BUDGET TAX
The Government is to introduce a range of measures aimed at ensuring tax compliance.
The Multinational Anti-Avoidance Law is being extended to corporate structures involving foreign partnerships and foreign trusts.
There will be tougher rules on foreign investment in real estate to ensure foreign investors meet their Capital Gains Tax obligations, by removing the main residence exemption for foreign and temporary tax residents that own Australian real estate.
BUDGET CHILDCARE
The Government has promised $37.3 billion in child care for around one million Australian families, including before and after school care.
Starting in July next year, the single, means-tested Child Care Subsidy will introduce hourly rate caps and remove unnecessary regulation to allow providers to offer more flexible hours of care.
The Government will also provide $428 million to extend the National Partnership Agreement on Universal Access to Early Childhood
