Category: Government Budgets

Extending subsidies for apprentices and fee-free TAFE (March 2025 Federal Budget Update)

The Government will provide $722.8 million over four years from 2025–2026 to deliver increased support for apprentices. Funding includes: $626.9 million over four years from 2025–2026 to reframe the New Energy Apprenticeships Program as the Key Apprenticeship Program and expand it to capture critical residential construction occupations; $77.8 million over four years from 2025–2026 to extend the current […]

Support for small business franchisees (March 2025 Federal Budget Update)

The Government will provide $7.1 million over two years from 2025–2026 for the Australian Competition and Consumer Commission (ACCC) to strengthen regulatory oversight of the Franchising Code of Conduct and ensure a more transparent and effective regulatory framework for the franchising sector. The Government will also provide $0.8 million in 2025–2026 for Treasury, working with states and […]

Employment contract non-compete clauses to be abolished (March 2025 Federal Budget Update)

The Government will ban non-compete clauses for more than three million Australian workers in industries including childcare, construction and hairdressing. This has been spurred by the Treasury’s Competition Review which heard troubling accounts regarding the misuse of non-compete clauses, including minimum wage workers being sued by former employers. The ban on non-compete clauses will apply […]

Reduction of HELP debts (March 2025 Federal Budget Update)

As announced in its mid-year economic and fiscal outlook (MYEFO), the Budget confirms that the Government intends to make changes that will reduce Higher Education Loan Program (HELP) and other student debts for more than three million Australians by around $19 billion. The measure will reduce outstanding student debts by 20% before indexation is applied on […]

No major new super measures announced (March 2025 Federal Budget Update)

The Government did not announce any new major superannuation measures in the Budget. The only super item of note was some additional funding to extend an ATO Tax Integrity Program which is expected to raise an extra $31 million in unpaid superannuation from medium and large businesses and wealthy groups over five years from 2024–2025. Since […]

ATO enforcement of taxpayer compliance: increased funding (March 2025 Federal Budget Update)

In now what is a standard feature of Budgets in recent years, the ATO is to receive yet another significant increase in funding to enforce taxpayer compliance. Specifically, the Government will provide $999.0 million over 4 years for the ATO “to extend and expand tax compliance activities”. The additional funding includes the following. $717.8 million […]