Here’s a summary of the highlights from the May 2024 Federal budget, focussing on proposals which we thought would be of particular interest ie the macro, personal and especially green energy and tackling climate change.

One of the government’s main priorities for this year’s Budget was to provide cost-of-living relief, including expanded tax cuts, energy bill rebates and student debt assistance, without adding to inflation.

The deal struck between the Albanese government, the Greens and the Teals to get the Safeguard Mechanism (SGM) legislation through parliament is a significant step forward on the nation’s decarbonisation pathway.

Due to come into effect from 1 July 2023, the partnership enhances the ambition, public accountability, integrity and impact of the mechanism legislation initially proposed by the government, and while still far from perfect, it is a major advance on the current state of play.

Here’s a summary of the highlights from the May 2023 Federal budget, focussing on proposals which we thought would be of particular interest ie the macro, personal and especially green energy and tackling climate change

While some of these proposals were announced pre-budget, at this stage it’s difficult to understand and predict how these projects will play out.

However it’s important to understand that the policy of government is aiming to reduce global warming and stand by our Paris 1.5 commitments.