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Almost three years later, the government has finally responded. The annual wages and salaries bill for government sector workers are forecast to plateau at about $32.6 billion in 2030. A government with a massive parliamentary majority, an opposition in disarray and no election imminent.
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Treasurer’s speech: To lift living standards, we must lift productivity
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Our three tax cuts, instant deduction and the new offset are the equivalent of up to $54 back in the average earner’s pocket each week. The treasurer’s fifth budget confirms intentions to put higher taxes on wealth but without reducing income taxes, cutting spending or boosting productivity. The Dutch trading giant’s local offshoot grew profits by 50 per cent in 2025 as high volatility across financial markets offered ample trading opportunities. DGR Global shareholders hit the jackpot when a Chinese suitor bought SolGold, but will they ever see the money? The $59.3 million valuation of the copyright was based on Deloitte estimates, but tax authorities have claimed it should have been closer to just $4 million.
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Energy Minister Chris Bowen will drastically scale back subsidies for green hydrogen programs as the government ploughs funds into its petrol and diesel stocks. The 2026 budget contains taxes on higher education providers and departing Australia, infrastructure cost blowouts, and a crackdown on school disability funding. Most investors selling property, shares and other assets will pay more tax once the new model to index the cost base of an asset to inflation is bedded down. But, as a business, you may be able to offer our buy now pay later solution to your customers at no additional cost to your business. You can manage your repayments through the PayPal app or online. In the app or online with the easeof automatic payments.
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