Banter Blog

Written by TaxBanter’s training team and featuring contributions from industry experts, the blog combines technical depth with accessible explanations, making it valuable for accountants, advisers, wealth professionals and anyone wanting to stay informed about the constantly evolving tax landscape.

Banter Blog

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TaxBanter’s flagship blog is where experienced tax trainers and specialist contributors break down complex, emerging and topical issues in Australian taxation. Each post dives into a different area of tax, ranging from Division 7A, UPEs, small business restructures, ATO enforcement activity, TPB matters, CGT traps, and more, giving readers practical insights grounded in real-world scenarios and current regulatory expectations.

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Federal Budget 2026-27

On Tuesday 12 May, Treasurer Jim Chalmers handed down the Federal Budget. Our partners at TaxBanter have prepared a detailed summary of the Government’s 2026-27

Tax Administration

AI and the Code of Professional Conduct: What Tax Practitioners Need to Know

The draft clarifies that using AI does not reduce or transfer a tax practitioner's professional responsibilities. Practitioners remain fully accountable for the accuracy and quality

News

What did Parliament do this year? 2025 Tax legislation status summary

You could be forgiven for thinking that Parliament has not done a lot in respect of tax legislation for the 2025 calendar year.

Superannuation

Payday super – the next instalment

On 9 October 2025 the Government introduced Bills and an Explanatory Memorandum into Parliament to align the payment of eligible superannuation guarantee (SG) contributions with

BIMBY

The farmer, the property and the tax man

It could be said that the application of the respective taxation principles, as they apply to capital or revenue treatment on the disposal of property

Div 7A

The Bendel Case: When is a UPE not a loan?

On 19 February 2025, the Full Federal Court (FFC) handed down its eagerly awaited decision in Commissioner of Taxation v Bendel [2025] FCAFC 15 (the

CGT Event K6: The Sleeper Tax Trap Unveiled in the ATO’s Latest Ruling

Where a shareholder has acquired shares in a private company or units in a unit trust, that were acquired prior to 20 September 1985, such

Div 7A

ATO targeting loan guarantee

On 11 December 2024, the ATO released two updates (TD 2024/D3 and TA 2024/2) dealing with the interaction of Division 7A (s.109U of the Income

News

Key Updates to Tax Practitioner Code of Conduct

On 8 October 2024 the revised Legislative Instrument titled Tax Agent Services (Code of Professional Conduct) Amendment (Measures No. 2) Determination 2024 (the LI) was

Tax Agents

First tranche of draft TPB guidance on new obligations — conflicts of interest and confidentiality

On 6 August 2024, the Tax Practitioners Board (TPB) issued two exposure draft Information Sheets setting out the TPB’s proposed guidance in relation to three

Tax Agents

First tranche of draft TPB guidance on new obligations — false or misleading statements

On 6 August 2024, the Tax Practitioners Board (TPB) issued two exposure draft Information Sheets setting out the TPB’s proposed guidance in relation to three

News

Last minute reprieve for tax agents — Code changes postponed

On the eve of the commencement of the contentious Code of Professional Conduct changes for registered tax and BAS agents, the Government has postponed the

News

TPB’s transitional approach for new Code obligations starting 1 August

On Thursday 18 July, the TPB released a set of Frequently Asked Questions (FAQs) in relation to the new Code of Professional Conduct (Code) obligations

Ethics

New Code obligations for tax agents

On 2 July 2024, the Legislative Instrument titled the Tax Agent Services (Code of Professional Conduct) Determination 2024 (the Instrument) was registered. Registered tax and

Small Business

$20,000 instant asset write-off for 2024 is finally law

The temporary $20,000 instant asset write-off threshold for small businesses for the 2023–24 income year has finally been enacted, on the eve of the new

Small Business

Tax return stationery for 2024 now available

The ATO has now released its suite of 2024 tax return stationery. Handy links to the forms are included in this article and the key

Federal Budget

Federal Budget 2024–25: Changes to foreign resident CGT scope

In the 2024–25 Federal Budget, the Government announced that it will make changes to the foreign resident CGT regime to ‘strengthen’ it and provide greater

Federal Budget

Federal Budget 2024-25: $20,000 instant asset write-off extended to 30 June 2025

In its 2024–25 Federal Budget handed down on 14 May 2024, the Government announced that it will extend the $20,000 instant asset write-off threshold for

Federal Budget

Federal Budget 2024–25 — promise of cost of living relief

On 14 May 2024, the Treasurer, Jim Chalmers, will deliver his third Federal Budget for the Albanese Government. The first two Federal Budgets focused primarily

News

TPB’s draft guidance on new breach reporting obligations

The Tax Practitioners Board (TPB) has released long-awaited draft guidance on the new breach reporting obligations due to commence 1 July 2024 setting out its

News

Trust tax return changes from 1 July 2024

Ahead of the 2024 tax lodgment season, the ATO has recently published an update on its trust administration changes for trustees, beneficiaries and tax agents

Two company announcements: 3 April 2024

As of 1 March, TaxBanter has officially joined the Count family of brands, marking a significant development in the tax education landscape. The acquisition significantly

News

Revised Stage 3 personal tax cuts now law

On 27 February 2024, Parliament passed the Treasury Laws Amendment (Cost of Living Tax Cuts) Bill 2024 (the Bill) containing the Government’s revisions to the

News

New ATO ruling on depreciation of composite assets

The ATO has recently finalised TR 2024/1 titled Income tax: composite items — identifying the relevant depreciating asset for capital allowances (the Ruling). The Ruling

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The Federal Budget Report is Now Available