In the most recent changes to CGT and trust taxation were not enough for you, the Federal Government has released five more pieces of legislation for consultation reflecting the promises made in the Federal Budget.

The latest round of legislation cuts across the following areas of tax law:

• Innovative Business CGT Concessions, click here;
• Venture Capital Partnerships and Early-Stage Venture Capital Partnerships click here;
• Research & Development (“R&D)” Concession, click here;
• PAYG – Monthly Instalments, click here; and
• FBT – Electric Cars, click here.

The latest round of legislative changes were part and parcel of the Federal Budget, however, they received less attention than the CGT discount, negative gearing and trust taxation changes.

Whilst released in exposure draft form and with a consultation period closing on 28 September 2026, the changes are anticipated to be enacted broadly as currently drafted taking effect from 1 July 2027.

The ongoing uncertainty caused by the Federal Governments approach to enacting its announcements means that taxpayers are experiencing a high level of instability.  This flows through the structures utilised by taxpayers for businesses and investments as well as the anticipated commercial and taxation outcomes.

Consistent with the recently released CGT and trust taxation legislation, the exposure drafts are complex in nature and contain the provision of legislative instruments which give flexibility to the law but by their very nature uncertainty.

The timing of the consultation period and the sitting calendar of the Parliament, indicates that the Federal Government are seeking to have this legislation, along with the trust taxation and other CGT changes passed before Christmas.

Should you have any questions please reach out to your ESV Engagement Partner.