What does it mean for you?

Treasurer Wayne Swan released the Government’s third Federal Budget on Tuesday, 11 May 2010.  It has been reported to be a budget with a “few surprises”, however there is potentially a number of proposals that may impact you.

The proposed changes still need to be legislated before becoming effective, therefore the final form of these proposals may differ significantly. It is important to seek professional financial advice in relation to the impact these measures may have on your personal financial position.

The budget aims to return us to a surplus by 2012/2013 after a budget deficit for 2009/2010, estimated at $57 billion. [Read more…]