Anti-Money Laundering reforms: An unprecedented set of changes to Australia’s Anti-Money Laundering. Find out more.

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Market services

Grant Thornton’s expert audit approach will help you comply with regulations, and improve business strategies and internal processes.

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Compliance audits & reviews
Our audit team undertakes the complete range of audits required of Australian accounting laws to help you to help you meet obligations or fulfil best practice procedures.
Audit quality
We are fiercely dedicated to quality, use proven and globally tested audit methodologies, and invest in technology and innovation.
Financial reporting advisory
Our financial reporting advisory team helps you understand changes in accounting standards, develop strategies and communicate with your stakeholders.
Audit advisory
Grant Thornton’s audit advisory team works alongside our clients, providing a full range of reviews and audits required of your business.
Digital assurance
We capture actionable, quality insights from data within your financial reporting and auditing processes.

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Sustainability Reporting Alert | SRA 2025-4 Australia’s 2035 emissions reduction target and path to net zero

The purpose of this Alert is to draw attention to the Prime Minister’s announcement of Australia’s new 2035 greenhouse gas emissions reduction target and path to net zero by 2050. The new target was announced on 18 September 2025. The new target follows the independent advice of the Climate Change Authority and is supported by the release of a comprehensive Net Zero Plan, along with 6 sectoral decarbonisation plans.

Samantha Sing Key

| 9 min read | 26 Sep 2025

Tax

We work with clients at all stages of their business lifecycle – and through all their organisation’s major events – to navigate tax obligations.

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Corporate tax & advisory
We provide comprehensive corporate tax and advisory service across the full spectrum of the corporate tax process.
Private business tax & advisory
We work with private businesses and their leaders on all their business tax and advisory needs.
Tax compliance
We work alongside clients to manage all tax compliance needs and identify potential compliance or tax risk issues.
Employment tax
We help clients understand and address their employment tax obligations to ensure compliance and optimal tax positioning for their business and employees.
International tax
We understand what it means to manage tax issues across multiple jurisdictions, and create effective strategies to address complex challenges.
GST, stamp duty & indirect tax
Our deep technical knowledge and practical experience means we can help you manage and minimise the impact of GST and indirect tax, like stamp duty.
Tax law
Our team – which includes tax lawyers – helps you understand and implement regulatory requirements for your business.
Innovation Incentives
Our national team has extensive experience navigating all aspects of the government grants and research and development tax incentives.
Transfer pricing
Transfer pricing is one of the most challenging tax issues. We help clients with all their transfer pricing requirements.
Tax digital consulting
We analyse high-volume and unstructured data from multiple sources from our clients to give them actionable insights for complex business problems.
Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
Superannuation and SMSF
Increasingly, Australians are seeing the benefits, advantages and flexibility of taking control of their own superannuation and retirement planning.

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Client Alert Property groups and financing costs: The Charles Apartments tax case

The Federal Court’s 2025 decision in Charles Apartments Pty Ltd v Commissioner of Taxation underscores the importance of substance over form, proper documentation, and income nexus in group financing arrangements under Australian tax law.

| 6 min read | 02 Sep 2025

Risk

We work with clients to implement risk management processes and strategies to reduce risk and identify opportunity to extract commercial value.

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Payroll consulting & Award compliance
Many organisations are grappling with a myriad of employee agreements and obligations, resulting in a wide variety of payments to their people.
Cyber resilience
The spectrum of cyber risks and threats is now so significant that simply addressing cybersecurity on its own isn’t enough.
Internal audit
We provide independent oversight and review of your organisation's control environments to manage key risks, inform good decision-making and improve performance.
Financial crime
Our team helps clients navigate and meet their obligations to mitigate crime as well as develop and implement their risk management strategies.
Consumer Data Right
Consumer Data Right (CDR) aims to provide Australians with more control over how their data is used and disclosed.
Risk management
We enable our clients to achieve their strategic objectives, fulfil their purpose and live their values supported by effective and appropriate risk management.
Controls assurance
In Australia, as with other developed economies, regulatory and market expectations regarding corporate transparency continue to increase.
Governance
Through fit for purpose governance we enable our clients to make the appropriate decisions on a timely basis.
Regulatory compliance
We enable our clients to navigate and meet their regulatory and compliance obligations.

