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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.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

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