All of the latest tax news, views and clues for July 2023.

This Alert addresses:

  • Tax scams – Around 20,000 scam reports have been received to date this year, and ATO impersonation scams are becoming increasingly commonplace. We share some of the common tricks used by scammers.
  • “Buy now pay later” sector facing more regulation – The government is moving to bring BNPL products within the scope of the Credit Act with a tailored version of the general responsible lending obligations.
  • Minimum pension payment changes – A reminder the temporary 50% reduction in the minimum pension drawdown rate for superannuation and annuities will no longer apply from 1 July 2023.