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Insight Know Your Customer: From simplicity comes complexity

Australia’s AML/CTF reforms represent a fundamental shift from a prescriptive, compliance-based regime to a flexible, outcomes-focused framework – prioritising the effective prevention of money laundering, terrorism financing and proliferation financing, rather than merely following prescriptive rules.

| 6 min read | 15 Sep 2025

Forensics

Our forensics team identifies and obtains relevant information, investigates the financial issue at hand and provides a clear, concise, sustainable opinion as...

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Forensic accounting and dispute advisory
Our team advises at all stages of a litigation dispute, taking an independent view while gathering and reviewing evidence and contributing to expert reports.
Investigations
Our licensed forensic investigators with domestic and international experience deliver high quality results in the jurisdictions in which you operate.
Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

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Insight Eight overlooked tax issues in family law

Explore eight often overlooked tax issues impacting asset division and liabilities in family law.

| 6 min read | 04 Jul 2025

Deals

Our team works with clients on all aspects of their deals to get the transaction done and implement the frameworks for long-term success.

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Mergers and acquisitions
Our mergers and acquisitions specialists guide you through the whole process to get the deal done and lay the groundwork for long-term success.
Acquisition search & strategy
We help clients identify, finance, perform due diligence and execute acquisitions to maximise the growth opportunities of your business.
Selling a business
Our M&A team works with clients to achieve a full or partial sale of their business, to ensure achievement of strategic ambitions and optimal outcomes for stakeholders.
Operational deal services
Our operational deal services team helps to ensure the greatest possible outcome and value is gained through post merger integration or post acquisition integration.
Transaction advisory
Our transaction advisory services support our clients to make informed investment decisions through robust financial due diligence.
ESG Due Diligence
Our ESG due diligence process evaluates a company's environmental, social, and governance factors during the pre-investment phase to determine the overall maturity of the entity, manage potential risks, and identify opportunities.
Business valuations
We use our expertise and unique and in-depth methodology to undertake business valuations to help clients meet strategic goals.
Tax in mergers & acquisition
We provide expert advice for all M&A taxation aspects to ensure you meet all obligations and are optimally positioned.

Related insights:

Report Unlocking value: navigating funding and exit strategies in technology businesses

Explore strategies for scaling in Australia’s tech and SaaS sector in this report, covering capital raising, investor expectations, and long-term growth.

| 3 min read | 28 May 2025

Finance and funding

Our finance and funding team works to access sources of finance, present your case to potential funders and negotiate a long-term sustainable relationship.

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Corporate finance
We provide effective and strategic corporate finance services across all stages of investments and transactions so clients can better manage costs and maximise returns.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.
Working capital optimisation
Our proven methodology identifies opportunities to improve your processes and optimise working capital, and we work with to implement changes and monitor their effectiveness.
Capital markets
Our team has significant experience in capital markets and helps across every phase of the IPO process.
Debt and project finance raising
Backed by our experience accessing full range of available funding types, we work with clients to develop and implement capital raising strategies.
Private equity
We provide advice in accessing private equity capital.
Financial modelling
Our financial modelling advisory team provides strategic, economic, financial and valuation advice for project types and sizes.
Payments advisory
We provide merchants-focused payments advice on all aspects of payment processes and technologies.

Related insights:

Report Unlocking value: navigating funding and exit strategies in technology businesses

Explore strategies for scaling in Australia’s tech and SaaS sector in this report, covering capital raising, investor expectations, and long-term growth.

| 3 min read | 28 May 2025

Insolvency

Our insolvency teams takes a proactive approach so our clients have access to more business turnaround options and retain the most value for all stakeholders.

