On Tuesday, 25 October 2022, Treasurer Jim Chalmers handed down the 2022-23 October Federal Budget. As with all Budgets, these are announcements only and have not been legislated. The details are still to be worked through, and both Houses of Parliament need to pass legislation before the announcements take effect.
There are no major tax, business or superannuation changes to be introduced as a result of this budget. The key personal, business-related and superannuation tax highlights are summarised below:
