Federal Budget

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  • Temporary full expensing extension   Date of effect Assets acquired from 7:30pm AEDT on 6 October 2020 and first used or installed ready for use by 30 June 2023   Bu

  • Low and middle income tax offset extended   Date of effect From 1 July 2021 to 30 June 2022 As widely predicted, the Low and Middle Income Tax Offset (LMITO) will be exte

  • Work test repealed for voluntary superannuation contributions   Date of effect The first financial year after Royal Assent of the enabling Expected to be 1 July 2022 Indi