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Voluntary administration & DOCA
We help businesses considering or in voluntary administration to achieve best possible outcomes.
Corporate insolvency & liquidation
We help clients facing corporate insolvency to undertake the liquidation process to achieve a fair and orderly company wind up.
Complex and international insolvency
As corporate finance specialists, Grant Thornton can help you with raising equity, listings, corporate structuring and compliance.
Safe Harbour advisory
Our Safe Harbour Advisory helps directors address requirements for Safe Harbour protection and business turnaround.
Bankruptcy and personal insolvency
We help clients make informed choices around bankruptcy and personal insolvency to ensure the best personal and stakeholder outcome.
Creditor advisory services
Our credit advisory services team works provides clients with credit management assistance and credit advice to recapture otherwise lost value.
Small business restructuring process
We provide expert advice and guidance for businesses that may need to enter or are currently in small business restructuring process.
Asset tracing investigations
Our team of specialist forensic accountants and investigators have extensive experience in tracing assets and the flow of funds.

Related insights:

Insight The rise in retail insolvencies

Rising costs, supply chain disruptions, and shifting consumer behaviour are pushing many retailers to the edge. Taking immediate action to reduce operational expenses and prioritise cash flow management can give businesses the breathing room they need. Retailers must adapt quickly to survive these challenging market conditions and avoid insolvencies.

| 5 min read | 22 Oct 2024

Restructuring and turnaround

We help clients identify and undertake restructuring and turnaround initiatives to preserve profitability and protect and recover value.

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Independent business reviews
Does your company need a health check? Grant Thornton’s expert team can help you get to the heart of your issues to drive sustainable growth.
Commercial performance
We help clients improve commercial performance, profitability and address challenges after internal or external triggers require a major business model shift.
Safe Harbour advisory
Our Safe Harbour advisory helps directors address requirements for Safe Harbour protection and business turnaround.
Corporate simplification
We provide corporate simplification and managed wind-down advice to help streamline and further improve your business.
Director advisory services
We provide strategic director advisory services in times of business distress to help directors navigate issues and protect their company and themselves from liability.
Debt advisory
We work closely with clients and lenders to provide holistic debt advisory services so you can raise or manage existing debt to meet your strategic goals.

Related insights:

Insight The rise in retail insolvencies

| 5 min read | 22 Oct 2024

Business services

We work with private businesses across Australia – and internationals looking to Australia for their investments and operations – on all accounting and...

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Business planning & strategy
Our clients can access business planning and strategy advice through our value add business strategy sessions.
Private business company secretarial services
We provide company secretarial services and expert advice for private businesses on all company secretarial matters.
Outsourced accounting services
We act as a third-party partner to international businesses looking to invest in Australia on your day-to-day finance and accounting needs.
Superannuation and SMSF
We provide SMSF advisory services across all aspects of superannuation and associated tax laws to help you protect and grow your wealth.
Management reporting
We help you build comprehensive management reporting so that you have key insights as your business grows and changes.
Financial reporting
We help with all financial reporting needs, including set up, scaling up, spotting issues and improving efficiency.
Forecasting & budgeting
We help you build and maintain a business forecasting and budgeting model for ongoing insights about your business.
ATO audit support
Our team of experts provide ATO audit support across the whole process to ensure ATO requirements are met.
Family business consulting
Our family business consulting team works with family businesses on running their businesses for continued future success.
Private business taxation and structuring
We help private business leaders efficiently structure their organisation for optimal operation and tax compliance.
Outsourced CFO services
Our outsourced CFO services provide a full suite of CFO, tax and finance services and advice to help clients manage risk, optimise operations and grow.

Environmental, Social and Governance (ESG) and Sustainability

Having a considered and informed ESG response has never been more important for all organisations as we are seeing awareness of the elements of ESG continue to...

