As your dedicated industry super fund, Hostplus has been working hard to unpack the proposed changes to help you understand how they may impact you.
As this is a pre-election budget there has been less emphasis on changes to superannuation and a greater focus on taxation and government spending than recent years. It is also important to note that all proposed changes are reliant on the re-election of the current government and the successful passing of the budget through the House of Representatives and the Senate.
With this in mind we’ve outlined several areas of interest below:
We’ll continue to keep you updated on any relevant matters that may arise from this budget however if you’d like to review the commentary first hand, visit budget.gov.au