT) if not managed well.
Dharav Gandhi
Paul Banister
| 8 min read | 02 Jul 2025
Update to ATO PCG 2018/9 – aligning corporate tax residence disclosures in tax returns to CEDS
Client Alert Update to ATO PCG 2018/9 – aligning corporate tax residence disclosures in tax returns to CEDS
The Australian Tax Office (‘ATO’) on 11 June 2025 updated its Practical Compliance Guide PCG 2018/9 on corporate tax residence to reflect key changes including aligning tax compliance residence disclosures to the Consolidated Entity Disclosure Statement (‘CEDS’) for financial reporting purposes.
Yan Wong
Yan Wong
| 4 min read | 01 Jul 2025
New South Wales budget outlines pathway to surplus
Client Alert New South Wales budget outlines pathway to surplus
The New South Wales (NSW) State Government led by Labor Premier Chris Minns handed down the state’s budget on Tuesday 24 June 2025.
Kristina Popova
Angela Spowart
| 4 min read | 26 Jun 2025
Queensland Budget facing ongoing deficits
Client Alert Queensland Budget facing ongoing deficits
On Tuesday 24 June 2025, Queensland Treasurer David Janetzki handed down the Queensland State Budget – the first LNP budget in the state since 2014, following the Crisafulli Government’s win in the 2024 election.
Kristina Popova
Sian Sinclair
Andrew Cornes
| 6 min read | 25 Jun 2025
Borrowing capacity and guarantees: ATO’s take on arm’s length debt amount
Client Alert Borrowing capacity and guarantees: ATO’s take on arm’s length debt amount
The ATO’s draft guideline PCG 2025/D2 outlines how taxpayers must determine an arm’s length debt amount for related-party loans under transfer pricing rules. It challenges the use of guarantees to inflate borrowing capacity and introduces a risk assessment framework to classify arrangements by compliance risk. Robust documentation is essential to support deductions.
Jason Casas
Christine Cornish
Keith To
Rashtin Fazal
| 6 min read | 23 Jun 2025
Western Australian budget signals local manufacturing agenda
Client Alert Western Australian budget signals local manufacturing agenda
The Western Australia Treasurer Rita Saffioti handed down the state’s budget on Thursday 19 June 2025, the Cook Government’s first budget after being elected for a third term.
Kristina Popova
Kim Hayman
| 4 min read | 20 Jun 2025
ASIC identifies gaps in compliance plans across managed investment schemes
Client Alert ASIC identifies gaps in compliance plans across managed investment schemes
ASIC’s review of 50 responsible entities revealed outdated and incomplete compliance plans – some missing key regulatory obligations like DDO and IDR entirely. With investigations now underway, responsible entities must act.
Leona Goh
Claire Scott
| 3 min read | 18 Jun 2025
Navigating the new debt deduction creation rules: What taxpayers should do before 30 June 2025
Client Alert Navigating the new debt deduction creation rules: What taxpayers should do before 30 June 2025
The Australian tax landscape for multinationals has significantly shifted with the implementation of the Debt Deduction Creation Rules (DDCR) (in Subdivision 820-EAA of the ITAA 1997).
Aryk Bechler
Jethro Byrne
| 6 min read | 10 Jun 2025
South Australian State Budget includes spending towards COP31
Client Alert South Australian State Budget includes spending towards COP31
On Thursday 5 June South Australian Treasurer Stephen Mullighan delivered the state budget, focusing on housing, crime and cost of living. This budget forecasted a surplus of $18m for 2024-25, with the government estimating surpluses for the next four years. The net operating surplus is estimated to be $315m by 2028-29.
Kristina Popova
David Mullins
| 4 min read | 06 Jun 2025
Key takeaways from the Tasmanian State Budget
Client Alert Key takeaways from the Tasmanian State Budget
Tasmanian Treasurer Guy Barnett delivered his first state budget on Thursday 29 May alongside Premier Jeremy Rockliff.
Kristina Popova
Nick Mellos
| 3 min read | 30 May 2025
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