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Showing 51 - 60 of 427 results for "Federal budget"

Green technology, clean energy receive Budget boost

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
... federal government has also allocated funding for innovative technology and clean energy manufacturing in the FY26 Federal Budget. It announced priority sector funding allocations from the $1.7 billion Future Made in Australia Innovation Fund, which ...

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... investment trusts to ensure "legitimate investors" keep their concessional withholding tax rates in Australia. Federal Budget documents said that change complements the Australian Taxation Office's strengthened guidelines to prevent misuse. This ...

Payday super on track, but so is the $3m super tax

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
... collections, higher contributions due to the strength in employment and an increase in tax from earnings on investments," Federal Budget documents state. In addition, the government confirmed payday super reforms are on track to start from 1 July 2026 ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers has kicked off the 2025-26 Federal Budget by declaring that cost-of-living pressures are "front and centre," unveiling two surprise tax cuts for all Australian taxpayers. From 1 July 2026, the 16% tax rate, which applies to taxable ...

Chalmers' warning on tariffs and trade wars

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers said the global economy is "volatile and unpredictable" when unveiling the Federal Budget tonight - highlighting the threat of a global trade war. "The 2020s have already seen a global pandemic, global inflation and the threat ...

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... sanctions available to the Tax Practitioners Board (TPB) to protect consumers against misconduct. As part of the Federal Budget, the Albanese government is enhancing sanctions the TPB can impose, modernising the registration framework for tax practitioners ...

Government makes record commitment to Medicare

MATTHEW WAI  |  TUESDAY, 25 MAR 2025
Handing down the Federal Budget, Treasurer Jim Chalmers said the government is reducing all prescriptions available through the pharmaceutical benefits scheme (PBS), as well as investing a "record" $7.9 billion in Medicare to lift bulk billing rates. ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... will also not be able to exploit loopholes that block staff from joining competitors. Announced as part of the Federal Budget for the impact it's expected to have on wages, non-compete clauses will be banned where they "have no justification and drag ...

What to expect in the 2025 Federal Budget

ELIZA BAVIN  |  TUESDAY, 25 MAR 2025
Treasurer Jim Chalmers will present the 2025 Federal Budget tonight, with years' worth of deficits expected to be revealed as well as ongoing cost-of-living relief. The ongoing cost-of-living relief is expected to take front and centre, especially as ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... government has released draft legislation to mandate payday super, a policy that was first flagged in the 2023-24 Federal Budget. The draft legislation stipulates that from 1 July 2026, employers must pay their employees' superannuation at the same ...