Australia/New Zealand

February 2026 Australia - Corporate

This document outlines the final content changes included in this release. We recommend reviewing these changes to assess any potential impact on your existing data and business processes.
For any questions or further assistance regarding the release notes, contact Support ANZ:
The following templates are scheduled to be deployed as part of the release.
Content set
Release date
AU Company Tax V2.47
24th February
AU Consolidated Company Tax V2.30
24th February

Known ATO issues

This section outlines the current known issues related to ATO Efiling.
note
In some instances, the instructions provided on the ATO website may differ from the official Efiling rulings.
Description
Raised
Solution available
Error message 'CMN.ATO.GEN.DUPLICATE ENTRY' received when lodging company tax returns (CTR) with substituted accounting period (SAP). TOFA If you receive this error, remove the ABN from the return and attempt to lodge again. If you have attempted to relodge and still receive the error, please contact the Thomson Reuters Support Team who will ensure that a case is lodged with the ATO.
2022
N/A
When completing the International Dealings Schedule, it is important to be aware that there are discrepancies between the order presented in the Efiling rules and the instructions provided online by the ATO. Appendix 10 on the ATO website outlines a sequence that differs from the official order used for Efiling. This has been raised with the ATO.
2025
N/A

Additional information

This section provides important information to help you get the most out of the latest release. Here, you’ll find helpful tips, details on any additional steps you may need to take after upgrading, and a list of known issues that may affect your experience. We recommend reviewing this section carefully to ensure a smooth transition.
Description
Raised
Reported
Solution available
AU Company Tax
Pushdown updates for cell overrides
In some cases, overrides were appearing on pushdown settings. These have been updated. A pushdown refresh may be required in the entity calculation to "refresh" settings after upgrade.
Q1 26
N/A
All Printing
When changes are made to page breaks on upgrade it will not clear previous page breaks, to ensure to Printing correctly, please "Reset all Page Breaks" on the impacted sheets.
Page breaks can also be removed and added to deliver desired printing results.
N/A
N/A
Company tax return {RA}
Question 7, when Label M Have you applied an exemption or rollover code, is set to "Yes", please select the row below and insert row to be able to enter details.
Q2 25
TBA
Balance sheet audit trail {F3}
Income statement audit trail {F4}
(Company Tax)
Lines are doubling up when both OCT and OTP are used. Workaround: Do not enter amounts in balance sheet and income statement when using OTP.
Q2 25
TBA
Borrowing costs {BG}
In some upgrades, a mixed currency error will appear on the Write-off period (year) column, if this occurs please update currency on the cell to scalar via currency settings.
Q4 2025
N/A
Mapping Intangibles – Other {BJ}
Review after upgrade as in some scenarios it may require remapping.
Q4 2025
N/A
Sundry DTA/DTL {BV} (Company Tax)
An update has been made to 2.141 and above to resolve the previous issue where closing balance data from the trial balance were not flowing through to the Sundry DTA/DTL {BV} workpaper.
To ensure closing balances are mapped and displayed correctly, please follow these steps:
  • Check account mappings for any line items using the Sundry DTA/DTL {BV} worksheet (such as "other current assets").
  • Make sure that account codes are mapped to the
    Closing balance
     target, not
    Accounting values
    .
The following steps may be required:
  • Upgrade calculations to the latest NextGen template version available.
  • In one calculation, delete the BV sheet, save changes, then reinsert the BV sheet.
  • In the mappings, select
    Refresh
    . It may then be necessary to un-map and re-map GL accounts from
    Accounting values
     to
    Closing balance
    .
  • Rerun the trial balance import. The closing balances should now appear correctly in the BV workpaper.
Q2 25
TBA

