Business Research & Insights

Our economists stayed up all night so they could break down the Federal Budget for Australian businesses and individuals. Watch their take.

For regional & agri customers, Budget standouts were disaster recovery, energy rebates and the NBN rollout.

Significant policy initiatives were announced including for the PBS, to boost bulk billing and reduce hospital wait times.

This Budget had direct initiatives for business, like energy rebates and a ban on non-compete clauses plus potential for impact from cost of living measures.

Treasurer Jim Chalmers has delivered the Labor Government's 2025-2026 Federal Budget headlined by fresh tax cuts and other cost-of-living relief. The measures have sent the Budget back into the red after two consecutive years in the black and while there were few surprises, there is still plenty to unpack. Get the full Budget breakdown from Gemma Dale below.

This was an election-related Budget, with some big health initiatives and a surprise extra tax cut.