Content Summary
CPA Australia’s expert analysis of the 2023-24 Federal Budget
Federal Treasurer Dr Jim Chalmers delivered the latest Federal Budget from Parliament House in Canberra on Tuesday 9 May 2023. CPA Australia are providing all the key insights into this major announcement, exploring the impact the new spending measures will have on businesses, accountants and the public.
Federal Budget 2023-24 documents
This Budget was handed down via official documents at 7.30pm on Tuesday 9 May 2023.
Key takeaways from the 2023-24 Federal Budget

Budget surplus expected

Small business asset write-off

Small Business Energy Incentive

Household Energy Upgrade Fund

Boost to cyber skills

Minimum tax for multinationals

Superannuation tax

Change to super guarantee contributions

Push towards net zero

Increased bulk-billing incentive

Aged care workers wage increase

More welfare support
CPA Australia’s 2023-24 Federal Budget summary
Read our summary of the tax and superannuation measures from the 2023-24 Federal Budget for an overview of the Treasurer’s announcements. Discover, in more detail, what the latest Budget means for accountants, businesses and the general public.
CPA Australia’s 2023-24 pre-Budget recommendations
Prior to the 2023-24 Federal Budget, we put forward our top recommendations as part of our ongoing engagement with the Australian Government to advocate for policies that stimulate sustainable economic growth and have positive business and public outcomes.

Helping businesses and not-for-profits build capacity

Tackling skills and worker shortages

Climate change action

Economic transformation and improving public finances

Reducing regulatory pressure and improving public service delivery
Access real-time expert analysis on the Federal Budget
Follow us on LinkedIn to gain access to our breakdown of the 2023 Federal Budget.
Discover more
Federal Budget 2023 breakdown: expert accounting analysis
Media Release | 9 May 2023
- Media
Federal budget 2023 breakdown
article·Published onLachlan ColquhounVisit INTHEBLACKBudget 2022: Winners and losers
article·Published onLachlan ColquhounVisit INTHEBLACKFederal Budget 2022: Everyone wins a prize
article·Published onLachlan ColquhounVisit INTHEBLACKSteady hands on wheel but no North Star in Federal Budget
Media Release | 25 October 2022
- Media