Australia Tax Agency Seeks Comments on Draft Legislative Instrument on Income Tax Filing for Parents

The Australian Taxation Office Feb. 13 opened a consultation on Draft Legislative Instrument No. LI 2026/D1, on income tax return filing requirements for parents liable for, or entitled, to child support for 2026. The draft instrument includes measures to: 1) require the filing of income tax returns for individuals who, for at least one day in 2026, were liable parents or caregivers entitled to child support, excluding non-parent caregivers; 2) exempt individuals whose combined taxable and reportable amounts for 2026 are below A$31,047 (US$21,944), and who received specified Australian Government pensions or allowances for the entire year; and 3) set ...