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Australia's federal election 2025 and immigration policy discussed
Australia's next federal election will be held on 3 May 2025. Having taken a policy of migration reform to the 2022 election, the governing Australian Labour Party (ALP) has not proposed further reform should it retain office. If the major opposition party, the Liberal-National Coalition (the Coalition) wins power, a reduction in migration to Australia is expected. A hung parliament where one or a combination of the Australian Greens, a minor party, or independents hold the balance of power and influence government policy is also possible.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.