

A message from the Treasurer and Finance Minister
This year’s Budget sets out our plan to shield Australians from the worst of the global fuel crisis, and come out the other side a stronger, fairer and more resilient country.
We’re helping with the cost of living – delivering more tax cuts for Australian workers and locking in free healthcare closer to home.
This is about helping more young Australians buy a home of their own and backing small businesses to create jobs.
In an uncertain world, we’re focused on helping Australians now and making sure we’re prepared for what comes next.
From Tom 👋🏼
The Federal Budget has now been handed down, and I wanted to give you a practical summary of what it means for our community in Moore.
I fundamentally believe this is a good Budget.
Before you sharpen your pitchforks and get ready to come after me on Facebook hear me out.
It provides cost-of-living relief. It strengthens Medicare. It supports more housing. It backs small business. It invests in fuel security, infrastructure, skills and the services people rely on. Just as importantly, it does those things while keeping a responsible eye on the national books.
A Budget is not just a list of announcements. It is a statement of priorities. It's a choice and it tells you what a government values. And whether a government can make the difficult decisions to get through tough times.
I also want to acknowledge something upfront. Not every measure in a Budget lands the same way for every person. Some people will look at particular decisions and feel disappointed, frustrated or adversely affected. I understand that. People do not live in Budget papers. They live with rent, mortgages, school costs, health bills, fuel prices, grocery bills, business expenses and the thousand small pressures that add up over a week.
So I do not expect anyone to judge this Budget by a press release. People will judge it by how it affects their household, their business, their family and their future.
But when I look at the Budget as a whole, I believe it gets the big calls right.
It gives practical help now, while still investing in the things we need for the future.
Below I’ve got some links to what I think are some of the most important parts for us in Moore.
Where things stand
A lot was announced in May, and there's been plenty of noise since. Here's an honest snapshot of what has actually become law, what's been adjusted after feedback, and what's still being worked out, in plain English.
One thing worth knowing: the Budget isn't one single law. It's being passed in separate pieces over time, so different measures are at different stages. That's why some things below are settled while others are still moving.
Last updated 26 June 2026 · We update this page as each measure moves.
For small business owners
Your CGT safety nets are staying
If you run a small business, the concessions that matter most when you sell aren't being touched. All four are kept, and one is being extended to more businesses.
All four concessions stay
You can still reduce or completely wipe out tax on a gain when you sell an active business to retire, start a new one, or relocate. These have been in the tax law for years.
Over 90% keep access to all four
On the government's figures, more than nine in ten of Australia's 2.7 million active small businesses remain eligible for every one.
Past value is safe
The new rules start 1 July 2027 and only apply going forward. Value built up before then keeps the old 50% discount, whenever you sell.
If you use a discretionary trust
Only a minority do. A 30% minimum tax applies from 2028, but the government expects over 90% of small businesses won't be affected in any year. Farming income is exempt, and restructure support is available.
Got a question about how this affects you? Tom's office is happy to help point you in the right direction, though for anything about your own situation it's always best to check with your accountant or a financial adviser. Get in touch with the office or read the full Budget breakdown.
My view
This Budget will not solve every problem. No Budget does.
There will be more work to do on housing, health, wages, skills, energy, infrastructure and the cost of living. There will also be individual measures that people want to talk through, and my office will continue to do that work carefully and respectfully.
But I am proud to support a Budget that backs working people, supports families, strengthens Medicare, helps small business, invests in the future and keeps Australia moving in the right direction.
As always, my job is to keep listening, explain what decisions mean locally, and advocate for Moore.
-Tom

Find / Contact us
Electorate Office
Suite 6, 129 Grand Boulevard
Joondalup WA 6027
Phone
(08) 9300 2244
Acknowledgement of Country
Tom French MP acknowledges the traditional custodians of country throughout Australia and recognises their continuing connection to land, waters and community. He pays his respects to them and their cultures; and to Elders both past and present.
Authorised by Tom French, Suite 6, 129 Grand Boulevard, Joondalup, WA, 6027























