Big corporations tax (banks)

Summary of proposal

The proposal would increase the rate of the Major Bank Levy (MBL) to 0.08% per quarter.

Ensure major banks repay cheap COVID-era funding by requiring repayment of the Term Funding Facility (TFF) and bond repayments from their ‘excess reserves’ accounts issued during quantitative easing through a levy.

The proposal would start on 1 July 2025.

Read more

Big corporations tax (banks)

Summary of proposal

The proposal would increase the rate of the Major Bank Levy (MBL) to 0.08% per quarter.

Ensure major banks repay cheap COVID-era funding by requiring repayment of the Term Funding Facility (TFF) and bond repayments from their ‘excess reserves’ accounts issued during quantitative easing through a levy.

The proposal would start on 1 July 2025.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

GST threshold change

Summary of proposal

The proposal increases the mandatory turnover threshold for GST registration from $75,000 to $250,000 for businesses and non-profit organisations.

The policy would start 1 July 2025, and be ongoing.

Read more

Remove the Fringe Benefits Tax on entertainment expenses provided to staff

Summary of proposal

The proposal would remove the Fringe Benefits Tax (FBT) on entertainment expenses (including meals) provided to staff.

Policy start date of 1 July 2025.

Read more

Remove the Fringe Benefits Tax on entertainment expenses provided to staff

Summary of proposal

The proposal would remove the Fringe Benefits Tax (FBT) on entertainment expenses (including meals) provided to staff.

Policy start date of 1 July 2025.

Read more