until Australia’s Federal Budget is announced
The Australian Federal Budget for 2025-26 is scheduled for 25 March 2025
With the Budget being handed down on 25 March and a Federal Election likely to reshape the policy landscape, uncertainty is the only certainty. Our analysis will cut through the noise, equipping you with what you need to know now coming out of the Federal Budget.
What the 2025 Federal Budget means for your business
Delivered straight to your inbox, sign up to receive William Buck’s Federal Budget Analysis the morning after for a concise summary of key announcements impacting you and your business.
The Australian Federal Budget for 2025-26 is scheduled for 25th March 2025
With the Budget being handed down on 25 March and a Federal Election likely to reshape the policy landscape, uncertainty is the only certainty. Our analysis will cut through the noise, equipping you with what you need to know now coming out of the Federal Budget.
What the 2025 Federal Budget means for your business
Delivered straight to your inbox, sign up to receive William Buck’s Federal Budget Analysis the morning after for a concise summary of key announcements impacting you and your business.
2025 Tax planning strategies and post-budget briefing
Join Todd Want, our Head of Tax along with experts Raffi Tenenbaum, Danielle Constantine, Nicola Bird and Charis Liew as they unpack the latest developments in tax after the Federal Budget, explore real-world implications and answer your questions.
Todd Want
Partner
Raffi Tenenbaum
Partner
Danielle Constantine
Partner
Nicola Bird
Partner
Charis Liew
Partner
2025 Tax planning strategies and post-budget briefing
Join Todd Want, our Head of Tax along with experts Raffi Tenenbaum, Danielle Constantine, Nicola Bird and Charis Liew as they unpack the latest developments in tax after the Federal Budget, explore real-world implications and answer your questions.
Insights from our budget spokespeople
“
Being an election year budget, this is a great opportunity for the government to introduce tax reform by simplifying our tax laws to benefit not only businesses but, more importantly, the broader Australian community.
Todd Want
Partner, Tax Services
“
We are looking forward to the government showing support for the Superannuation system by endorsing the final increase in the Superannuation Guarantee to 12%. The proposed additional tax on balances over $3 million continues to be controversial and we believe this might now become an election issue.”
Tricia Kleinig
Partner, Superannuation
“
We anticipate significant attention on cost-of-living measures for low- and middle-income families in this election-focused budget, which could potentially be inflationary and delay interest rate reductions in 2025. We are also closely monitoring the progress of the ‘Better Targeted Superannuation Concessions Bill’ for superannuation balances over $3m. If it fails to pass in the Senate before the Federal Election, we will be watching for any alternative high-balance superannuation taxation policies proposed in the budget.”
Scott Montefiore
Partner, Wealth Advisory
“
We expect a subdued budget, likely featuring targeted initiatives supporting sustainability and AI, as well as additional measures in line with the Government’s Future Made in Australia plan. However, we do not expect significant changes that could really move the dial for the tech sector, like expanding the R&D tax incentive or increasing employee share scheme concessions. Finally, if the Government saw fit to direct the Future Fund to invest in specific areas, then the tech sector surely deserves consideration.”
Jack Qi
Partner, Tax Services
“
Many general practices are struggling due to rising costs and we feel that the recent announcements by both parties to expand the bulk billing incentive won’t be enough to offset these costs. We’d still like to see an increase to Medicare rebates and incentives which could prevent closures and help reduce workforce burnout and shortages.”
Jennifer Rees
Principal, Business Advisory
“
Australia’s housing crisis is a supply crisis. The budget must promote fast-track planning reforms, unlock land for development, both greenfield and infill sites and invest in infrastructure that supports new housing. Without bold action, we’ll continue chasing a moving target on affordability.”
Kyle Wathen
Partner, Business Advisory
“
Currently, the scope of manufacturing initiatives by the government is limited to specific manufacturing areas and it is essential to expand their reach to support existing manufacturing businesses that are not in these priority areas. We would also like to see increased government support to help manufacturing businesses invest in new technology to future-proof our industries and enhance global competitiveness through either raising the threshold for instant asset write-offs or providing businesses with the financial relief or incentives needed to invest in new equipment and technologies.”
