[no bill text published] R&D Tax Incentive Exclusions for Gambling, Tobacco and Vaping Products
Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Entities cannot claim the Research and Development Tax Incentive for activities involving gambling, tobacco, vaping goods or nicotine products; an exception exists for activities that generate knowledge to minimise harm.
Trustees must report a beneficiary's tax file number to the Commissioner if the beneficiary is entitled to a share of trust income.
The Commissioner must notify a trustee if a beneficiary's tax file number is wrong; this notice is backdated to when the wrong number was first quoted.
Taxpayers can now claim deductions for gifts or contributions regardless of whether they meet a $2 threshold.
Qualified individuals can act as trustees or directors of a Self-Managed Superannuation Fund in place of a member if a Public Trustee is managing the member's affairs.