Newsletter
FEDERAL BUDGET NEWSLETTER
PERSONAL TAXATION
Personal tax rates and more
In the Budget, the Government did not announce any personal tax rates changes. The Stage 3 tax changes commence from 1 July 2024, as previously legislated...
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BUSINESS TAXATION
Deduction boosts for small businesses and more
The Government announced two support measures for small businesses (aggregated annual turnover less than $50 million) in the form of a 20% uplift of the amount deductible...
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COST OF LIVING MEASURES
$250 cost of living payment and more
The Government will make a $250 one-off cost of living payment in April 2022 to six million eligible pensioners, welfare recipients, veterans and eligible concession card holders...
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TAX COMPLIANCE AND INTEGRITY
Digitalising trust income reporting and more
The Budget confirms the Government’s previously announced intention to digitalise trust and beneficiary income reporting and processing...
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SUPERANNUATION
Super guarantee and more
The Budget did not announce any change to the timing of the next super guarantee (SG) rate increase. The SG rate is currently legislated to increase from 10% to...
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