John Spender
Partner, Business Advisory
Insights from our budget spokespeople
“
We are looking forward to the government showing support for the Superannuation system by endorsing the final increase in the Superannuation Guarantee to 12%. The proposed additional tax on balances over $3 million continues to be controversial and we believe this might now become an election issue.”
Tricia Kleinig
Partner, Superannuation
“
We anticipate significant attention on cost-of-living measures for low- and middle-income families in this election-focused budget, which could potentially be inflationary and delay interest rate reductions in 2025. We are also closely monitoring the progress of the ‘Better Targeted Superannuation Concessions Bill’ for superannuation balances over $3m. If it fails to pass in the Senate before the Federal Election, we will be watching for any alternative high-balance superannuation taxation policies proposed in the budget.”
Scott Montefiore
Partner, Wealth Advisory
“
We expect a subdued budget, likely featuring targeted initiatives supporting sustainability and AI, as well as additional measures in line with the Government’s Future Made in Australia plan. However, we do not expect significant changes that could really move the dial for the tech sector, like expanding the R&D tax incentive or increasing employee share scheme concessions. Finally, if the Government saw fit to direct the Future Fund to invest in specific areas, then the tech sector surely deserves consideration.”
Jack Qi
Partner, Tax Services
“
Many general practices are struggling due to rising costs and we feel that the recent announcements by both parties to expand the bulk billing incentive won’t be enough to offset these costs. We’d still like to see an increase to Medicare rebates and incentives which could prevent closures and help reduce workforce burnout and shortages.”
Jennifer Rees
Principal, Business Advisory
“
Australia’s housing crisis is a supply crisis. The budget must promote fast-track planning reforms, unlock land for development, both greenfield and infill sites and invest in infrastructure that supports new housing. Without bold action, we’ll continue chasing a moving target on affordability.”
Kyle Wathen
Partner, Business Advisory
“
Currently, the scope of manufacturing initiatives by the government is limited to specific manufacturing areas and it is essential to expand their reach to support existing manufacturing businesses that are not in these priority areas. We would also like to see increased government support to help manufacturing businesses invest in new technology to future-proof our industries and enhance global competitiveness through either raising the threshold for instant asset write-offs or providing businesses with the financial relief or incentives needed to invest in new equipment and technologies.”
John Spender
Partner, Business Advisory
Frequently asked questions
When will the 2025 Federal Budget be delivered?
Australia’s Federal Budget is scheduled to be announced by Treasurer Jim Chalmers on Tuesday, 25 March 2025.
Why is the 2025 Federal Budget being held early?
Australia’s Federal Budget is being held early this year due to the upcoming federal election. Holding the budget earlier allows the government to present its fiscal policies and priorities before the election, giving voters a clear understanding of its plans.
What measures were announced in the 2024-25 Federal Budget?
Jim Chalmers’ 2024-25 Budget sought to find a balance between relief and restraint, with measures aimed at tackling the unrelenting cost-of-living crisis, but in a way that didn’t add to the then inflationary environment. Learn more about what measures were announced here.
William Buck’s inaugural Indigenous Artists in Residence program
We are honoured to acknowledge the featured artwork from our Artist in Residence Leah Gerrard.
“Dirrang – Red – the significance to the land and especially country. The thing that makes us who we are and where we’re from.”
Our program reflects a commitment to cultural learning, support for artistic expression and the belief in art’s ability to inspire and effect positive change.
William Buck’s inaugural Indigenous Artists in Residence program
We are honoured to acknowledge the featured artwork from our Artist in Residence Leah Gerrard.
“Dirrang – Red – the significance to the land and especially country. The thing that makes us who we are and where we’re from.”
Our program reflects a commitment to cultural learning, support for artistic expression and the belief in art’s ability to inspire and effect positive change.
