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'

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Cashed-up Coalition aims to entice voters

The 2019 Budget seeks to position the Coalition government as the economic manager Australians can trust and includes the biggest personal tax cuts since the Howard years.

Read MoreAbout Cashed-up Coalition aims to entice voters

Chartered Accountants ANZ welcomes adoption of advocated super policy

Tax policy on super funds mergers to provide greater certainty.

Read MoreAbout Chartered Accountants ANZ welcomes adoption of advocated super policy

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Australian Federal Budget 2019/20

Figure 1. Australian Federal Budget 2019/20 infographic. Click image to enlarge.

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