Big corporations tax (coal and mining)
The proposal would introduce a new 40% coal and mining tax (CMT) on the super profits of individual Australian mining projects. This tax excludes new and vital sectors, like lithium or nickel mining.
The proposal would start on 1 July 2025.
Read more$1,000 instant tax deduction for work-related expenses
The proposal would allow taxpayers to choose to claim a $1,000 instant tax deduction instead of claiming individual work-related expenses.
To be eligible for the instant tax deduction, taxpayers must earn labour income.
Taxpayers claiming more than $1,000 in work-related deductions will still be able to do so in the usual way. Charitable donations and other non-work-related deductions would continue to be claimed on top of the instant tax deduction.
The proposal would start on 1 July 2026.
Read more$1,000 instant tax deduction for work-related expenses
The proposal would allow taxpayers to choose to claim a $1,000 instant tax deduction instead of claiming individual work-related expenses.
To be eligible for the instant tax deduction, taxpayers must earn labour income.
Taxpayers claiming more than $1,000 in work-related deductions will still be able to do so in the usual way. Charitable donations and other non-work-related deductions would continue to be claimed on top of the instant tax deduction.
The proposal would start on 1 July 2026.
Read more$1,000 instant tax deduction for work-related expenses
The proposal would allow taxpayers to choose to claim a $1,000 instant tax deduction instead of claiming individual work-related expenses.
To be eligible for the instant tax deduction, taxpayers must earn labour income.
Taxpayers claiming more than $1,000 in work-related deductions will still be able to do so in the usual way. Charitable donations and other non-work-related deductions would continue to be claimed on top of the instant tax deduction.
The proposal would start on 1 July 2026.
Read more$1,000 instant tax deduction for work-related expenses
The proposal would allow taxpayers to choose to claim a $1,000 instant tax deduction instead of claiming individual work-related expenses.
To be eligible for the instant tax deduction, taxpayers must earn labour income.
Taxpayers claiming more than $1,000 in work-related deductions will still be able to do so in the usual way. Charitable donations and other non-work-related deductions would continue to be claimed on top of the instant tax deduction.
The proposal would start on 1 July 2026.
Read moreImplied budget cost of supporting rentals through investors' tax breaks
The request sought the following figures over the forward estimates and medium term:
Read moreImplied budget cost of supporting rentals through investors' tax breaks
The request sought the following figures over the forward estimates and medium term:
Read moreImplied budget cost of supporting rentals through investors' tax breaks
The request sought the following figures over the forward estimates and medium term:
Read moreImplied budget cost of supporting rentals through investors' tax breaks
The request sought the following figures over the forward estimates and medium term:
Read moreImplied budget cost of supporting rentals through investors' tax breaks
The request sought the following figures over the forward estimates and medium term:
Read more