Corporations Point-in-Time Service Updates

The Corporations 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), the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026 (Cth) (Act No 35 of 2026), and the Corporations Amendment (Digital Assets Framework) Act 2026 (Cth) (Act No 38 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.

Act 35 of 2026

This Act amends the law relating to life insurance, financial services and certain international financial institutions, and for related purposes. This includes amendments to the Corporations Act 2001 (Cth) that support the participation of foreign financial services providers in Australia by providing regulatory certainty through establishing three exemptions from the requirement to hold an Australian Financial Services (AFS) licence. 

Act 38 of 2026

This Act supports innovation and make digital assets safer for consumers and makes amendments to the Corporations Act 2001 (Cth) and the Australian Securities and Investments Commission Act 2001 (Cth) to:

• define the core concepts around digital asset platforms and tokenised custody platforms;
• apply the financial services law in a tailored way to these platforms;
• provide targeted exemptions for certain digital token arrangements; and
• provide ASIC and the Minister with powers to regulate these platforms.

These amendments have been updated in the Point-in-Time Corporations Service current to 20 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.