BUDGET 2026
The governments fourth budget has been handed down and below are some of the key components that affect most individuals and businesses. Personal income tax measures 1.1Personal tax cuts From 1 July 2026, ie the 2027 tax year, the 16% tax rate will reduce to 15% and from 1 July 2027, by another 1% to 14%. A small decrease, but more disposable income for all Australians. 1.2 Increased Medicare levy…