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Australia: Legislation excluding tobacco and gambling from R&D tax incentive and reducing fuel excise duties receive Royal Assent

30.4% reduction in fuel excise duties from July 1, 2026, to the day before indexation is applied in August 2026

July 6, 2026

The following Acts received Royal Assent on June 30, 2026:

  • Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Act 2026, which excludes research and development (R&D) activities related to tobacco and gambling from the R&D tax incentive and allows donors to claim a tax deduction on donations to deductible gift recipients even if they are valued less than AU$2
  • Treasury Laws Amendment (Fuel Excise Relief No. 2) Act 2026, which introduces a 30.4% reduction in the excise duty rates and excise equivalent customs duty rates for fuels, including petrol and diesel and similar petroleum-based products, from July 1, 2026, to the day before indexation is applied in August 2026

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