The policy would create an Entrepreneur Accelerator Tax Incentive (EATI) that reduces the taxable income for new companies. Under the EATI, start-ups will receive a tapered reduction in tax on their first $200,000 of taxable income over three years. The reduction would only be available to incorporated entities (companies) and would be available for the first 3 years after a company’s incorporation.

The policy start date is 1 July 2025.