Australian Federal Budget 2023-24

The Government outlines a ‘responsible and affordable’ Budget as it forecasts Australia’s first surplus in 15 years.

Australian Treasurer Jim Chalmers handed down Labor’s first full-year Budget on Tuesday 9 May, featuring a range of key measures that members need to know.

Faced with the challenge of rising inflation, this Budget outlines a carefully calibrated approach to alleviate pressure on cost of living, ensure superannuation is paid with wages and introduce tax measures to reduce future deficit.

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  1. Pre-budget submission 2024-25

    CA ANZ Pre-Budget Submission supports a continued focus on national debt reduction plus targeted cost of living relief...

  2. The Jim & Grant Show

    Treasurers on both sides of the ditch will be pleased with how their May budgets were received. However, what elements are sound fiscal policy and what comes down to luck?...

  3. CA ANZ members weigh in on the 2023 New Zealand Budget

    Three chartered accountants share their take on the 2023 New Zealand Budget and what it offers their industry and clients...

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  4. The long-term impact of Labor’s new superannuation tax

    Better Targeted Superannuation Tax Concessions will do real harm to retirement savings over long-term...

  5. Federal Budget 2023-24: What we found and didn’t find in the Federal Budget

    CA ANZ unpacks some of the other measures included in the Budget and highlights those that were absent...

  6. What do CA ANZ members think of the 2023 Australian Budget? 

    Two chartered accountants tell us what they think of the 2023 Australian Federal Budget and what’s in it for their industry and clients...

  7. Federal Budget 2023-24: Skilled migration boost and skills recognition improves

    Key skilled migration announcements for accountants in the 2023 Federal Budget...

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  8. Federal Budget 2023-24: Overview on the tax changes

    Surplus generated in the Federal Budget mainly goes to reducing the deficit and supporting the most vulnerable in society...

  9. Federal Budget 2023-24: Super fund non-arm’s length expense policy announced

    The Government’s non-arm’s length expense policy shows some progress, but are yet to accept the industry’s preferred solution...

  10. CA ANZ Federal Budget Reaction

    Peak accounting body Chartered Accountants Australia and New Zealand says the key question for the Treasurer is will the Albanese government have the courage to take an ambitious tax reform agenda to...

  11. Federal Budget 2023-24: Compulsory employer super payments to be brought forward

    Employers will need to make mandatory Super Guarantee contributions the same day they pay salary and wages, starting from 1 July 2026...

  12. CA ANZ Supports Migration System Overhaul

    Minister’s proposed reforms will prioritise the skills we need by opening new pathways to attract and retain global talent...

  13. Problems aplenty with $3 million super cap

    As soon as the government announced its thirty per cent tax on higher superannuation balances policy the task of working out its practical impacts began...

  14. CA ANZ input on how to make Australia a world-leader in cyber security by 2030

    CA ANZ recommended providing education, tools and support, through a single portal and in plain language rather than industry terminology...

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