All the Winners and the Losers From the Federal Budget
The measures are expected to help 75,000 first-home buyers and return $250 a year to more than 13 million workers.
- On Tuesday, Treasurer Jim Chalmers delivered the 2026 federal budget, announcing a $250 Working Australian Tax Offset for more than 13 million workers starting in 2028, calling it the "biggest cost-of-living measure in this budget."
- Labor aims to rebalance the tax system by winding back negative gearing and capital gains tax discounts for established properties, reforms the government claims will help 75,000 first-home buyers over the next decade.
- To fund these tax cuts, the government will save $37.8 billion from the National Disability Insurance Scheme over four years, while imposing a 30 per cent minimum tax on discretionary trusts to "improve the fairness of the tax system."
- Opposition finance spokesperson Jane Hume questioned whether the cuts would make a substantive difference, warning "it's simply going to be eaten up potentially in the next six months" by bracket creep.
- Reforms to negative gearing and CGT commence July 1, 2027, while the WATO offset arrives in 2028; Treasury maintains these "long-overdue changes" will eventually create a "fairer and stronger" economic system.
17 Articles
17 Articles
8 Key Takeaways From Australia’s 2026 Federal Budget
The 2026 federal budget overhauls wealth creation channels for Australians, offers a small tax break to workers, and keeps spending high. Key changes include higher taxes on gains from the sale of assets, putting a halt to negative gearing except for new builds, and a $250 tax offset for workers. At the same time, spending increases across housing, health and services with the budget remaining in deficit, amid a $31.5 billion shortfall, while lo…
The Biggest Winners and Losers From Australia’s Budget
As Australians grapple with higher inflation and other flow-on effects from the war in Iran, the government unveiled its 2026-27 budget, seeking to tackle generational inequality, while shoring up the country’s fuel supplies and defenses. Here’s a breakdown of the winners and losers in Treasurer Jim Chalmers’ fiscal blueprint.
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