Latest Australian Taxation News

The Australian Taxation Office has issued a final Class Ruling clarifying the tax treatment of TPG Telecom’s recent $3 billion capital return and special dividend, confirming no part of the capital return is taxable as a dividend.

Race Oncology has received a $2.8 million Australian R&D tax refund for FY2025, with further overseas R&D rebates expected, bolstering its clinical development of innovative cancer therapies.

Bio-Gene Technology Limited has received a $519,500 R&D tax incentive from the Australian government, supporting its development of innovative bio-insecticides targeting insecticide resistance.

Wide Open Agriculture has received a $586,624 tax rebate for its overseas research activities in Germany, supporting the commercialisation of its proprietary lupin protein products.

QuickFee Limited has announced a shareholder-approved return of capital totaling approximately A$28.5 million, funded by proceeds from the sale of its US Pay Now and Connect businesses. Shareholders will receive 7.5 cents per share, with payments scheduled for early December.

Astron Limited has received a pivotal Australian Taxation Office Class Ruling confirming capital gains tax roll-over relief for shareholders following its redomicile from Hong Kong to Australia. This development streamlines the company’s structure and offers potential long-term benefits to investors.

Infomedia Limited shareholders have overwhelmingly approved a scheme of arrangement for acquisition by a TPG Capital-managed entity, with final court approval scheduled for 21 November 2025. The deal will lead to Infomedia’s delisting from the ASX and includes a special dividend and tax ruling application.

Eastern Metals Limited updates shareholders on its in specie return of capital, distributing Australian Gold and Copper shares at a ratio of 1 for every 36 EMS shares held. Key approvals are secured, with distribution scheduled for November 2025.

Senetas Corporation has streamlined its operations following the sale of Votiro, reporting a strong financial position and unveiling plans for a significant capital return and share consolidation.

RocketBoots Limited has renewed its pivotal contract with a major Australian retailer, extending an eight-year partnership and securing upfront cash payments. The company also anticipates additional inflows from banking sector pilots and R&D tax incentives, underpinning its growth trajectory.

BlackRock Investment Management (Australia) Limited has announced confirmed cash distributions for three Australian iShares ETFs, with payments scheduled for 19 November 2025. Investors are reminded to update bank details and complete tax certifications ahead of the payment date.

State Gas Limited is on the cusp of securing its first 2P Reserve certification for the Rolleston West Project, while progressing its innovative High Density Natural Gas technology despite financial and operational hurdles.