The Australian Taxation Office (ATO) has released a draft legislation titled “LI 2025/D1 Taxation Laws (Requirement to Lodge a Return for the 2025 Year) Instrument 2025” on 26 February 2025, outlining the requirements for tax returns for the year 2025.

The legislation includes income tax returns, venture capital deficit tax returns, and ancillary fund returns. The draft also specifies filing deadlines and covers self-managed superannuation fund returns.

The consultation is set to conclude on 26 March 2025.