The 2024 Federal Budget focuses on providing cost of living relief through July 1 tax cuts, lower power bills, higher welfare payments, and additional funding for aged care home care packages. 2024/25 Federal Budget Summary Cost of Living Energy bill relief: All Australian households will receive … [Read more...]

The 2023 Federal Budget focuses on providing cost of living relief through lower power bills, higher welfare payments and more support for small business and housing. 2023 Federal Budget Summary Cost of Living Energy bill relief: An electricity bill credit of up to $500 will be available in … [Read more...]

The latest Federal Budget focuses on providing relief for those with children, homebuyers and social security recipients whilst maintaining pre-election commitments. 2022 Federal Budget Summary Personal taxation No changes to personal income tax: The Budget did not contain any measures … [Read more...]

This year’s Federal Budget covers a range of measures aiming to reduce the pressure from increased costs of living and help more people into homes. 2022 Federal Budget Summary Taxation Increase to the low and middle income tax offset (LMITO), providing an additional $420 to reduce tax payable … [Read more...]

Treasurer Josh Frydenberg has revealed this year’s Federal Budget, covering a range of measures including superannuation, tax and support for home buyers. 2021 Federal Budget Summary Taxation Extension of the low and middle income tax offset (LMITO) for an additional 12 months Tax relief … [Read more...]