After 10 years out of government, Treasurer Jim Chalmers has delivered Labor's first budget since its election victory in May.
But there are a few surprises here and there.
Here's where it plans to spend its money and where it plans to rein things in.
Source
abc.net.au
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The new financial year is fast approaching and so are a number of changes to superannuation contribution amounts and the individual tax rates. These changes are outlined below, as is some information on how you may be able to work with these changes when managing your tax affairs during 2024-25.
More than 16,500 SMSFs are being scrutinised by the ATO as they allegedly reported certain classes of assets at the same value for at least three income years.
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