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ESG, sustainability and climate reporting
There is a growing demand for organisations to provide transparency on their commitment to sustainability and disclosure of the nonfinancial impacts of their business activities. Commonly, the responsibility for sustainability and ESG reporting is landing with CFOs and finance teams, requiring a reassessment of a range of reporting processes and controls.
ESG, sustainability and climate advisory
With the ESG and sustainability landscape continuing to evolve, we are focussed on helping your business to understand what ESG and sustainability represents and the opportunities and challenges it can provide.
ESG, sustainability and climate reporting assurance
As the demand for organisations to prepare information in relation to ESG & sustainability continues to increase, through changes in regulatory requirements or stakeholder expectations, there is a growing need for assurance over the information prepared.
ESG and sustainability due diligence
As environmental, social, and governance (ESG) considerations become increasingly pivotal for dealmakers in Australia, it is important for investors to feel confident in assessing transactions through an ESG lens.

Related insights:

Sustainability Reporting Alert | SRA 2025-4 Australia’s 2035 emissions reduction target and path to net zero

Samantha Sing Key

| 9 min read | 26 Sep 2025

Consulting

Our consulting team supports its clients with hands-on and proactive advice on all aspects of their strategies for sustainable growth.

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Management consulting
Our management consulting services team helps you to plan and implement the right strategy to deliver sustainable growth.
Financial consulting
We provide financial consulting services to keep your business running so you focus on your clients and reaching strategic goals.

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Insight Issues arising from misaligned succession and estate plans

Managing family businesses can be complex as it involves navigating daily operations as well as family dynamics. Because of this, it’s important both your succession and estate plans align. While documenting your succession plan is key, it’s equally important your estate plan legally reinforces your vision for the future.

Kirsten Taylor-Martin

| 6 min read | 26 May 2025

Market services

China practice
The investment opportunities between Australia and China are well established yet, in recent years, have also diversified.
Japan practice
The trading partnership between Japan and Australia is long-standing and increasingly important to both countries’ economies.
India practice
It’s an exciting time for Indian and Australian businesses looking to each jurisdiction as part of their growth ambitions.
Singapore practice
Our Singapore Practice works alongside Singaporean companies to achieve growth through investment and market expansion into Australia.
Vietnam practice
Investment and business opportunities in Vietnam are expanding rapidly, driven by new markets, diverse industries, and Vietnam's growing role in export manufacturing, foreign investment, and strong domestic demand.

Industries

Agribusiness, Food & Beverage

Supporting the growth of ‘Australian Made’ in today’s markets

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Related insights:

Client Alert Tax treatment of the proceeds on the sale of land
The Federal Court decision in Morton v Commissioner of Taxation [2025] FCA 336 (“the Morton case”) provides key guidance on the tax treatment of proceeds derived from land development arrangements. This is particularly relevant to landowners considering development partnerships with third-party developers.

| 6 min read | 18 Aug 2025
Client Alert ATO releases new GST guidance on prepared meals
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Anika Reside
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Client Alert Wine not? Primary production land tax exemption no longer on the vine
For wine producers and vineyard owners, the recent New South Wales Civil and Administrative Tribunal decision in Zonadi Holdings Pty Ltd ATF Wombat Investment Trust v Chief Commissioner of State Revenue [2025] NSWCATAD 84 may spell trouble for their current primary production land tax exemptions.

Kristina Popova
| 7 min read | 09 May 2025
Client Alert Unlock 2025: government grants update
If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

| 11 min read | 20 Jan 2025

Energy & Resources

From an active natural resources M&A market, a growing energy and renewable energy market, to new technologies and export and trade agreements – we have the...

