The 2025-26 Federal Budget brings a mix of tax relief, economic support, and regulatory changes aimed at bolstering growth and easing cost-of-living pressures. With a primary focus on personal income tax cuts, energy bill relief, and healthcare investments, the government has positioned this budget as one that prioritizes both individuals and businesses.
Many initiatives had been previously announced, but Treasurer Jim Chalmers has sweetened the deal with $17 billion in tax cuts. Healthcare also sees significant investment, with expanded bulk billing, more Urgent Care Clinics, and cheaper medicines.
However, increased funding for tax compliance and extended deficits signals a need for fiscal prudence. This guide provides a detailed breakdown of key measures, their implications, and what they mean for individuals, businesses, and the broader economy.
As always, if you would like to discuss how the Budget might impact your finances, don’t hesitate to contact our office on 07 4729 2222 and we will assist you with your questions.
Accounting & Advisory – Townsville
PH 07 4729 2222
Level 1, 250 Ross River Road
Aitkenvale, Townsville, QLD 4814