AUSTRALIA Law and Practice Contributed by: Scott Colvin, Warren Scott and Lachlan Speirs, Archer Scott Lawyers
Tax, Superannuation, Climate and Consumer Law Australia’s Pillar Two global and domestic minimum tax is bedding in, with its domestic minimum tax rec - ognised as having QDMTT safe harbour status on the OECD central record, alongside public country-by- country reporting and continuing multinational integ - rity measures. The Payday Super reforms, requiring the superannuation guarantee to be paid each pay - day, take effect from 1 July 2026. Mandatory climate-related financial disclosure is being phased in for large entities and financial institutions, with thresholds expanding through 2026 and 2027. The government is considering a general prohibition on unfair trading practices, while enforcement of the unfair contract terms regime, which has carried civil penalties since November 2023, remains a regulator priority.
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