The Income Tax Assessment (1997 Act) Amendment (Term Subordinated Note) Regulations 2025 introduces important changes to ensure consistent tax treatment for bail-in bonds issued by both Australian and foreign-regulated banks. These regulations align Australia’s tax approach with global standards by allowing financial instruments subject to non-viability conditions—whether issued by local or foreign institutions—to be treated […]

A recent Administrative Review Tribunal (ARTA) decision has reaffirmed the long-standing principle that medical expenses are not tax-deductible under Australian tax law — even when they relate to health conditions that end a person’s employment. The case, Wannberg and Commissioner of Taxation (Taxation) [2025] ARTA 1561, offers a timely reminder for Sydney taxpayers and retirees