| Initiative | From |
| Individuals and families | |
| Energy price plan relief | July 2023 |
| Household energy upgrade fund | |
| Incentive to provide Medicare bulk billing to concession card holders and children | 2022-23 |
| Less people to pay Medicare Levy | 1 July 2022 |
| Exempting lump sum payments in arrears from Medicare Levy | 1 July 2024 |
| Increasing JobSeeker | 20 September 2023 |
| Single parent payment increase | 20 September 2023 |
| Increased rent assistance | 2022-23 |
| Scheme enabling pensioners to earn more extended | |
| In-home aged care increase | 2023-24 |
| Access to home guarantee scheme expanded to friends and siblings | 1 July 2023 |
| Superannuation & investors | |
| Clarifying the non-arms length income rules for super funds | N/A |
| 30% tax on super earnings above $3m | 1 July 2025 |
| Business & employers | |
| $20,000 small business instant asset write-off | 1 July 2023 (to 30 June 2024) |
| $20,000 small business incentives for energy efficiency | 1 July 2023 (to 30 June 2024) |
| Lowering tax instalments for small business | 2023-24 |
| ‘Payday’ super – Increasing payment frequency of employee super | 1 July 2026 |
| Hybrid cars excluded from FBT exemption for electric cars | 1 April 2025 |
| Franked distributions funded by capital raisings start date | 15 September 2022 |
| Tax breaks for build-to-rent developments (where construction commences after 7:30pm AEST on 9 May 2023) | 1 July 2024 |
|
15% multi-national global and domestic minimum tax · 15% global minimum tax for large multinational enterprises o Income Inclusion Rule o Undertaxed Profits Rule · 15% domestic minimum tax |
1 January 2024 1 January 2025 1 January 2024 |
| Heavy vehicle user charge increase | 2023-24 |
| Tax law changes for general insurers | 1 January 2023 |
| Clean building MIT withholding tax concession extended | 1 July 2025 |
|
Tax treatment of exploration and mining, quarrying and prospecting rights · Clarification of ‘exploration for petroleum’ · Clarification of tax treatment of depreciation deductions for mining, quarrying and prospecting rights |
Expenditure incurred from 21 August 2013 7:30pm AEST, 9 May 2023 |
| Bringing forward tax on natural gas | 2022-23 |
| Hydrogen Headstart program | 2023-24 |
| Guarantee of Origin scheme | 2023-24 |
| Critical Technology Industry | 2022-23 |
| Support for child care workforce | 2022-23 |
| 15% pay increase for Aged Care Workers | 2022-23 |
| Film industry location offset rebate increase | 2024-25 |
| Streamlining excise administration for fuel and alcohol | 1 July 2024 |
| Government & regulators | |
| Extending Part IVA anti-avoidance rules | 1 July 2024 |
| AAT to be replaced | 2022–23 transition |
|
Small business ATO compliance · Tax agents able to lodge multiple STP forms on behalf of clients · Reduce the use of cheques for refunds · 4 year amendment period for income tax returns |
1 July 2024
1 July 2024 1 July 2025 |
| Personal income tax compliance and rental property owners under scrutiny | 1 July 2025 |
| Small business lodgment penalty amnesty | Outstanding tax statements lodged from 1 June 2023 to 31 December 2023 that were originally due from 1 December 2019 to 29 February 2022 |
| GST compliance program extended | 1 July 2023 |
| Serious Financial Crime Taskforce and Serious Organised Crime program extended and merged | 1 July 2023 |
| Anti-slavery Commissioner | 2023-24 |
| Other | |
| Support for SMEs and start-ups – industry growth program | 2023-24 |
| Cybersecurity funding | 2023-24 |
| Disruptive defence technology funding | 2023-24 |
| Direct pathway for kiwis to become Australian citizens | 1 July 2023 |
| Reintroduction of work hour cap on international student visa holders | 1 July 2023 |
| International student post-study work rights extended | 1 July 2023 |
| Increase in wage expectations for temporary skilled workers | 1 July 2023 |
| Visa application charges increase | 1 July 2023 |
| $1bn to boost biosecurity | 2023-24 |
Budget 2023-24 – Timeline of Initiatives
