Treasury Laws Amendment (Tax Reform No. 4) Bill 2026

Summary

Amends the: Income Tax Assessment Act 1936, Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Taxation Administration Act 1953 to provide investors in eligible innovative start-up companies with access to a 50 per cent capital gains tax discount; Income Tax Assessment Act 1997, Income Tax (Transitional Provisions) Act 1997 and Industry Research and Development Act 1986 to simplify and refine the research and development tax incentive; Income Tax Assessment Act 1997 and Venture Capital Act 2002 to expand venture capital tax incentives; Taxation Administration Act 1953 to enable entities to choose to pay Pay As You Go (PAYG) instalments monthly and enable the Commissioner of Taxation to require monthly instalments from certain non-compliant taxpayers; and Fringe Benefits Tax Assessment Act 1986 to phase in changes to the fringe benefits tax treatment of eligible electric cars.