FEDERAL BUDGET 2026-27 -BACK TO THE FUTURE – PARTY LIKE IT’S 1999
In recent years, federal budgets have grown progressively leaner on measures affecting personal finances, but this highly anticipated budget is different. Finally, a budget one can get their teeth into. Three of the four tax policies from Labor's controversial 2019 election campaign were revived in this budget – only the abolition of cash refunds for excess franking credits has been left on the shelf. To address intergenerational fairness and housing affordability for working-aged people in the budget, the government has scaled back the CGT discount and limited negative gearing. During the 2025 election campaign, Prime Minister Anthony Albanese vowed not to touch negative gearing and capital gains tax. Read More…