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Insight Impact of retaliatory tariffs on Australian and New Zealand exporters
As of April 9, 2025, a minimum universal tariff of 10 per cent has been applied to all imported goods into the United States, while certain countries face higher reciprocal tariffs based on their US trade deficit.

| 6 min read | 17 Apr 2025
Insight Critical Minerals and Hydrogen Production Tax Incentives – legislation passed
The Australian Parliament recently passed legislation to introduce two significant tax incentives aimed at bolstering Australia’s critical minerals and hydrogen production sectors. The incentives form a significant part of the Government’s ’Future Made in Australia‘ policy.

Paul Dawson
| 6 min read | 04 Mar 2025
Client Alert Unlock 2025: government grants update
If government grants are part of your 2025 strategy, take note of the available quarter one funding opportunities. With increasing inflationary pressures, government grants can be an essential alternative funding source for businesses with critical investment projects.

| 11 min read | 20 Jan 2025
Insight Tax planning essentials for successful M&A transactions
Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

Mark Trewhella
| 6 min read | 04 Nov 2024

Financial Services

Working with the sector to understand and manage risk, embrace opportunity and support regulatory compliance

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Insight Moving from Designated Business Group to the Reporting Group model
The AML Reforms introduce the concept of a 'reporting group'—a flexible model that allows both related and unrelated entities to manage and mitigate ML/TF risks under a single, comprehensive AML/CTF Program.

| 5 min read | 16 Sep 2025
Insight The introduction of Value Transfer Services
The introduction of Value Transfer Service obligations under Australia’s AML/CTF reforms significantly broadens the scope of compliance requirements, affecting a wide range of businesses and requiring new processes, technology, and training.

| 6 min read | 16 Sep 2025
Insight Know Your Customer: From simplicity comes complexity
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| 6 min read | 15 Sep 2025
Client Alert Eight key changes to the new AML/CTF Rules for existing entities
The final amendments to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Rules, published on 30 August 2025, introduce a series of structural and operational changes following extensive consultation by AUSTRAC and industry feedback.

Neil Jeans
| 5 min read | 05 Sep 2025

Health & Aged Care

Working alongside health, disability & aged care providers in a challenging environment

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Insight Prospects for the banking sector in health and aged care
The health and aged care industry in Australia is complex and there are a range of challenges and opportunities for the banking sector which can be explored in relation to its various sub-sectors.

Darrell Price
| 5 min read | 11 Jun 2025
Report Considerations for the Aged Care Quality and Safety Commission’s proposed Financial Standards
Explore recommendations to improve Aged Care Financial Standards and support provider stability.

| 4 min read | 08 May 2025
Insight Financial elder abuse or executor misconduct: funds tracing is the answer
With the recent rise in awareness of financial abuse of elderly individuals and the misconduct of executors of deceased estates, it is imperative to validate any suspected wrongdoing in order to pursue legal proceedings.

| 4 min read | 05 Mar 2025
Client Alert Implications of the aged care overhaul for businesses
The aged care overhaul is here, with major reforms shaping the future of care for older Australians. From funding shifts to enhanced home care options, these changes will require careful planning from businesses in the sector. Find out how the $5.6b investment into the quality, viability, and accessibility of aged care services and related reforms will affect providers and why strategic planning is crucial for the year ahead.

| 5 min read | 16 Sep 2024

Life Sciences

On track for innovation and growth

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Manufacturing

Supporting the growth of the innovators, the IP generators and the job creators

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Client Alert A new trade landscape: insights for Australian businesses
US tariffs 2025: Impact on Australian exports, trade strategy & customs review insights.

Richard Nutt
| 4 min read | 20 Aug 2025
Report Manufacturing benchmarks 2025: navigating complexity and building resilience
Discover how Australian manufacturers are responding to slower growth, rising costs and tighter margins in our 2025 Manufacturing Benchmarks report, with insights on performance, reinvestment and capability-building.

