The Australian Parliament has just passed what is being called the most significant structural overhaul of the nation’s tax system in nearly three decades.
Federal Budget 2026-27
On 12 May 2026, Treasurer Jim Chalmers handed down the 2026-27 Federal Budget. Described as the most “ambitious Budget in decades,” it introduces significant structural reforms to Capital Gains Tax (CGT), negative gearing, and the taxation of trusts.