Australian Federal Budget 2022/2023

Australian Federal Budget 2022/2023

The annual budget was announced on 29 March 2022. The tax and superannuation highlights in the Budget include: ▪ the Low and Middle Income tax offset (LMITO) will increase for 2021–22 by $420 (but will not be extended beyond 2021–22); ▪ the 50% reduction in the...
Australian Federal Budget 2021

Australian Federal Budget 2021

The Federal Treasurer announced the budget for 2022 last night, some say it’s a boring budget with very few changes or surprises. It probably is and it demonstrates that the Government is feeling positive about the way the economy is improving. They would like...