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Last night, the new Labor Government handed down its first Federal Budget in a challenging economic environment emerging from the Covid-19 pandemic and increasing energy prices. The new Treasurer, Jim Chalmers, has presented a budget focused on dealing with cost of living pressures, affordable housing, and rising inflation, with limited attention being devoted to taxation measures. This budget is the first of two Federal Budgets in this financial year and sets the scene for the agenda of the new Government constrained by significant debt and worldwide uncertainty.

Federal Budget Report

Vincents are pleased to share with you a summary of these important announcements via our Labor Government 2022-23 Federal Budget Report and Labor Government 2022-23 Federal Budget Report – Tax & Superannuation Highlights Report.

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