June 2026 Australia - ATO Return and Schedule udpates
Name | Area | Change | Detail |
|---|---|---|---|
AMIT tax return (RC) | Workpaper | New | Question 13 - Reportable tax position: Are you required to lodge a reportable tax position schedule? If you answer Yes to this question, you must lodge a Reportable tax position schedule. |
CCIV sub fund tax return {RC} | Workpaper | New | Question 13 - Reportable tax position: Are you required to lodge a reportable tax position schedule? If you answer Yes to this question, you must lodge a Reportable tax position schedule. |
Company tax return {RA} | Reference list | Modified | Question 6 – Label E code - Gross distribution from trusts:
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Company tax return {RA} | Reference list | Modified | Question 8 – Label O - Functional currency chosen – added XCG Caribbean Guilder . |
Partnership tax return {RG} | Workpaper | Removed | Statement of distribution Label M - Exploration credits distributed. |
Fund income tax return {RF} | Workpaper | New | Question 19 - Reportable tax position: Are you required to lodge a reportable tax position schedule? If you answer Yes to this question, you must lodge a Reportable tax position schedule. |
Fund income tax return {RF} | Workpaper | Removed | Question 12 – Label E4 – Exploration credit tax offset. As a result, the formula in Label E Refundable tax offsets (E1 plus E2 plus E3 plus E4) has been updated. |
International dealings schedule {RG} | Reference list | Modified | Question 35 C Did you rely on the third party debt test? Label M and O: 6 – Terms covered by 2 and 3 7 – Terms covered by 1 and 3 |
International dealings schedule {RG} | Reference list | N/A | The ATO have advised that where the acquirer/disposer or the payer/recipient is tax resident of Australia, select country or jurisdiction code ATA (Antarctica) for the following questions: Question 35b Group ratio test – Labels K1d, K2d and K3d Question 58 Disallowed debt deductions as associate – Labels C1b, C2b and C3b |
Reportable tax position {RP} Company tax return | Reference list | New | Question 48: If you have relied on one or more targeted compliance approaches in Schedule 3 of Practice Compliance Guideline PCG 2025/2 Restructures and the thin capitalisation and debt deduction creation rules ATO compliance approach, select the relevant compliance approach(es) below:
In the Comments section, provide a description of the restructure. In providing this description you can refer to and incorporate by reference the description of the restructure that you've provided in the restructures section of your local file short form lodgment. |
Reportable tax position {RP} Company tax return | Reference list | New | Question 49: If your entity has made a distribution or part of a distribution during the income year that was directly or indirectly funded by the issue of equity interests, disclose the outcome you have self-assessed using the Practical Compliance Guideline PCG 2025/3 Capital raised for the purpose of funding franked distributions ATO compliance approach.
Write the relevant subcategory number in the RTP Category C subcategory field. For arrangements that aren't in the white or green zone, in the Comments field, provide details for each disclosed arrangement:
Where the arrangement has been subject to a review by us, provide our reference number. This can be found in the top right corner of correspondence from us relating to the review. If you have discussed the arrangement with us, outside of a formal review product, provide details of the discussion. |
Reportable tax position {RP} Company tax return | Reference list | New | Question 50: If your entity is a private company, has it guaranteed a loan from a financial institution to a related private company that has minimal or no distributable surplus? If so, did that related company on-lend (or pay) some or all of the amount borrowed amount to your entity's shareholders (or their associates) on terms that don't comply with the requirements of Division 7A of the Income Tax Assessment Act 1936 as described in:
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Reportable tax position {RP} AMIT and CCIV | N/A | New | The Reportable Tax Position (RTP) schedule has been added to the 2026 templates for the AMIT and CCIV tax return. Further information: For the full list of questions and detailed completion instructions, refer to the RTP schedule instructions 2026 – collective investment vehicles | Australian Taxation Office. |
Reportable tax position {RP} Fund tax return | N/A | New | The Reportable Tax Position (RTP) schedule has been added to the 2026 templates for the Funds income tax return. Further information: For the full list of questions and detailed completion instructions, refer to the RTP schedule instructions 2026 – collective investment vehicles | Australian Taxation Office. |
Trust tax return {RB} | Reference list | New | Primary production - Share of net income from trusts action code And Non-primary production - share of net income from trusts, less net capital gain, foreign income and franked distributions action code New : V = CCIV sub-fund trust Updated : F = Fixed trust - other than a fixed unit trust or public unit trust described in P, Q or UTO F = Fixed trust, other than a fixed unit trust, CCIV sub-fund trust, or public unit trust described in U, V, P or Q. U = Fixed unit trust (including a corporate collective investment vehicle (CCIV) sub-fund trust) - other than a public unit trust described in P or Q TO U = Fixed unit trust, other than a CCIV sub-fund trust or a public unit trust described in P or Q P = Public unit trust (listed) - other than a cash management unit trust TO P = Public unit trust (listed) - other than a cash management unit trust or CCIV sub-fund trust Q = Public unit trust (unlisted) - other than a cash management unit trust TO Q = Public unit trust (unlisted) - other than a cash management unit trust or CCIV sub-fund trust. |
Trust tax return {RB} | Workpaper | Removed | Question 54 Label G – Other refundable tax offsets. |
Trust tax return {RB} | Workpaper | New | Statement of distribution Label U2 - Franked distribution related to investments amount. |
Trust tax return {RB} | Workpaper | New | Statement of distribution Label H1 - Other assessable FSI from a financial investment amount. |
Trust tax return {RB} | Workpaper | Modified | Statement of distribution Label B1 – Non-PP NCMI is now Label B2. |
Trust tax return {RB} | Workpaper | Modified | Statement of distribution Label B2 – Non-PP Excluded from NCMI is now Label B3. |
Trust tax return {RB} | Workpaper | Removed | Statement of distribution Label M - Exploration credits distributed. |
Trust tax return {RB} | Workpaper | Modified | Declaration – wording change: This declaration must be signed by a trustee or public officer. TO This declaration must be signed by a trustee, if the trustee is a company, the declaration can be signed by the company's public officer or a director of the corporate trustee. |
Trust income schedule {RU} | Workpaper | Removed | Label M - Exploration credits distributed |