On Tuesday, 12 May 2026, Treasurer Jim Chalmers delivered the ‘most important and ambitious Budget in decades’. Certainly, the 2026-27 Federal Budget was ambitious, announcing significant reforms to capital gains tax and negative gearing in a bid to support home ownership and improve the fairness of the tax system. Outside of those headline changes, targeted […]
31
Jul
Jul
New legislation currently before the Australian Senate will amend the transitional provisions of the tax law, providing an increase to the instant asset write-off threshold to $20,000. This increase is in line with the 2023–24 income year, providing consistency for small business in understanding what new assets you can immediately deduct. Eligibility criteria The following […]
24
May
May
A 2024 Federal Budget announcement will allow greater flexibility for you if you are receiving Carer payment. Also, the announcement may mean that you will become eligible when you previously were unable to claim. Review of the new rules From 20 March 2025, the following changes will apply for recipients of Carer payment: Recipients will […]
22
May
May
The 2024 Federal Budget, which was released with a main focus on cost-of-living measures (among others) includes an energy bill relief for every household and small business. From 1 July 2024, the following one-off rebates will be applied to energy bills: $300 to all Australian households, and $325 to eligible small businesses. This measure includes […]
16
May
May
The Federal Treasurer, Dr Jim Chalmers, handed down the 2024–25 Federal Budget at 7:30 pm (AEST) on 14 May 2024. Described as a “responsible Budget that helps people under pressure today”, the Treasurer has forecast a second consecutive surplus of $9.3 billion. The main priorities of the government, as reflected in the Budget, are helping […]
by Debbie Reed, Director I would like to draw your attention to four proposals in the 2017 Budget which may affect your overall financial strategy. This article highlights a number of groups particularly impacted by Budget announcements including: Taxpayers earning more than $21,335; Retirees who are home owners; Investment property owners; Small business owners. In […]