New South Wales Budget spends on health and schools, with slower growth ahead
Client AlertThe NSW Budget 2026 focuses on health and education spending, with slower growth forecasts, rising debt and targeted foreign investor duty relief measures.
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For years commencing on or after 1 January 2027, for‑profit entities preparing Tier 1 general purpose financial statements (such as ASX‑listed companies) will be required to apply AASB 18 for the first time. This marks a significant shift in how entities present their financial performance and, for many, will require significant preparation to ensure they are assurance-ready.
Join Owen Carew, Partner – Financial Reporting Advisory, for the first session in his AASB 18 webinar series. In this session, he will cover:
Ideal for CFOs, financial controllers, finance managers, and finance officers.
Register now to ensure you’re prepared for your first AASB 18‑compliant financial statements and the 2027/2028 reporting cycles.
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The NSW Budget 2026 focuses on health and education spending, with slower growth forecasts, rising debt and targeted foreign investor duty relief measures.
On Tuesday 23 June 2026, Treasurer David Janetzki handed down his second state budget alongside Premier David Crisafulli. Deficits are forecast throughout the forward estimates, with a surplus of $619m projected for 2029-30.
The Government has announced revisions to several tax measures in the Budget, affecting capital gains tax treatment for small businesses, a special carve-out for start-ups, and a conditional exclusion for discretionary testamentary trusts from the 30 per cent tax on trusts.