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IPA says Australia’s federal budget favours “piecemeal” tax fixes
Key takeaways
- The accountancy body made the observation after Treasurer Jim Chalmers presented the federal budget on 12 May.
- It added that the budget falls short of the broader reform needed to lift productivity, encourage investment and strengthen Australia’s long-term fiscal position.
- IPA CEO Andrew Conway said: “This Budget opts for short-term wins while leaving the tax settings that drive productivity and long-run growth largely untouched.
IPA says Australia’s federal budget favours “piecemeal” tax fixes Ellichipuram Umesh Tue, May 12, 2026 at 9:48 PM GMT+7 2 min read The Institute of Public Accountants (IPA) has said that Australia’s 2026 federal budget relied on “piecemeal” tax fixes.
The accountancy body made the observation after Treasurer Jim Chalmers presented the federal budget on 12 May.
It added that the budget falls short of the broader reform needed to lift productivity, encourage investment and strengthen Australia’s long-term fiscal position.
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