GST Point-in-Time Service Updates

The GST Service has been updated to include the Treasury Laws Amendment (Supporting Choice in Superannuation and Other Measures) Act 2026 (Cth) (Act No 12 of 2026) and the Treasury Laws Amendment (Doubling Penalties for ACCC Enforcement) Act 2026 (Cth) (Act No 19 of 2026).

Act 12 of 2026

This Act amends the law relating to taxation and superannuation, and for related purposes. The Act includes amendments to A New Tax System (Wine Equalisation Tax) Act 1999 (Cth), which increase the maximum amount of Wine Equalisation Tax (WET) producer rebate claimable by eligible wine producers, or a group of associated wine producers, from $350,000 to $400,000 per financial year, from 1 July 2026.

Act 19 of 2026

This Act amends the Competition and Consumer Act 2010 (Cth) (CCA), including the Australian Consumer Law (ACL), to increase the maximum penalty applicable to certain breaches of competition and consumer law to deter false or misleading conduct and cartel conduct. More specifically, the Act will:

• increase the maximum penalty for anti-competitive behaviour in breach of certain offence and civil penalty provisions in Parts IV, IVBA, IVBB, XICA and XIB to ensure the price of misconduct is high enough to deter unfair activity; and
• increase the maximum penalty for breach of certain offence and civil penalty provisions in the ACL to maintain consistency with maximum penalties under the competition provisions of the CCA, and ensure consumers retain a robust level of protection.

These amendments have been updated in the Point-in-Time GST Service current to 14 April 2026 (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.