Bob Posted May 9, 2006 Report Share Posted May 9, 2006 The Australian financial year is exactly diametrically opposed to the calendar year.It begins on 1st July, ending on 30th June each year.To implement any changes to taxation, welfare, etc. the Australian Treasurer (or Chancellor of the Exchequer, in the U.K.) announces the government's budget for the coming year in May.Traditionally, this has been delivered on the second Tuesday in May and is known by Aussies as the "May Budget"The Australian Treasurer releases the coming year's budget after the 7 o'clock news.Australia is expected to have a A$14,000,000,000 surplus, so look out for the chocolate sweets being thrown all over the place to everybody.Christmas come early?? Quote Link to comment Share on other sites More sharing options...
woodag Posted May 15, 2006 Report Share Posted May 15, 2006 Well, I see that Bob posted than on budget day, but before the magic time that the details were revealed.It looks like his prediction about Christmas was spot on, particularly when it comes to the unexpected changes to superannuation.I find myself thinking “too good to be true”. Unfortunately, there's many a slip twixt what gets announced on budget night and what ends up in the actual legislation. Quote Link to comment Share on other sites More sharing options...
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