Australian Federal Budget 2019-20
An opportunity for long-term reform as election looms.
In brief
- Australia’s Federal Budget handed down on 2 April forecasts a return to surplus of $7.1 billion next financial year
- Taxes will be a key battleground in the federal election with the Budget proposing deep cuts to personal income tax
- CA ANZ Tax Leader Michael Croker CA and Superannuation Leader Tony Negline CA will continue to update this page with expert analysis and commentary
The Coalition handed down a pre-election budget promising $158 billion of personal income tax cuts over a decade, small business tax concessions and large infrastructure spending aimed at easing congestion in cities.
The Budget ensures tax will be a key battleground in the May 2019 Federal election.
The opposition Australian Labor Party has already announced its own ambitious tax agenda if it wins government.
Federal Budget Insights Report 2019-20
Thomson Reuters' "SPECIAL ISSUE - 2019 FEDERAL BUDGET REPORT'
Download the reportCommentary and Opinion
Media
- Sky News TV Interview: Government should look seriously at GST 'widening'
- Radio Interview: Michael Croker delves into the Federal Budget
- Media release: Chartered Accountants ANZ welcomes adoption of advocated super policy
- Budget needs to clarify Super Guarantee amnesty: accountants
- Super Review: Accountants call for removal of contribution caps
- SMSF Adviser: ECPI measures proposed to target tax manipulation
- Media Release: Time to embrace our online business community
- Australia should talk up its online business future, say chartered accountants
- Legal disputes feared with uncertainty around death benefits
- Chartered Accountants confirm FASEA approach
- CA ANZ pushes for SMSF actuarial certificate change
- Government pushed for Div 7A clarity in federal budget
Research and Insights
Downloadable resources
- Federal Budget Tax Bulletin 2019-2020 (pdf, 0.6 mb)
- Australian Federal Budget 2019 Infographic (pdf, 0.1 mb)
- 2019 Federal Budget Infographic for co-branding (docx, 0.7 mb)
- Chartered Accountants ANZ's 2019-20 Pre-Budget Submission (pdf, 0.2 mb)
- Policy priorities for small business success (pdf, 0.1 mb)