From www.charteredaccountantsanz.com: The 2025-26 Federal Budget introduces tax cuts and energy relief while pausing draught beer excise for two years, but fails to address many previously announced measures, leaving tax agents still burdened by red tape.

Significant funding is allocated to the ATO for compliance initiatives targeting foreign ownership and tax avoidance, alongside a $27.4 million investment to enhance Tax Practitioners Board sanctions and registration processes.

The budget outlines plans for tax incentives to support the production of renewable energy but does not provide relief from the backlog of unpassed tax regulations.