25/03/2025
FEDERAL BUDGET 2025-2026 (announced 25-3-2025)
Summary:
* Reduction in Personal Income Tax (see image summary below)
* Energy bill rebate - extended until the end of 2025, providing an extra $150 of relief ($75 per quarter)
* Help to Buy home scheme expanded - income and price caps increased for the Government's shared equity home loan scheme
* Childcare subsidy - 3-day guarantee to replace activity test from January 2026
* Apprentices and fee-free TAFE subsidies extended - the New Energy Apprenticeships Program will be reframed as the Key Apprenticeship Program and expanded to capture critical residential construction occupations
* Ban on foreign ownership of housing - ATO to receive funding to enforce the ban on foreign residents from purchasing established properties
* Beer excise -indexation frozen for 2years
* Alcoholic beverages and wine - remission cap and WET rebate cap increased to $400,000 per year from 1 July 2026
* HELP debts - to be reduced by 20% and the repayment system will be moved to a marginal repayment system with a higher minimum repayment threshold
* Employment contract non-competeclauses to be banned for incomes up to $175,000.
For full budget details see link:
https://budget.gov.au/content/overview/download/budget-overview.pdf
