Latest announcements
- Personal Income Tax – new tax cuts for every Australian taxpayer
- Banning foreign purchases of established dwellings
Budget 2025-26
The government handed down the 2025-26 Budget on 25 March 2025, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).
|
Measure name |
Proposed start date |
Developments |
|---|---|---|
|
Personal Income Tax – new tax cuts for every Australian taxpayer |
1 July 2026 |
Treasury Laws Amendment (More Cost of Living Relief) Act 2025External Link Royal Assent 28 March 2025 |
|
Personal Income Tax – increasing the Medicare levy low-income thresholds |
1 July 2025 |
Treasury Laws Amendment (More Cost of Living Relief) Act 2025External Link Royal Assent 28 March 2025 |
|
Restricting Foreign Ownership of Housing |
1 April 2025 |
N/A |
|
Strengthening Tax Integrity: Extension and expansion to the Personal Income Tax Compliance Program |
1 July 2025 |
N/A |
|
Strengthening Tax Integrity: Extension and expansion to the Shadow Economy Compliance Program |
1 July 2025 |
N/A |
|
Strengthening Tax Integrity: Extension and expansion to the Tax Avoidance Taskforce |
1 July 2025 |
N/A |
|
Strengthening Tax Integrity: Extension to the Tax Integrity Program |
1 July 2026 |
N/A |
MYEFO 2024-25
The government handed down the 2024–25 MYEFO on 18 December 2024, with several changes to tax and superannuation laws (see budget.gov.auExternal Link).
|
Measure name |
Proposed start date |
Developments |
|---|---|---|
|
Addressing Surcharges |
1 January 2025 |
Commonwealth Entities (Payment Surcharges) Act 2024External Link Commonwealth Entities (Payment Surcharges) Tax (Imposition) Act 2024External Link Royal Assent 3 December 2024 |
|
Combatting Illegal Phoenixing – extending and enhancing the Phoenix Compliance Program |
1 July 2026 |
N/A |
|
Future Made in Australia – accelerating investment in Australian industries – Critical Minerals Production tax incentive |
1 July 2026 |
Future Made in Australia (Production Tax Credits and Other Measures) Act 2024External Link Royal Assent 14 February 2025 |
|
Future Made in Australia – accelerating investment in Australian industries - Hydrogen Production tax incentive |
1 July 2026 |
Future Made in Australia (Production Tax Credits and Other Measures) Act 2024External Link Royal Assent 14 February 2025 |
|
Housing – securing more affordable housing supply and better outcomes for renters |
1 January 2025 |
Capital Works (Build to Rent Misuse Tax) Act 2024External Link Royal Assent 10 December 2024 |
|
Strengthening Tax Compliance – boosting the Shadow Economy Compliance Program |
1 January 2025 |
N/A |