Australian Federal Budget 2024-25

Article

On Tuesday 14 May, Treasurer Jim Chalmers is set to hand down the 2024-25 Australian Federal Budget in Parliament.

During Budget night, BT’s Technical team will be working to unwrap all the key announcements and break it down into meaningful insights to keep you and your clients informed. This year the focus includes cost of living, Stage 3 income tax cuts, and the net zero transition.

Come back to this page from 9am on Wednesday, 15 May to access our expert analysis. 

Tools and Resources:

A range of briefing documents and practical guides prepared by BT’s Technical team will give you an overview of the key announcements. 

Documents will be available to download from the morning of Wednesday, 15 May at the following Sydney times:

From 9am

  • Federal Budget briefing for advice professionals

From 1pm

  • Federal Budget briefing for clients

  • Client impact matrix

  • Federal Budget economic overview

We’ll also prepare documents you can share with clients which will be available from 1pm Wednesday, 15 May.

Visit the Federal Budget hub for clients.

BT Academy Technical Webinar: Federal Budget Debrief

Join us for a live Federal Budget debriefing by Bryan Ashenden, BT’s Head of Financial Literacy and Advocacy. Bryan will deliver insights from the announcements as well as what it means for clients, financial advisers and advice professionals. 

We’ll be hosting two webinars on Wednesday, 15 May to suit your schedule.  

  • Session 1: 9.00 – 10.00am (Sydney time)
  • Session 2: 12.00 – 1.00pm (Sydney time) 
BT Academy provides access to the latest ideas, trends and reports to help you realise new opportunities and assist with supporting your practice.
This selection of guides and tools are designed for financial advisers to use directly with their clients, helping them to understand some key financial planning topics including superannuation, investment risk in different asset classes and retirement planning. Access our guides and email templates that have been created to help make client engagement easier.
The digital opportunities that matter for financial advisers. In this dedicated hub you’ll discover the hidden opportunities advice firms can leverage by fully embracing a digital approach. Get practical tips and insights on how to get the most from BT Panorama for your business. It's all about making things easier and more efficient for you. Our Experience. Your Advantage.

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 16 April 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.