Income Tax Point-in-Time Service Updates

The Income Tax Point-in-Time Service has been updated to include the Oversight Legislation Amendment (Robodebt Royal Commission Response and Other Measures) Act 2025 (Cth) (Act No 7 of 2025), the Future Made in Australia (Production Tax Credits and Other Measures) Act 2025 (Cth) (Act No 9 of 2025), the Administrative Review Tribunal (Miscellaneous Measures) Act 2025 (Cth) (Act No 14 of 2025), the Veterans' Entitlements, Treatment and Support (Simplification and Harmonisation) Act 2025 (Cth) (Act No 17 of 2025), and the Family and Other Laws (Superannuation) (Repeal and Consequential Amendments) Regulations 2025 (Cth).

Act 7 of 2025

This Act amends the Ombudsman Act 1976 (Cth) and the Inspector-General of Taxation Act 2003 (Cth) to implement the Government’s response to recommendations 21.1 and 21.2 of the Report of the Royal Commission into the Robodebt Scheme. The amendments contained in the Act would bolster the powers and capability of the Commonwealth Ombudsman (Ombudsman) and the Inspector-General of Taxation and Taxation Ombudsman (IGTO) by:

• imposing a statutory duty on agency heads and their staff to use their best endeavours to assist the Ombudsman and the IGTO in the performance of all their functions; and
• enhancing the Ombudsman’s and IGTO’s powers to obtain full, free and direct access to agency records by requiring agencies to provide all reasonable facilities and assistance.

Act 9 of 2025

This Act includes amendments to the Income Tax Assessment Act 1997 (Cth), the Taxation Administration Act 1953 (Cth) and the Income Tax Assessment Act 1936 (Cth) in order to establish:

• the Hydrogen Production Tax Incentive (HPTI), in the form of a new tax offset called the hydrogen production tax offset; and
• the Critical Minerals Production Tax Incentive (CMPTI), in the form of a new refundable tax offset, the CMPTI tax offset, to support the processing of critical minerals in Australia.

Act 14 of 2025

This Act makes further and consequential amendments related to the abolishment of the Administrative Appeals Tribunal (AAT) and the establishment of the Administrative Review Tribunal (the Tribunal). The Act includes amendments to update references to the AAT; make technical amendments to support the efficient conduct of Tribunal review; and ensure the legislation operates as intended.

Act 17 of 2025

This Act aims to simplify and harmonise the existing tri-Act framework of legislation governing veterans’ entitlements, rehabilitation and compensation arrangements. The Act also makes consequential amendments to the Social Security Act 1991 (Cth), the Income Tax Assessment Act 1936 (Cth), and the Income Tax Assessment Act 1997 (Cth).

Family and Other Laws (Superannuation) (Repeal and Consequential Amendments) Regulations 2025

These Regulations repeal the Family Law (Superannuation) Regulations 2001 (Cth) and make other consequential amendments, including to the Income Tax Assessment (1997 Act) Regulations 2021 (Cth), in order to give effect to the Family Law (Superannuation) Regulations 2025 (Cth).

These amendments have been updated in the Point-in-Time Income Tax Service current to 12 March 2025 (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.