Newsletter
FEDERAL BUDGET NEWSLETTER
PERSONAL TAXATION
Personal tax rates unchanged for 2022–2023
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
Previously announced measures: eight abandoned, three deferred The Labor Government has reviewed a number of tax and superannuation related measures that had been announced by the previous Government, but not enacted...
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HOUSING MEASURES
Regional First Home Buyers Guarantee Scheme; Housing Australia Future Fund
The Government has announced that it will establish a Regional First Home Buyers Guarantee. Its aim will be to encourage home ownership in regional locations...
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TAX COMPLIANCE AND INTEGRITY
Increased funding for ATO compliance programs
As appears to be standard practice in modern Budgets, the Government will increase funding for the ATO in the following areas...
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SUPERANNUATION
SMSF residency changes delayed
The Government confirmed that the changes to the SMSF residency rules, previously announced in the 2021–2022 Budget to commence from 1 July 2022, will now start...
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