Australian Treasurer Jim Chalmers delivered the 2024-25 Budget on 14 May 2024. In regard to taxation, the budget includes that the government will:
- Amend the start date of the 2023–24 Budget measure Tax Integrity – expanding the general anti-avoidance rule in the income tax law from income years commencing on or after 1 July 2024 to income years commencing on or after the day the amending legislation receives Royal Assent, regardless of whether the scheme was entered into before that date. …