Australian Federal Budget 2024-25

Article

The Hon Dr Jim Chalmers MP, Treasurer has handed down the new 2024-25 Federal Budget. Our Technical team have reviewed the budget announcements and have produced briefing documents outlining the major changes impacting you and your family.

Tools and resources:

Download the briefing documents prepared by BT providing you with an overview of what was announced.

Ideas and tips to help you to prepare for your best financial future.

This document has been prepared by BT, a part of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian Credit Licence 233714 (West­pac) and information is current as at 14 May 2024. The information in this document regarding taxation and legislative change is based on policy announcements which are yet to be passed as legislation and may be subject to future change. This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it. You should obtain and consider the relevant Product Disclosure Statement or other disclosure document, before making any decision about a product including whether to acquire or to continue to hold it.

This document may contain material provided by third parties derived from sources believed to be accurate at its issue date. While such material is published with necessary permission, the Westpac accepts no responsibility for the accuracy or completeness of, nor does it endorse any such third party material. To the maximum extent permitted by law, we intend by this notice to exclude liability for this third party material. This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it. This document provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.