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The Federal Budget for 2023-24, handed down on 9 May 2023, forecasts a surplus of $4.2 billion in 2022–23 and the first surplus since 2007–08, followed by a forecast deficit of $13.9 billion in 2023–24. Our alert provides a high-level overvi
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The Federal Budget for 2022-23 handed down on 29 March 2022 is focussed on alleviating cost of living pressures, enhancing the nation’s economic capacity through training and skills packages, and bolstering our defence capability. With an improved
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The Federal Government’s 2021-2022 Budget has given a clear indication the government is backing gas (both natural gas and hydrogen) as the key technology in Australia’s transition away from fossil fuels. The balance of the renewable energy secto
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Key issues: The Australian Taxation Office Taskforce activity raised over $2.8 billion in tax liabilities from businesses and individuals. It is assumed this amount includes primary tax, penalties and interest. In the 2019-20 Federal Budget, the