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October 2026

  • TaxOfficial change

    Draft rules would raise proprietary company reporting thresholds from 1 July 2027 Proposed, not yet law

    Treasury has released draft regulations that would raise the thresholds for large proprietary companies to $100 million consolidated revenue (from $50 million) and $50 million consolidated gross assets (from $25 million), for financial years starting on or after 1 July 2027. This is a consultation draft, not law. Consultation closes 2 November 2026.

    Who this affects. Doctors with a company in a practice or group structure that is near the current large proprietary company thresholds. Whether it matters depends on your own circumstances.

    Included / Not included

    Included

    • the proposed revenue and gross asset thresholds
    • the proposed start
    • the consultation close date

    Not included

    • the employee-count test
    • the final law (not made yet)
    • state rules
    Treasury ministers media release, 19 Oct 2026Practice structures

    Starts 1 Jul 2027 (proposed) · Checked 21 Oct 2026

    No public threads linked yet.

  • TaxOfficial change

    Trusts tax bill introduced: 30% minimum tax on discretionary trusts proposed from 1 July 2028 Proposed, not yet law

    The Treasury Laws Amendment (Tax Reform No. 3) Bill 2026 was introduced in the House of Representatives on 14 October 2026 and is before the House. On 15 October 2026 it was referred to the Senate Economics Legislation Committee, with a report due 13 November 2026. It can still change, or fail to pass.

    Who this affects. Doctors who use a family trust, a service trust for their practice, or a trust that holds investments may be affected if the bill passes in its current form. The roll-over and election options are part of the proposal and are not available yet. Whether any of this matters for your situation depends on your own circumstances.

    Bill homepage, Parliament of AustraliaPractice structuresTax sketch

    Starts 1 Jul 2028 · Checked 21 Oct 2026

    No public threads linked yet.

September 2026

  • RatesOfficial change

    Cash rate rose to 4.60%

    The Reserve Bank raised the cash rate target by 0.25 percentage points, to 4.60%, effective 30 September 2026.

    Who this affects. Anyone with a variable home loan. All states. Consultants and registrars with a mortgage feel it first.

    What it means. If a 30-year principal-and-interest loan of $800,000 moved by the same 0.25 percentage points, from 6.00% to 6.25%, the repayment is about $129 more a month. A home-loan rate is not the cash rate. Open the pre-filled sketch

    RBA cash rateMortgage at 6.25%Switching the loan

    Starts 30 Sep 2026 · Checked 21 Oct 2026

    No public threads linked yet.

    Coming up

    Trending in doctor chats

    Links to third-party discussions, not reviewed advice.

    Refreshed 11 October 2026

    No discussions yet.

  • RatesNumber of the week

    4.60% — the cash rate target

    The target has been 4.60% since 30 September 2026. A home-loan rate is not the cash rate. The mortgage sketch uses an example variable rate, not this number.

    Who this affects. A single published number for anyone comparing a variable rate. All states.

    RBA cash rateOpen the mortgage sketch

    Starts 30 Sep 2026 · Checked 21 Oct 2026

    No public threads linked yet.

  • TaxOfficial change

    Foreign-resident CGT rules started 1 October

    Tighter integrity rules apply when a foreign resident disposes of certain Australian property from 1 October 2026. The house and rent sketches still use current law, and they say so. Separate from that: Law since 26 June 2026 (Tax Reform No. 1 Act 2026). From 1 July 2027, negative gearing of residential property is limited to new builds. Properties held at 7:30pm AEST on 12 May 2026 are exempt from the negative gearing change. From 1 July 2027 the 50% CGT discount is replaced by cost base indexation and a 30% minimum tax rate, for gains that accrue after that date. General information only.

    Who this affects. Doctors who are not Australian residents for tax, and anyone selling property while non-resident. All states.

    ATO capital gains taxHouse costsRent vs buyATO tax reform (updated 29 Jun 2026) ↗Tax Reform No. 1 Act 2026 ↗

    Starts 1 Oct 2026 · Checked 21 Oct 2026

    No public threads linked yet.

