Federal Budget 2026-27: expert insights on spending, tax reform and policy impacts. Visit hub.
In its place, the Government announced new measures to penalise, from 1 July 2026, SGEs that are found to have mischaracterised or undervalued royalty payments, to which royalty withholding tax would otherwise apply.
The discontinuation is a sensible step to avoid potential duplication of rules following the introduction of the ‘Pillar Two’ Global Minimum Tax and Domestic Minimum Tax measures, which should broadly apply to combat tax avoidance using cross border intangible payments to low taxed jurisdictions.
Our 2024-25 Federal Budget commentary can be found here.
Our Client Alert of 25 March 2024 in respect of the Pillar Two exposure draft materials can be found here.
Our Client Alert of 6 April 2023 on this discontinued measure can be found here.
Delivered against an uncertain economic backdrop, the 2026-27 Federal Budget reflects a government navigating competing pressures.
Western Australian Treasurer Rita Saffioti MLA handed down the State Budget on Thursday 7 May 2026, alongside Premier Roger Cook MLA. The economic outlook continues to be influenced by global uncertainty and ongoing inflationary pressures.
The Northern Territory’s 2026–27 Budget delivers record investment in health, infrastructure and housing, alongside increased funding for law and order.
