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 first budget from a federal... View Article
Paving the way to an election Treasurer Josh Frydenberg has delivered a ‘back in the black’ Budget aimed squarely at voters, stressing the Morrison Government’s commitment to financial discipline and low taxes. As expected, the Treasurer signaled sweeping tax cuts and major infrastructure spending if the Coalition wins the upcoming federal election widely expected to be held in May. This... View Article
In what is likely to be the final Budget before the Federal Election, tax cuts are again being used to woo voters. The centrepiece of the May 2018 Budget is a new 7-year personal tax plan consisting of a three-step process involving immediate tax relief, protection from bracket creep and simplification of the tax system. Personal tax cuts The initial... View Article