The Tax Practitioners Board (TPB) is a national body responsible for the registration and regulation of tax agents and BAS agents (collectively referred to as ‘tax practitioners’). The TPB is also responsible for ensuring compliance with the Tax Agent Services Act 2009 (TASA), including the Code of Professional Conduct (Code). In December 2025, The TPB has announced its 2026 compliance priorities and within this announcement it is noted:. ‘Our priorities address both emerging and ongoing risks concerning tax practitioner misconduct or unethical behaviour. These […]
The December 2024 Mid‑Year Economic and Fiscal Outlook (MYEFO) was released by the Government on 18 December 2024 and announced that The Government will exclude activities related to gambling and tobacco from Research and Development Tax Incentive eligibility for income years starting on or after 1 July 2025. The Government has now released an exposure draft for Treasury Laws Amendment Bill 2025: 4 Exclusion of tobacco and gambling 5 related activities from the Research and 6 Development Tax Incentive which is the legislative instrument that […]
Industry Innovation and Science Australia (IISA) is the federal government department responsible for determining whether companies’ activities meet the legislative criteria eligible under the R&D Tax Incentive. The 2025 Annual Report for IISA was recently released, and a section of the report provides an update on Legal matters and litigation relevant to the department. Litigation on R&D activity now usually starts in the The Administrative Review Tribunal of Australia (ART), rather than Administrative Appeals Tribunal (AAT). However, this change is not likely […]