  • TaxOfficial change

    30% minimum tax on discretionary trusts announced for 1 July 2028 Not yet law

    On 12 May 2026, in the 2026–27 Budget, the Government announced a 30% minimum tax on discretionary trusts from 1 July 2028. The ATO page says this measure is not yet law. It applies at trustee level. Non-corporate beneficiaries presently entitled can claim a non-refundable credit for tax paid by the trustee. A time-limited 3-year restructure rollover is available from 1 July 2027.

    Who this affects. Doctors who receive income through a discretionary trust. The ATO page says this measure is not yet law.

    Included / Not included

    Included

    • the announced 30% minimum tax
    • the 1 July 2028 start
    • application at trustee level
    • the non-refundable credit for non-corporate beneficiaries presently entitled
    • the 3-year restructure rollover from 1 July 2027

    Not included

    • the final law (the ATO page says it is not yet law)
    • a tax calculation
    • any adviser
    ATO — minimum tax on discretionary trusts, last updated 3 September 2026Practice structuresBudget factsheet

    Starts 1 Jul 2028 · Checked 22 Oct 2026

    No public threads linked yet.

July 2026

  • SuperOfficial change

    Concessional cap is $32,500 this year

    The concessional contributions cap for 2026–27 is $32,500. Super, packaging and the contribution waterfall use that figure.

    Who this affects. Employees and private doctors adding to super before tax. All states. Matters once employer super is already close to the cap.

    ATO key superannuation rates and thresholdsSuper sketchWhere the next dollar goes

    Starts 1 Jul 2026 · Checked 21 Oct 2026

    No public threads linked yet.

  • SuperOfficial change

    Division 296 is law for 2026–27

    Extra tax on the share of relevant super earnings above a $3 million total super balance, and a further slice above $10 million. First income year 2026–27. This is not the 2023 unrealised-gain proposal. Not an assessment.

    Who this affects. Consultants and late-career doctors whose total super balance is near or over $3 million. All states.

    ATO — how Division 296 tax is calculatedDivision 296 sketch

    Starts 1 Jul 2026 · Checked 21 Oct 2026

    No public threads linked yet.

  • SuperOfficial change

    Payday Super: SG with the payslip

    From 1 July 2026 employers pay the superannuation guarantee with wages, not in a quarterly lump. The 12% rate itself did not change on that date. The timing did.

    Who this affects. Hospital employees and anyone paid a wage. All states. Registrars see it on the payslip.

    ATO Payday SuperHospital packaging

    Starts 1 Jul 2026 · Checked 11 Oct 2026

    No public threads linked yet.

May 2026

  • TaxOfficial change

    CGT discount replaced for gains from 1 July 2027 (now law)

    Law since 26 June 2026 (Tax Reform No. 1 Act 2026). From 1 July 2027, negative gearing of residential property is limited to new builds. Properties held at 7:30pm AEST on 12 May 2026 are exempt from the negative gearing change. From 1 July 2027 the 50% CGT discount is replaced by cost base indexation and a 30% minimum tax rate, for gains that accrue after that date. General information only.

    Who this affects. Doctors holding a rental or shares in their own name. All states.

    ATO tax reform (updated 29 Jun 2026)House costsThe Act on legislation.gov.au ↗

    Starts 1 Jul 2027 · Checked 21 Oct 2026

    No public threads linked yet.

  • PropertyOfficial change

    Negative gearing: limited to new builds from 1 July 2027 (now law)

    Law since 26 June 2026 (Tax Reform No. 1 Act 2026). From 1 July 2027, negative gearing of residential property is limited to new builds. Properties held at 7:30pm AEST on 12 May 2026 are exempt from the negative gearing change. From 1 July 2027 the 50% CGT discount is replaced by cost base indexation and a 30% minimum tax rate, for gains that accrue after that date. General information only.

    Who this affects. Doctors with a rental property. All states.

    ATO tax reform (updated 29 Jun 2026)House costsTax Reform No. 1 Act 2026 ↗Treasury: what changes for investors ↗

    Starts 1 Jul 2027 · Checked 21 Oct 2026

    No public threads linked yet.

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Also · NSW

News

Draft rules would raise proprietary company reporting thresholds from 1 July 2027

1 Jul 2027 (proposed)

Coming up

Next salary-packaging year

1 Apr 2027

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