From www.pitcher.com.au: The 2025-26 Federal Budget introduces a reduction in the personal tax rate for incomes between $18,201 and $45,000, decreasing from 16% to 15% in 2026 and further to 14% in 2027, resulting in annual savings for individuals above $45,000.

Additional funding of $717.8 million will support ATO compliance activities aimed at large corporations and enhance measures against foreign ownership of established dwellings.

The budget also includes amendments related to managed investment trusts, deferral of clean energy and foreign resident capital gains tax measures, and provides relief for the hospitality sector by pausing excise indexation on draught beer.