Class Rulings
CR 2016/61: Income tax: APN Champion Retail Fund - cancellation of units

Taxation Determinations - Addenda
TD 2012/21A1: Income tax: does CGT event E1 or E2 in sections 104-55 or 104-60 of the Income Tax Assessment Act 1997 happen if the terms of a trust are changed pursuant to a valid exercise of a power contained within the trust's constituent document, or varied with the approval of a relevant court?

ATO Guidelines
LCG 2016/3: Small Business Restructure Roll-over: genuine restructure of an ongoing business and related matters

Progress of legislation

Parliament resumed sitting on Tuesday, 30 August 2016. The following bills were introduced into Parliament:

As at 2.9.16


Intro House

Passed House

Intro Senate

Passed Senate

Date of Royal assent / Act Number


International Tax Agreements Amendment Bill 2016


Gives force of law to Australia - Germany DTA.

Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016


Immediately reduces the tax rate for businesses with turnover of up to $10 million. Reduces the company tax rate for all businesses to 25 per cent by 2026/27. Increases the unincorporated tax discount for small business. Increases turnover thresholds.

Treasury Laws Amendment (Income Tax Relief) Bill 2016


Raises personal income tax threshold.

Budget Savings (Omnibus) Bill 2016


Amongst other things, reduces the tax offsets under the research and development tax incentive (previously included in lapsed Tax and Superannuation Laws Amendment (2015 Measures No. 3) Bill 2015).

Tax and Superannuation Laws Amendment (2016 Measures No 2) Bill 2016 - LAPSED


Remedial power for the Commissioner; Income tax averaging rules for farmers; luxury car tax; minor amendments correcting technical or drafting defects.