Federal Budget 2023-24: Focus on tax
May 10, 2023
Tax measures were less central to this year’s Federal Budget than they have been in recent years. While there were some new tax measures, the Budget this year was more about the first surplus in 15 years and various spending measures. After highlighting the gloomy outlook for the global economy, Treasurer Jim Chalmers emphasised Australia’s…
Federal Budget 2023-24 Analysis: What does it mean for you?
May 10, 2023
A surplus for now but stormy seas ahead Treasurer Jim Chalmers bills his 2023 Federal Budget as an economic strategy to help ease cost-of-living pressures. To that end, he has delivered a modest but welcome package of cuts to healthcare, housing and energy costs as well as boosts to welfare payments for single parents and…
Federal Budget 2022-23: From a tax perspective
October 27, 2022
Quiet on the tax front, for now For once, tax measures took a back seat in a Federal Budget, with the second version for this year being billed as a “solid and sensible Budget suited to the times”. The October 2022 Budget resisted the recent trend to continually tinker with our tax system, but it…
October 2022-23 Federal Budget Analysis
October 26, 2022
Budget October 2022: sign of the times In his first Budget, Treasurer Jim Chalmers’ emphasised the three Rs – responsible budget repair and restrained spending, right for the times. For good measure, resilience also got a mention with spending targeted at building a more modern economy to deal with the challenges ahead. This is the…
The Rich Life Vol 56
March 31, 2022
Welcome to an early Federal Budget edition of our April newsletter. As the Morrison Government clears the decks ahead of a May election, Australians will be weighing up the impact on their household budgets. The war in Ukraine added a major new source of uncertainty to the local and global economic outlook in March. Economic…
Federal Budget 2022-23: Spotlight on tax
March 31, 2022
Tax offsets and temporary cuts were at the heart of this year’s Federal Budget as the government attempts to woo voters in the run-up to the election. Treasurer Josh Frydenberg emphasised the crucial role of his tax measures in helping Australians cope with the growing cost of living pressures and in supporting the small businesses…
Federal Budget 2022-23 Analysis
March 30, 2022
Budget 2022: a balancing act Billed as a Budget for families with a focus on relieving short-term cost of living pressures, Treasurer Josh Frydenberg’s fourth Budget also has one eye firmly on the federal election in May. At the same time, the government is relying on rising commodity prices and a forecast lift in wages…
Federal Budget 2019
April 3, 2019
Paving the way to an election… Treasurer Josh Frydenberg’s first budget signals a return to surplus for the first time in 12 years. Highlights from the budget include: Bigger tax cuts A boost to regulation and compliance in the wake of the Banking Royal Commission Healthcare and welfare investment, and Support for older Australians through…
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