Last night the government handed down its Federal Budget for 2025-26.  A detailed summary can be found here.

The key measures announced were as follows, noting that these are proposals only at this stage and could change before being legislated.

• Reduction in the lowest marginal tax rate for individuals
• Increasing the Medicare Levy low income threshold
• Another freeze to deeming rates
• Energy bill relief 
• Funding for Medicare to boost bulk billing, reduce the cost of medicines and provide greater access to urgent care
• Reducing student debt by 20%
• Better childcare subsidies for all families 
• Changes to the Help to Buy scheme to assist first home buyers
• No changes to super