09 Jul 2025
Insight Sustainability: Maximising value for manufacturing
Explore how sustainability reporting can enhance compliance, supply chain resilience, and meet consumer expectations for manufacturing businesses.

| 5 min read | 08 May 2025
Insight Impact of retaliatory tariffs on Australian and New Zealand exporters
As of April 9, 2025, a minimum universal tariff of 10 per cent has been applied to all imported goods into the United States, while certain countries face higher reciprocal tariffs based on their US trade deficit.

| 6 min read | 17 Apr 2025

Not for Profit

Supporting social impact organisations to deliver for communities

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Insight Navigating financial sustainability in a complex Not-for-Profit landscape
Against a backdrop of rising cost-of-living pressures and economic uncertainty, Not for Profits (NFPs) are facing increasingly complex challenges to maintain financial sustainability. With public expectations rising, funding pathways under strain, and operational costs climbing, many organisations are being forced to reassess how they operate. While the pressures are real, this also creates an opportunity to rethink collaboration, strengthen governance and build long-term resilience.

| 6 min read | 19 May 2025
Insight Strengthening resilience for charities in a cost-of-living crisis
Australian charities are feeling the pinch of rising costs and increased demand as over 3.3m people live in poverty. From streamlining operations to diversifying funding streams and using technology like AI, leaders are finding ways to meet rising demand and stay resilient in today’s cost-of-living crisis.

Bhavesh Narsey
| 4 min read | 29 Jan 2025
Podcast Yalari: empowering the next generation through education
Yalari is a not-for-profit organisation offering secondary education scholarships to Australian schools for First Nations students. The organisation champions the value of education and nurtures an encouraging community for students to thrive in their studies.

| 26 min listen | 11 Jun 2024
Insight Federal Budget health and aged care initiatives announced
The Health and Aged Care industry faces continued uncertainty, but following the Federal Budget announcements on 14 May, improvements are expected.

Darrell Price
| 4 min read | 22 May 2024

Professional Services

Setting Australia’s knowledge powerhouse up for success

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Insight How to practically achieve AML/CTF compliance for the Legal Industry
Australia has commenced reforming its Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regime including the ‘Tranche 2’ reforms, which expand AML/CTF compliance to apply to additional professions including lawyers.

| 6 min read | 12 Sep 2025
Podcast The role of Boards in Australia's evolving AML/CTF landscape
In this episode, Risk Consulting Partners and AML/CTF experts Neil Jeans and Katherine Shamai discuss the implications of the new AML/CTF Amendment Act, AUSTRAC’s expanded authority to investigate organisations, and the important questions Board should be asking management teams when it comes to the new reforms.

| 25 min listen | 24 Feb 2025
Insight Tax planning essentials for successful M&A transactions
Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

Mark Trewhella
| 6 min read | 04 Nov 2024
Insight The significance of shareholder agreements in professional services firms
Learn why shareholder agreements are essential for governance, continuity, and protection. Explore key issues and benefits for business owners and partners.

| 4 min read | 29 Apr 2024

Real Estate & Construction

Supporting the sector to respond to economic and social shifts

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Client Alert Land banking under fire: VRLT expands to undeveloped sites from 2026
From 2026, Victoria’s VRLT will apply to long-term undeveloped land in metro Melbourne, targeting land banking and encouraging residential development. The expansion follows 2025 reforms aimed at improving housing affordability and supply.

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Insight How to practically achieve AML/CTF compliance for the real estate industry
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| 6 min read | 12 Sep 2025
Client Alert Navigating the new era of sustainability reporting: what property leaders need to know
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| 7 min read | 20 Aug 2025
Client Alert Residential colleges – do you know your GST position?
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| 5 min read | 09 Jul 2025

Retail & Consumer Products

Our aim is to help you find a better, simpler, more efficient, and more profitable way of doing things to keep your business safe and help you grow.

