From publicaccountant.com.au: Treasurer Jim Chalmers’ fourth budget delivers $36 billion in new spending, including $17 billion in personal tax cuts, but lacks a long-term vision for the small business sector, drawing criticism from the Institute of Public Accountants.

Key measures include the removal of non-compete clauses for workers earning under $175,000, intended to boost wages, and a $150 energy relief for households and businesses.

The budget does not support continuance of the instant asset write-off scheme.