2016 Australian federal budget

May 2016 July 2026 Australian federal budget 2016 Australia Coat of Arms of Australia.svg 250px 3 May 2016 Turnbull government House of Representatives 44th Liberal/National Coalition Scott Morrison $415.7 billion $447.8 billion A$33.2 billionhttps://archive.budget.gov.au/2016-17/fbo/FBO-2016-17.pdf 1 October 2024 September 2017 Final Budget Outcome 2016–17 Scott Morrison Scott Morrison 1 October 2024 https://web.archive.org/web/20241001063708/https://archive.budget.gov.au/2016-17/fbo/FBO-2016-17.pdf The Commonwealth of Australia live 2205-6769 Mathias Cormann Mathias Cormann $322.3 billion (net debt) (18.4% of GDP) budget.gov.au 2015 Australian federal budget 2015 2017 Australian federal budget 2017 The 2016 Australian federal budget was the federal budget to fund government services and operations for the 2016–17 financial year. It was presented to the House of Representatives by Treasurer Scott Morrison on 3 May 2016. It was the third budget to be handed down by the Liberal/National Coalition since their election to government at the 2013 federal election, and the first to be handed down by Morrison as Treasurer and the Turnbull government. Breaking from convention, the budget was submitted a week earlier than the traditional annual date of the second Tuesday in May, amidst a run-up to the 2016 federal election. Prime Minister Malcolm Turnbull had recalled parliament early, in anticipation of a double dissolution triggering an election for 2 July 2016. Background In September 2015, Member for Wentworth and Minister for Communications under the Abbott government, Malcolm Turnbull, challenged the incumbent Tony Abbott for the Prime Ministership and won office by a vote of the Liberal Party caucus. He challenged Abbott on a rationale of "economic leadership", criticising his economic policies and claiming that he had "not been capable of providing the economic leadership our nation needs of providing the economic confidence that business needs."Turnbull, Malcolm Malcolm Turnbull Liberal leadership: Malcolm Turnbull's press conference announcing challenge to Tony Abbott http://www.abc.net.au/news/2015-09-14/malcolm-turnbulls-full-press-conference/6774744 ABC News Australia Australian Broadcasting Corporation 3 May 2016 15 September 2016 2 October 2018 https://web.archive.org/web/20181002181646/http://www.abc.net.au/news/2015-09-14/malcolm-turnbulls-full-press-conference/6774744 liveHartcher Peter Cox Lisa Liberal leadership: Malcolm Turnbull to challenge Tony Abbott https://www.smh.com.au/federal-politics/political-news/liberal-leadership-malcolm-turnbull-to-challenge-tony-abbott-20150914-gjm74c.html The Sydney Morning Herald Fairfax Media 3 May 2016 14 September 2015 21 September 2016 https://web.archive.org/web/20160921145222/http://www.smh.com.au//federal-politics/political-news/liberal-leadership-malcolm-turnbull-to-challenge-tony-abbott-20150914-gjm74c.html liveThe Australian staff 'We need a new style of leadership' https://www.theaustralian.com.au/national-affairs/tony-abbott-leadership-we-need-a-new-style-says-malcolm-turnbull/news-story/036eb19024ee3dfdcbce48e977e14778 The Australian News Corp Australia 3 May 2016 subscription 14 September 2015 After ascending to the Prime Ministership, Turnbull appointed the former Minister for Social Services Scott Morrison as Treasurer, replacing Joe Hockey who resigned from politics shortly afterwards.Clarke Melissa Conifer Dan Turnbull dumps ministers to make way for Cabinet 'renewal' http://www.abc.net.au/news/2015-09-20/malcolm-turnbull-announces-new-cabinet/6790098 ABC News Australia Australian Broadcasting Corporation 3 May 2016 21 September 2015 7 May 2016 https://web.archive.org/web/20160507143752/http://www.abc.net.au/news/2015-09-20/malcolm-turnbull-announces-new-cabinet/6790098 liveThe Huffington Post staff Joe Hockey Resigns From Parliament http://www.huffingtonpost.com.au/2015/09/20/joe-hockey-resigns_n_8164818.html The Huffington Post AOL (Verizon Communications) 3 May 2016 20 September 2016 Forecasts For the 2016–17 financial year, the government forecast a deficit of $37.1 billion, which is $2.7 billion less than the estimated $39.8 billion deficit during the 2015–16 financial year.News Corp Australia Network The Budget: your five-minute guide http://www.heraldsun.com.au/news/national/federal-election/budget2016/federal-budget-2016-your-fiveminute-guide/news-story/d12adba89935b98bbc53e84daced1485 Herald Sun News Corp Australia 3 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506003358/http://www.heraldsun.com.au/news/national/federal-election/budget2016/federal-budget-2016-your-fiveminute-guide/news-story/d12adba89935b98bbc53e84daced1485 live Taxes and income Income and business taxes Income tax in