With the ACT releasing its budget on 2 August 2022, every Australian state and territory has now handed down its budget for the 2022/23 financial year.
We outline below some of the key business taxation measures that have been announced. Broadly speaking, a theme of the budgets for each state and territory is the continued winding back of COVID-19 related relief measures. We expect that the revenue authorities will continue to increase their focus on compliance and debt recovery, given budget pressures following the massive spending incurred by Governments in response to the pandemic. Highlights of the budgets are:
Click on your state below to view details of the key taxation announcements:
Victoria New South Wales Queensland South Australia Western Australia Tasmania Australian Capital Territory Northern Territory
On 3 May 2022, the Victorian Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 21 June 2022, the New South Wales Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 21 June 2022, the Queensland Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 2 June 2022, the South Australian Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 13 May 2022, the Western Australian Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 21 June 2022, the Tasmanian Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 2 August 2022, the ACT Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
On 10 May 2022, the Northern Territory Government’s budget for the 2022/23 financial year was handed down. The budget’s key highlights are:
If you have any queries please contact Kathryn Bertram.
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