Australian Treasurer Jim Chalmers delivers the 2026-27 Federal Budget at Parliament House in Canberra, Australia on May 12, 2026. Hilary Wardhaugh/Getty Images
The 2026 federal budget overhauls wealth creation channels for Australians, offers a small tax break to workers, and keeps spending high.
Key changes include higher taxes on gains from the sale of assets, putting a halt to negative gearing except for new builds, and a $250 tax offset for workers.
