FEDERAL BUDGET 2025-26

Lowe Lippmann Chartered Accountants

SUMMARY AND FULL COMMENTARY UPDATES

The 2025-26 Federal Budget was handed down by Federal Treasurer, Dr Jim Chalmers on the evening of Tuesday 25 March 2025.


Lowe Lippmann is pleased to provide the following commentaries, explaining the key issues released in the budget.

Read Summary Read Full Commentary

This Federal Budget has been unique, compared to recent years, being very light on proposed tax changes. This is due to the impending Federal Election in the next few months, with substantial proposed tax changes likely being withheld for now to be used as election promises. For now, there are minimal tax changes that will have significant impact today, but we expect (and encourage) some significant tax reform be considered by the current Federal Government sooner rather than later.


For further clarification, contact your Relationship Partner at Lowe Lippmann.

Please do not hesitate to contact your Lowe Lippmann Relationship Partner if you wish to discuss any of these matters further.

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Many business clients like to review their tax position before the end of the income year and evaluate any strategies that may be available to legitimately reduce their tax. Traditionally, year-end tax planning for profitable small businesses is based around accelerating deductions and deferring income. The Year End Checklist in the link below explains some common strategies that may be considered for all business taxpayers.

Practice Update – June 2026

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Year-end tax checklists for Individuals and Businesses We have recently prepared two Year End Checklists which help explain some common strategies that may be considered for Individual and Businesses taxpayers. Year End Checklist for Individuals – click here Year End Checklist for Businesses – click here
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