From www.investordaily.com.au: Treasurer Jim Chalmers presented the Albanese government’s pre-election budget for 2025-26, prioritizing economic stability amid global uncertainties and announcing significant tax cuts for all Australian taxpayers starting 1 July 2026.

The budget includes measures for the financial services industry, such as clarifying tax arrangements for managed investment trusts, a commitment of $50 million to enhance superannuation compliance, and $33 billion in housing initiatives.