What’s in the factsheet?

On Tuesday 25 March 2025, Treasurer Jim Chalmers handed down Labor’s 2025-26 Federal Budget. 

With an election right around the corner, Chalmers described his fourth budget as one that’s focused on cost of living pressures.

But what exactly does it mean for Australian businesses? 

It’s no question that small and medium-sized businesses have felt the full force of the last few years. Between stubbornly high interest rates, constantly changing employment legislation, growing cost of living pressures, and the threat of a global trade war, it’s a challenging time for any business owner right now. 

Unsurprisingly, all of these factors are driving up overheads and making it harder for businesses to operate and grow. 

With so many factors at play, one question is on every business leader’s mind – what does the future look like?

We’ve broken down all the key areas you need to be across including financial support, opportunities for skill development and education, proposed changes to employment legislation, plus many other key factors affecting SMEs.

Let’s unpack the 2025-26 Australian Federal Budget and what it means for SMEs. 

Disclaimer: The information in this article is current as at 25 March 2025, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this article are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article. You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this article.