Cap CEO remuneration

Summary of proposal

The proposal would put a cap on CEO remuneration by preventing companies from deducting executive remuneration for tax purposes when the CEO remuneration is greater than 15 times annualised average weekly ordinary time earnings.

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

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

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First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

Read more

First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

Read more

First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

Read more

First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

Read more

First Home Buyer Mortgage Tax Deductibility Scheme

Summary of proposal

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.

Read more

Cost of Living Tax Offset

Summary of proposal

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:

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Cost of Living Tax Offset

Summary of proposal

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:

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Cost of Living Tax Offset

Summary of proposal

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:

Read more