Income Tax Point-in-Time Service Updates

The Income Tax Point-in-Time 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).

Act 12 of 2026

This Act amends the law relating to taxation and superannuation, and for related purposes. The Act includes amendments to:

• the Income Tax Assessment Act 1997 (Cth) (ITAA 1997) and the Income Tax Assessment Act 1936 (Cth) (ITAA 1936) to provide income tax and withholding tax exemptions for World Rugby and its wholly-owned subsidiaries. These exemptions are for income derived from activities relating to the men’s Rugby World Cup 2027 and the women’s Rugby World Cup 2029;
• the International Tax Agreements Act 1953 (Cth) to give force of law to the Convention between Australia and the Portuguese Republic for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance and its Protocol; and
• amends the ITAA 1997 to make miscellaneous updates to various deductible gift recipients.

These amendments have been updated in the Point-in-Time Income Tax Service current to 15 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.