This session provides a critical update on recent legislative changes, covering key areas that impact businesses and tax functions. This session outlines:
- Strengthening the foreign resident capital gains tax regime
- New consolidated entity disclosure statement requirements for public companies
- Denial of ATO interest charges and SGE penalties for mischaracterised royalties
- New production tax incentives related to critical minerals and hydrogen, and;
- An update on relevant rulings, including TR2024/D1 and TD2024/D1.