The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

The proposal would allow first home buyers, who purchase a newly built home, the ability to deduct the interest paid on up to $650,000 of their mortgage from their assessable income. There is no cap on the size of a mortgage captured under this policy.

The measure will be available to individuals earning up to $175,000 and joint applicants earning up to $250,000. Once found eligible, participants will retain access to the deduction even if their income rises.

The deduction can be claimed for up to 5 years, if the home is the principal place of residence.

The proposal would provide a Cost of Living Tax Offset of up to $1,200 for eligible Australians in the 2025-26 financial year.

The Cost of Living Tax Offset would be available to Australian residents for tax purposes who are earning an annual taxable income of up to $144,000.The offset would be non-refundable.

The arrangements for the offset amounts will be as follows:

The proposal would provide a Cost of Living Tax Offset of up to $1,200 for eligible Australians in the 2025-26 financial year.

The Cost of Living Tax Offset would be available to Australian residents for tax purposes who are earning an annual taxable income of up to $144,000.The offset would be non-refundable.

The arrangements for the offset amounts will be as follows:

The proposal would provide a Cost of Living Tax Offset of up to $1,200 for eligible Australians in the 2025-26 financial year.

The Cost of Living Tax Offset would be available to Australian residents for tax purposes who are earning an annual taxable income of up to $144,000.The offset would be non-refundable.

The arrangements for the offset amounts will be as follows:

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.

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.

The proposal would grant deductible gift recipient (DGR) status to the Headstone Project South Australia.

The proposal is ongoing and would start on 1 July 2025.