Federal Budget Analysis & Summary

The 2008 Federal Budget contained no major surprises, with many of the measures re-iterating previous announcements (including personal tax cuts). While there were no substantial changes to superannuation, there were still some items of interest for investors. Examples include:

A broader definition of ‘income’ for Government support programs, including co-contributions.
A change to the eligibility thresholds for certain benefits, such as Family Tax Benefit – Part B and the Baby Bonus.
Further clarity regarding the First Home Saver Accounts.
examining the budget
Download our full 2008 Federal Budget Summary as a PDF file (124KB) or…
Listen to an overview of the Budget with Andrew Lawless, Head of MLC Technical Services, as an MP3 audio file (805KB)
Note: To download these files, right-click on the links above and select ‘Save Target As…’.

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