Budget 2025-2026: Government and regulators
March 26, 2025
Almost $1bn to the ATO for tax compliance
From 1 July 2025
The Government has set aside $999m over 4 years for the ATO to expand its compliance programs:
• Tax Avoidance Taskforce
• Shadow Economy Compliance Program
• Personal Income Tax Compliance Program
• Tax Integrity Program (medium and large businesses and wealthy groups)
The compliance programs are expected to deliver a threefold return of $3.2bn.
$700m external contractor cost cutting
The Government intends to further pair back its use of consultants, contractors and labour hire. The budget estimates that the Government will save $718m in 2028-29 by continuing cuts to external labour.
Please contact us if you have any questions - email us or phone our team on 02 9899 3044.
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. If you're already taking a retirement income stream, indexation applies to your unused transfer balance cap.
In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements.
The SG definition of an employee is broad and just how far it extends has sparked debate of late about the rights of performers, gym instructors and others not typically considered employees.
