The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need
to invest in the long term.
It is also a human budget (cynics would say voter focussed), with $17.7 billion dedicated to aged care, more money in the pockets of low
income earners, the COVID vaccine rollout, $2 billion for mental health, a women’s economic package including a child care subsidy increase
and funding to prevent violence, and a Royal Commission into defence and veteran suicide.
KEY FEDERAL BUDGET INITIATIVES
Now's the time to review what strategies you can use to minimise your tax before 30 June.
The Federal Budget, delivered on the night of May 12 2026, was one of the most significant in years. We know you will have questions — and we have put together this document to answer the ones we are hearing most.
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