The federal government delivered what it has described as its most significant of the 21st century, and aside from sweeping, generational tax reform, there are some key changes hidden in the thousands of pages.
The federal government delivered what it has described as its most significant budget of the 21st century, and aside from sweeping,Here's what else you might have missed.
The federal government delivered what it has described as its most significant budget of the 21st century. Airlines and cruise companies will be made to pay an extra $10 for every passenger departing the country via air or sea. The government's Passenger Movement Charge will be increased from $70 to $80 from January 1 2027, according to the 2026 budget papers. Aviation sources previously warned that airlines would pass on the extra $10 to passengers.
The cost of slugging airlines with an extra $10 per passenger is forecast to increase revenue by $755 million over five years. A Qantas Boeing B787-9 plane, registration VH-ZNI, taxiing to the international terminal of Sydney Kingsford Smith Airport after arriving as flight QF28 from Santiago. In the background is a Virgin Australia Boeing B737-8FE plane, registration VH-VUR, taking off as flight VA862 to Melbourne. In the far background are tower blocks.
This image was taken from Kyeemagh, Botany Bay on a sunny afternoon approaching sunset on 11 April 2025. The federal government said it is "modernising" the pension supplement paid to Australians who live overseas, a reform it said will deliver around $218 million in savings over the next five years. Eligibility of the pension will shift to cease supplement payments for recipients who are permanently living abroad or who are absent from Australia for more than three months.
Before now, travellers had their full rate of the pension supplement suspended if they left the country for six weeks or more. The pension supplement is an extra payment which is paid on top of the aged care pension which helps with utility, phone, internet and medicine costs. The treasury has offered a grim forecast for mortgage holders after a triple rate hike blow was delivered in March, April and May.
It predicts that another cash rate hike is coming in September, spelling doom for households hoping for some interest rate relief. If previous rate hikes are a guide, the big four banks and lenders are likely to pass on a September increase. The treasury has offered a grim forecast for mortgage holders after a triple rate hike blow.
will be extended until 2029, an extra two years and three months.government announced the ban during the 2025 Federal Election race, which aims to freeze out foreign buyers from purchasing already built homes. Crackdown on visa misuse This year's budget includes a $74.2 million allocation to crackdown on migrants attempting to misuse the protection visa system.
previously warned against temporary visitors applying for a $50 protection visa – which is reserved for asylum seekers escaping persecution in their home country – in a bid to remain in Australia and continue working. The department said it has noticed an uptick in temporary visa holders from the United Kingdom and Ireland being advised on social media to apply for a protection visa just to stay longer Down Under.
The bulk of this investment will be allocated to the Court of Australia and the Federal Circuit and Family Court of Australia. Another $19.8 million will be given to the Department of Home Affairs to ensure the "overall integrity of the international student visa system". The federal government's ban on foreign purchases of existing homes will be extended until 2029.
There will be an expected 25 per cent fringe benefits tax discount for drivers who have bought an electric car which costs over $75,000 by April 2027. Up until now, your car needed to cost less than $75,000 to be eligible for this tax break incentive. Despite a years-long debate over an EV road user charge, there is no mention of it in the 2026 budget papers.
The federal government will commit $50 million every year for a decade to construct or upgrade walking and bike paths across the country. READ MORE:A heavy investment will be made into Australia's national broadcaster to develop its Indo-Pacific broadcasting strategy. The ABC will be given an extra $14.1 million over two years to build "production, distribution, capacity building, and media engagement activities in the region".
Meanwhile, the SBS will be offered a portion of a broader antisemtism and counter-terrorism package in the wake of the Bondi terror attack to extend itsAnd the AAP will be allocated $15 million in this budget to ensure it remains financially viable.
'Nuisance' tariffs on margarine, tyres out the window Another 497 "nuisance" tariffs will be abolished in a second tranche of reforms aimed at cutting costs and boosting productivity. From July 2026, tariffs will be eliminated on various products including wine glasses, tyres, air conditioners, margarine, and bitumen. NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.
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