Australia The individual tax rates remained the same except that the $80,000 upper threshold for the 32.5% rate was increased to $87,000 effective 1 July 2016. The 2% deficit repair levy on individual incomes above $180,000 instituted by former Prime Minister Tony Abbott is set to be abolished from 1 July 2017. The small to medium business tax rate will also be lowered once again, by 1% to 27.5%, effective 1 July 2016.Khadem Nassim Federal Budget 2016: Tax cuts for small businesses, sole traders http://www.smh.com.au/business/federal-budget/federal-budget-2016-tax-cuts-for-small-businesses-sole-traders-20160503-1nvqgn.html The Sydney Morning Herald Fairfax Media 6 May 2016 3 May 2016 22 May 2016 https://web.archive.org/web/20160522170433/http://www.smh.com.au/business/federal-budget/federal-budget-2016-tax-cuts-for-small-businesses-sole-traders-20160503-1nvqgn.html liveMather Joanna Anderson Fleur Budget 2016: Small business cleans up $5.3 billion tax cuts http://www.afr.com/news/policy/budget/budget-2016-small-business-cleans-up-53-billion-tax-cuts-20160422-god25l The Australian Financial Review 6 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506021502/http://www.afr.com/news/policy/budget/budget-2016-small-business-cleans-up-53-billion-tax-cuts-20160422-god25l live The turnover threshold in which small businesses would be eligible for this lower tax rate will be raised significantly, from $2 million to $10 million, with the expectation that it will once again be raised to $25 million in 2017–18, $50 million in 2018–19, and eventually $100 million in 2019–20.Janda Michael Budget extends company tax breaks, multinational crackdown http://www.abc.net.au/news/2016-05-03/budget-2016-company-tax-break-multinational-crackdown/7381134 ABC News Australia Australian Broadcasting Corporation 6 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506080404/http://www.abc.net.au/news/2016-05-03/budget-2016-company-tax-break-multinational-crackdown/7381134 liveKelly Joe Up to 60,000 to get rate relief https://www.theaustralian.com.au/budget-2016/budget-2016-small-business-tax-rate-slashed-by-25-per-cent/news-story/674570561904a9f76276e2de36380a8b The Australian News Corp Australia 6 May 2016 subscription 4 May 2016 It is expected this tax cut will affect over 870,000 businesses, employing 3.4 million workers.Sinclair Hannah Budget 2016: Small business tax cut to encourage 'investment and enterprise' http://www.sbs.com.au/news/article/2016/05/03/budget-2016-small-business-tax-cut-encourage-investment-and-enterprise SBS World News Special Broadcasting Service 6 May 2016 3 May 2016 5 October 2016 https://web.archive.org/web/20161005005240/http://www.sbs.com.au/news/article/2016/05/03/budget-2016-small-business-tax-cut-encourage-investment-and-enterprise live Over 6,000 Sole traders, employing 1.5 million workers, will also receive a lower tax cut of 2.5% to 26.0%, subject to the same turnover threshold eligibility as small businesses and along with the same increase in turnover threshold over time. The unincorporated small business tax discount will also be increased by 3%, up to a fixed rate of 8%,Sexton Jennifer Budget 2016: Small business cleans up $5.3 billion tax cuts http://www.dailytelegraph.com.au/news/nsw/federal-budget-2016-small-business-players-just-had-a-big-win/news-story/e561a038852709de4100c726d8808cdf The Daily Telegraph News Corp Australia 6 May 2016 4 May 2016 8 May 2016 https://web.archive.org/web/20160508162503/http://www.dailytelegraph.com.au/news/nsw/federal-budget-2016-small-business-players-just-had-a-big-win/news-story/e561a038852709de4100c726d8808cdf live with the turnover threshold being increased to $5 million. After 2016–17, it is expected that the discount for unincorporated small businesses will increase to 16% by stages, before the 2026-27 financial year. In the forecast for the budget, Big businesses will receive a 5% cut to the corporate income tax rate, down to the OECD average of 25%, within a decade; the first reduction in the corporate tax rate in 15 years.Hutchens Gareth Corporate tax cuts to cost budget $5.3bn over four years https://www.theguardian.com/australia-news/2016/may/03/corporate-tax-cuts-to-cost-budget-53bn-over-four-years The Guardian 6 May 2016 3 May 2016 While the rate will stay fixed at 30% in the meantime, the Turnbull government plans to reduce it to a rate equal to the small and medium business tax rate of 27.5% in 2023-24, before being reduced to 27% in 2024-25, 26% in 2025-26, and eventually a fixed rate of 25% in 2026-27. Superannuation The budget made changes to the superannuation arrangements and thresholds.https://www.abc.net.au/news/2016-05-04/budget-super-shake-up-trims-tax-breaks-for-the-rich/7380826 1 October 2024 1 October 2024 