The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. According to election guru Antony Green, the window for the next election starts on Saturday, 3 August 2024, “the first possible […]
The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years. The surplus was driven by a surge in the corporate and individual tax take. High commodity prices, inflation, and high employment have all pushed up corporate and individual tax receipts. But the gains can’t be relied
Budget 2023-2024 round up Read More »
The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you, your superannuation and your business. Little has been released to date on the impending Budget beyond the tax on super balances above $3m and the decision not to
The 2022-23 Budget is safe and ballot box friendly with a focus on jobs, cost of living, home ownership, and health. Key initiatives include: A 6 month, 50% reduction in fuel excise with effect from midnight Budget night A $420 cost of living tax offset for low and middle income earners from 1 July
Federal Budget 2022-23 Read More »
The 2021-22 Federal Budget, released on Tuesday evening, has been described as the “Balancing Act Budget” by some commentators due to the numerous demands that the government is trying to manage: the continued recovery from the COVID-19 pandemic, the ballooning deficit, investment in the long-term and the fact it is an election year! Key initiatives
2021-22 Federal Budget Read More »
