Overview
The Income Tax Rates Amendment (Tax Reform No. 1) Act 2026 (Act No. 50 of 2026) was registered on 26 June 2026 and is currently in force. The Act amends the Income Tax Rates Act 1986 and is administered by the Department of the Treasury.
What the source says
The source document does not specify what rate changes the Act introduces, which income brackets or entities are affected, or when any amended rates take effect. The full text of the Act contains those details.
Key actions
- Read the full text of the Act at https://www.legislation.gov.au/C2026A00050 to find out what income tax rate changes have been made and whether they affect your business or personal tax obligations.
- Contact your accountant or tax adviser to confirm whether the new rates affect your PAYG withholding, tax instalments, or end-of-year tax position.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.