The 2025 Federal Budget provides cost of living relief through tax cuts, lower power bills, reduced co-payment for medicines and other measures. 2025/26 Federal Budget Summary Note: Unless stated otherwise, these changes are proposals only and may or may not be made law. Cost of Living Energy … [Read more...]
Federal Budget 2024
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...]
Federal Budget 2023
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...]
Federal Budget October 2022
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...]
Federal Budget 2022
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...]