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Report What’s driving Australian retail spending in today’s economy?
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| 6 min read | 20 Mar 2025
On-Demand Unlocking retail opportunities in a transformative era
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50 min listen | 20 Feb 2025

Technology, Media & Telecommunications

Exciting, fast paced, innovative and disruptive

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Related insights:

Podcast From capital to sale: securing funding and exit strategies in the technology sector
In this episode, National Head of Corporate Finance & M&A Partner Holly Stiles and National Head of Technology, Media & Telecommunications and Private Business Tax & Advisory Partner Jace Gawne-Buckland discuss the current technology landscape in Australia, evolving expectations of investors, and tangible steps tech leaders can take to strengthen their position for future raises or exits.

| 24 min listen | 11 Jun 2025
Report Unlocking value: navigating funding and exit strategies in technology businesses
Explore strategies for scaling in Australia’s tech and SaaS sector in this report, covering capital raising, investor expectations, and long-term growth.

| 3 min read | 28 May 2025
Insight Tax planning essentials for successful M&A transactions
Discover key tax planning steps for a smooth, tax-efficient M&A transaction.

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| 6 min read | 04 Nov 2024
Client Alert R&D investment trends in Technology, Media, and Telecommunications from the ATO
The recent release of the Australian Taxation Office’s (ATO) R&D Tax Transparency Report for the 2021-22 period delivers valuable insights into the state of research and development (R&D) using claim data across various sectors, particularly in Technology, Media, and Telecommunications (TMT).

| 4 min read | 15 Oct 2024

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At Grant Thornton we do things differently because we understand that when you strive for better and care about what you do remarkable things are possible.

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At Grant Thornton we reach for remarkable and set the bar high to deliver a strikingly different experience for our people.

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Flexibility & benefits
The compelling client experience we’re passionate about creating at Grant Thornton can only be achieved through our people. We’ll encourage you to influence how, when and where you work, and take control of your time.
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Early careers

Here, you’ll join a collaborative, agile and dynamic firm that delivers quality services in Assurance, Tax, Financial Advisory, Private Advisory and...

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Working at Grant Thornton
At Grant Thornton we reach for remarkable and set the bar high to deliver a strikingly different experience for our people.
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Client Alert

Key takeaways from the Tasmanian State Budget

By:

Kristina Popova,

Nick Mellos

30 May 20253 min read

Spending highlights

$414m for sporting infrastructure and community sports over the forward estimates.
$297m towards education infrastructure including building works across 25 schools in Tasmania.
$95.7m in Tasmania's freight rail network in 2025-26.
An additional $63.7m to the Greater Southeast Irrigation scheme.
$38m investment to maintain tourism marketing funding over the next four years.
An additional $5.6m towards building four new Supersized Child and Family Learning Centres across the state.
$2.5m to support small businesses, including $500,000 to establish a new Small Business Start-Up Permit process.
$1.5m towards the Agriculture Research and Development Fund.
$1.5m towards the Tasmanian Institute of Sport Talent ID Program ahead of the Brisbane Olympics.
$500m over the next four years to deliver more social and affording housing.

Tasmanian Treasurer Guy Barnett delivered his first state budget on Thursday 29 May alongside Premier Jeremy Rockliff.

The second budget for the re-elected government forecasted a net operating deficit of $1b for 2025-26, which is projected to reduce to $850.1m in 2026-27. The government estimated $7.3b in net debt for 2025-26, increasing to $10.8b by 2028-29.

Unemployment was recorded at 3.8 per cent in April 2025. Separately, GST is the largest source of income for the state – 40 per cent of government revenue in 2025-26.

Revenue measures

Total revenue in 2025-26 is estimated to be $9.5b. Taxation revenue is estimated to be $1.9b accounting for 20 per cent of the total revenue.

Similarly to other state budgets delivered, no new or increases to taxes were delivered in this budget.

Consistent with pre-budget announcements, the stamp duty exemption for first home buyers of existing homes up to the value of $750,000 has been extended.

If you wish to discuss the Tasmanian State Budget announcements, please reach out to a Grant Thornton Partner today.

Learn more about how our Stamp duty & land tax services can help you

Visit our Stamp duty & land tax page