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Australia | Planning for 1 July 2025 and beyond
Annual adjustments to charges and thresholds will commence on 1 July 2025, including increases to: (i) skilled visa income thresholds; (ii) superannuation guarantee rate; and (iii) visa application charges. In the attached alert, we reflect on the impact of these increases along with the Australian federal election results and what to expect in the next term of government.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.