The proposal would repeal the policy, Personal income tax – new tax cuts for every Australian taxpayer, announced on 25 March 2025.

For income between $18,201 and $45,000:

• the 15% tax rate from 1 July 2026 will be increased to 16%
• the 14% tax rate from 1 July 2027 will be increased to 16%.

The proposal would start on 1 July 2026 and be ongoing.