On Tuesday, 12 May 2026,  Treasurer Jim Chalmers handed down the Federal Budget.

The centrepiece of the budget are proposals limiting capital gains tax discounts and negative gearing.  There were also announcements around minimum tax on discretionary trusts, tax relief measures, housing affordability and Aged Care changes.

For a summary of the changes announced please click HERE.

It is important to note that these proposals require the passage of legislation before they are implemented.  It is likely there will be debate over the coming months and the details may ultimately be subject to negotiations in the Senate.   We will continue to monitor these proposals and will be in contact as more details arise.