From hlb.com.au: On March 25, Treasurer Jim Chalmers announced the 2025-26 Federal Budget, which emphasized personal income tax cuts and cost-of-living relief measures but offered limited support for small businesses and lacked significant reforms in business taxation and superannuation.

The budget proposed personal tax cuts starting from July 2026, with households receiving rebates on electricity bills and changes to student debts aimed at alleviating financial pressures.

The government allocated nearly $1 billion for tax compliance activities and committed to investing in the Future Made in Australia program to enhance green energy and domestic manufacturing.