What changed
- In effect Updated 2 Nov 2026
Home battery rebate: STC factor schedule and size tiers
Battery rebates fell to an STC factor of 6.8 per kWh from 1 May 2026, tapered above 14 kWh. The factor steps down to 5.7 on 1 January 2027.
- Announced Updated 2 Nov 2026
EV FBT exemption: what changes from 1 April 2027
The full FBT exemption for electric cars is set to apply only to cars up to $75,000 from 1 April 2027, with a 25% discount above that and for all eligible cars from 1 April 2029.
- In effect Updated 2 Nov 2026
Study loans: 20% cut to balances, and a new repayment system
Study and training loans that existed on 1 June 2025 are reduced by 20%. Compulsory repayments now apply only to income above $69,528 in 2026–27.
- Legislated Updated 2 Nov 2026
Income tax: the 16% rate is now 15%, and 14% from 1 July 2027
The second resident tax rate fell from 16% to 15% on 1 July 2026. A further cut to 14% from 1 July 2027 is law.
- In effect Updated 2 Nov 2026
Payday Super: super now has to be paid with wages
From 1 July 2026, employers must pay super at the same time as wages, and contributions must reach the fund within 7 business days of payday.