Chalmers Unveils Tax Relief and Easier Credit to Support Small Businesses

The tax office, banks, and large companies have stepped in to support small businesses and their employees.

Treasurer Jim Chalmers addresses the chamber in Parliament House in Canberra, Australia on Feb. 3, 2026. Hilary Wardhaugh/Getty Images

Jim Chalmers has unveiled targeted measures to ease immediate cash flow pressure on Australian businesses amid the ongoing fuel crisis and rising costs.

At the centre of the package is a temporary tax relief, with the Australian Taxation Office offering flexibility to businesses struggling to meet tax obligations.