The federal budget, handed down last night, contained a number of tax, superannuation, and social security/cost of living proposals including:
- The end of temporary full expensing
- Small business energy initiative
- Crackdown on unpaid tax and superannuation
- No change to stage 3 tax cuts
- Confirmation of an extra 15% tax on super ‘earnings’ for account balances above $3 million
- Pay day superannuation guarantee
- Boost to Centrelink payments
….and more