Source:
Latest announcements
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 |
|---|---|---|
|
Amendments to Existing Measures: Extending the clean building managed investment trust withholding tax concession |
1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later |
TBC |
|
Amendments to Existing Measures: Foreign resident capital gains tax changes |
1 October 2025 or the ‘first day of the 1st quarter after Royal Assent’, whichever is the later |
TBC |
|
Amendments to Existing Measures: Managed Investment Trusts |
13 March 2025 |
TBC |
|
Personal Income Tax – new tax cuts for every Australian taxpayer |
1 July 2026 |
TBC |
|
Illicit Tobacco Compliance and Enforcement Package – direct and targeted enforcement to counter profits from illicit tobacco |
1 July 2025 |
N/A |
|
Personal Income Tax – increasing the Medicare levy low-income thresholds |
1 July 2025 |
TBC |
|
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 |
|
Supporting Philanthropy |
Various |
TBC |
|
Supporting the Hospitality Sector and Alcohol Producers |
Various |
TBC |
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).