From www.bantacs.com.au: The 2025 budget includes a gradual reduction of the lowest income tax rate from 16% to 14% by July 2027, providing taxpayers with increased weekly benefits.

HECS debts will receive a 20% reduction starting June 2025, and a two-year temporary block on foreign purchases of established homes will be implemented from April 2025.

Households and small businesses will receive a $150 electricity rebate by the end of 2025, and small businesses can expect an immediate tax deduction for plant and equipment expenditures, pending parliamentary approval. [note update March 26, 2025: the instant asset extension legislation has now been passed]