Tax Cuts Become Law After Senate Approval

For taxpayers, benefits will translate to savings of $268 in the first year and $536 in the year after that.
Tax Cuts Become Law After Senate Approval
Australian banknotes and a one dollar coin. Squirrel_photos/pixabay
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The Australian government’s proposed tax cuts have officially become law after the bill passed the Senate late on March 26.

Valued at $17.1 billion over four years, the tax plan aims to provide financial relief to taxpayers as the Labor government positions itself ahead of the upcoming federal election.