The Australian Treasurer Scott Morrison delivered his third Federal Budget on 8 May 2018.
See CommBank's full coverage and analysis here.
You can find a breakdown of all the details you need to know here.
Keep in mind
Any changes outlined in the Federal Budget must be passed by both the House of Representatives, which is controlled by the government, and the Senate, where proposed expenditures are subject to examination within Senate estimates hearings. This means any proposed cuts or changes outlined above may not necessarily become law.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information.