Updates

Worksheet
Description
Calculation setup {S2}
AU Consolidated Company Tax
A new
Nil
 option has been added to the question "Ultimate tax group capital gain position". This option should be selected where the tax group's capital gain position is neither a gain nor a loss.
Sundry STI adjustments {A15}
AU Company Tax
The Control Totals per Thin Capitalisation Supporting Calculations – General section and the following thin capitalisation line items have been removed:
  • Thin Capitalisation – debt deduction disallowed
  • Prior period thin capitalisation – debt deductions claimed.
Please use 1 of the following for relevant tax adjustment:
  • Various adjustments – permanent {D1}
  • Various adjustments – temporary {B6}
  • Sundry {BV}
Further updates will be coming in the 2026 Tax time releases.
Thin Capitalisation – general class investors {A30}
AU Company Tax
Renamed
Taxable Income/(loss) before prior period loss utilisation (and before Thin cap adj.)
 to
Taxable Income/(loss) before prior period loss utilisation
 and updated the formula to remove references to the deleted items in A15 sheet. Added 2 new line items after the renamed row
Taxable Income/(loss) before prior period loss utilisation
:
  • Reversal of Thin cap adjustments already included: (minus for addback, plus for subtraction)
  • Taxable Income/(loss) before prior period loss utilisation (and before Thin cap adj.)
Balance Sheet {B}
AU Company Tax, AU Consolidated Company Tax
The warning "There are amounts in the Suspense account. Please check and adjust as required" triggers when there is an amount in the suspense account above variance threshold amount set in calculation setup {S1}.
Mapping
Borrowing Cost {BG}
Business related cost {BH}
Intangibles – other {BJ}
Investments – other – current {BK}
Closing balance per GL column has been removed from Borrowing cost {BG} and Business related cost {BH}. Standard control totals still apply. Intangible – other {BJ} has been updated to correct mapping targets. Investment – other – current {BK} has been updated to correct mapping targets.
Please note that accounts may become unmapped after upgrade and will need to be remapped accordingly.
Income statement {D}
AU Company Tax, AU Consolidated Company Tax
The Form C label for
Leases - variable expenses (ROU)
 has been updated from 6S to 6F.
TEA configuration {S3}
AU Consolidated Company Tax
The
T9 Display manual under/(over) entry?
 setting has been removed because it's unnecessary in NextGen.
Current Tax {T1}
AU Company Tax
The formula for
Entity current tax expense/(benefit)
 has been corrected, as it was incorrectly adding the "tax on taxable income/(tax loss)" row following the removal of the R&D recoupment tax.
Income tax note {T8}
AU Company Tax, AU Consolidated Company Tax
The row for
Difference in overseas tax rates
 is now available for manual entry.
Fixed Assets {C*}
Fixed asset workpapers have been renamed to improve presentation in the workpaper list panel.
  • C1: FA - accounting/tax summary
  • C2: FA - accounting - summary
  • CA1: Acc - tangible - land, site and buildings
  • CA2: Acc - tangible - other
  • CA3: Acc - tangible - mining and exploration
  • CA4: Acc - intangible - other
  • CA5: Acc - intangible - mining and exploration
  • CA8: Import - accounting
  • CA9: Import - cost - accounting
  • C3: FA - tax - summary
  • CB1: Tax - tangible - land, site and buildings
  • CB2: Tax - tangible - other
  • CB3: Tax - tangible - mining and exploration
  • CB4: Tax - intangible - other
  • CB5: Tax - intangible - mining and exploration
  • CB8: Import - tax
  • CB9: Import - cost - tax
  • C4: FA - TEA proof
Fixed assets – tax – intangible – other {CB4}
Fixed assets import {CB8}
Fixed assets import – cost – tax value {CB9}
AU Company Tax
When the category
Software development pool
 is selected, the deduction for project pool can no longer be manually entered.
Company tax return {RA}
E-filing updates have been implemented to resolve validation error CMN.ATO.GEN.438019.
International dealings schedule {RG3}
Question 35b Label A is now available regardless of entity type selected, this will be defaulted to No
International dealings schedule {RG3}
Have updated Formulas for Q35e Label A, to only be answered when you have selected at Q32 Label A - general class investors under subsection 820-42(2)
This will then correct the selection available in Q39, where if Question 35e answered it is assuming you are a general class investor
Label E has also been updated to only answer if label A is
Yes
.
International dealings schedule {RG5}
E-filing updates have been implemented to resolve validation error CMN.ATO.GEN.XML04 for Associate Pairs.

This article applies to:

  • Product: ONESOURCE Corporate Tax