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Snapshot of 2024-25 State & Territory Budget changes and other updates
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Snapshot of 2024-25 State & Territory Budget changes and other updates

With the exception of Tasmania, all Australian States and Territories have now delivered their Budgets for 2024-25.

The first half of the 2024 calendar year has been a busy one in the world of State and Territory taxes, partly due to many measures associated with their budgets for 2024-25.

The Budgets contain announcements regarding changes to various tax and policy settings, and many of them have been followed by amending legislation.

In the attached summary, we provide a snapshot of key changes flowing from the 2024-25 State & Territory Budgets and relevant legislation released in May and June 2024.

Please contact us or your usual Pitcher Partners representative should you require any assistance.

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This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.

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Simon Chun

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