Tax Reform: Not a New Tax, A New Tax System



These historical documents are presented as originally created. This may include an acronym for the Financial Assistance Grant program that is offensive and inappropriate, and which we no longer use.

The department apologises for the use of this term and any harm it caused.

Today, the program is referred to as the ‘FA Grant’ or the ‘Financial Assistance Grant’.

The tax reform plan set out in this document constitutes generational change in the Australian taxation system. The changes proposed in personal income tax rates and thresholds, in business tax, in assistance for families, in Commonwealth-State financial relations, in simplifying and streamlining the indirect tax system, in reducing business costs (including reducing fuel costs), in making private health insurance more affordable, and in many other areas constitute historic breakthroughs.