The Australian Federal Budget for 2025 introduces several key measures aimed at addressing cost-of-living pressures, enhancing healthcare, and investing in infrastructure.

Listen above to hear Deborah Knight, John Stanley, Ollie Peterson & Pradeep Philip break down the main initiatives.

KEY POINTS:

✅ Tax Cuts: Lowest income tax rate drops from 16% → 15% (July 2025), then to 14% (2027)
✅ More Take-Home Pay: Average wage earner better off by $536 per year, over $2K with existing relief
✅ Medicare Levy Change: Threshold lifted to $27K before payments kick in
✅ Cost-of-Living Relief: Energy bill rebate extended until end of 2025
✅ Healthcare Boost: More funding for bulk-billing & subsidised medicines
✅ Strong Economy: 2%+ growth, 4% unemployment, wages outpacing inflation, net migration falling

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