THE UPDATED FEDERAL BUDGET 2022–23 The Treasurer, the Hon Dr Jim Chalmers MP, handed down his (and the Albanese Government’s) first Budget on 25 October 2022. There were few tax measures in the Budget. What measures there were mostly affect

What’s new? – Tax changes from 1 July 2022 A number of income tax and superannuation changes relevant to businesses took effect from 1 July 2022, including: Tax thresholds and rates Various tax thresholds and rates have increased for the