Federal Election Called: Tax Bills Lapse (Apr 25 Tax Update)

Relevant For:

Business owners, investors and SMSF trustees.

Key Points:

• Federal election set for 3 May 2025.
• Government is now in caretaker mode.
• Unpassed tax legislation, including Division 296 (tax on unrealised super gains), has lapsed.

Full Article:

The Australian Government has announced the next Federal election for 3 May 2025, which means it has now officially entered caretaker mode.

The main implication worth noting is