Reading Room
Service: State and Federal Legislation/ Budgets
As the Labour party settle back into their seats having secured a majority in the House of Representatives, we look at the campaign promises and the unfinished business from the last term.
It has been a long time coming, but the Government finally passed legislation increasing the instant asset write-off threshold for the year ending 30 June 2025 to $20,000.
In the 2025-26 Federal Budget the Government announced a ban on non-compete clauses and “no poach” agreements.
The personal income tax rate reduction announced in the 2025-26 Federal Budget was confirmed, from 1 July 2026, personal income tax rates will change.
Aspen Corp's 2025-26 Federal Budget Update
The Government has announced a ban on foreign property purchases until 31 March 2027 to curb foreign “land banking.”
The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies?
What are the recently announced Government changes to HECS-HELP debt?
The ability for life insurers to discriminate based on adverse predictive genetic test results will be banned under a new Government proposal.