https://web.archive.org/web/20241001063021/https://www.abc.net.au/news/2016-05-04/budget-super-shake-up-trims-tax-breaks-for-the-rich/7380826 live ABC News Budget 2016: Superannuation shake-up to reduce high income tax breaks 4 May 2016 Michael Janda Programs and expenditure Aged care The government changed the scoring of the Aged Care Funding Instrument, which allocates the government subsidy per person in aged care, by assessing their care needs. There was some additional funding for regional aged care facilities, but the net effect of the budget is "a reduction of $902.7 million over five years".https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview201617/AgedCare Aged Care aph.gov.au Parliament of Australia 18 September 2018 17 September 2018 https://web.archive.org/web/20180917034500/https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/rp/BudgetReview201617/AgedCare live Social security In the 2016 budget, the Turnbull government planned to cease the clean energy supplement of $4.40 for people beginning Newstart after 20 September.Gartrell Adam Pressure builds on Turnbull government to abandon Newstart cuts https://www.smh.com.au/politics/federal/pressure-builds-on-turnbull-government-to-abandon-newstart-cuts-20160826-gr2bwl.html 13 May 2018 The Sydney Morning Herald 27 August 2016 en 13 May 2018 https://web.archive.org/web/20180513223607/https://www.smh.com.au/politics/federal/pressure-builds-on-turnbull-government-to-abandon-newstart-cuts-20160826-gr2bwl.html live Infrastructure thumb|right|Public transport projects, such as the Parramatta Light Rail, were given more focus over road projects – a notable contrast from Abbott government budgets.Clennelll Andrew Budget 2016: NSW is now really travelling http://www.dailytelegraph.com.au/news/nsw/budget-2016-now-nsw-is-really-travelling/news-story/db2d9e7500cd36ffd7d522597b8564aa The Daily Telegraph News Corp Australia 5 May 2016 4 May 2016 Over $33 billion will be spent to deliver "critical and innovative" infrastructure, including road and rail upgrades.GovNews staff Budget delivers $33 bil for critical and innovative infrastructure https://www.govnews.com.au/budget-delivers-33-bil-critical-innovative-infrastructure/ GovNews 5 May 2016 4 May 2016 Out of this infrastructure fund, $115 million will be pledged towards the construction of the Western Sydney Airport at Badgerys Creek over two years, with $89 million dedicated towards planning, development, land acquisitions and construction security, and $26.2 million dedicated towards design research for a proposed extension of the South West Rail Link towards Badgerys Creek.Saulwick Jacob Budget 2016: Badgerys Creek airport sole Sydney transport project to get more funding http://www.smh.com.au/business/federal-budget/budget-2016-badgerys-creek-airport-sole-sydney-transport-project-to-get-more-funding-20160502-gojr7z.html The Sydney Morning Herald Fairfax Media 5 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506042016/http://www.smh.com.au/business/federal-budget/budget-2016-badgerys-creek-airport-sole-sydney-transport-project-to-get-more-funding-20160502-gojr7z.html liveHepworth Annabel Second airport lands millions https://www.theaustralian.com.au/budget-2016/budget-2016-second-sydney-airport-lands-millions-for-rail-links/news-story/66c2418548c2b48170fe492fae6421d0 The Australian News Corp Australia 5 May 2016 subscription 4 May 2016 It will be the only ongoing infrastructure project in Sydney to see an increase in funding from the previous federal budget. In total, $2.9 billion will be spent on infrastructure in New South Wales, including $1.7 billion towards construction of the Sydney Metro's extension into the city and southwest, and $78.3 million towards design and development of the Parramatta Light Rail. In Melbourne, $3 billion is still available for the Government of Victoria to spend on the proposed East West Link, which had been previously accepted by former Liberal Premier Denis Napthine, but rejected by Labor Premier Daniel Andrews after his election in 2014, who vowed instead to fund and construct the Melbourne Metro Rail Project, without federal support.Willingham Richard Gordon Josh Preiss Benjamin Victorian budget 2016: State to fund $10.9b Melbourne Metro Rail project http://www.theage.com.au/victoria/victorian-budget-2016-state-to-fund-109-melbourne-metro-rail-project-20160425-goec85.html The Age Fairfax Media 5 May 2016 27 April 2016 10 October 2016 https://web.archive.org/web/20161010074718/http://www.theage.com.au/victoria/victorian-budget-2016-state-to-fund-109-melbourne-metro-rail-project-20160425-goec85.html liveJohnston Matt Campbell James $60b haul fuels big-spending Budget http://www.heraldsun.com.au/news/victoria/victorian-state-budget-andrews-government-to-spend-30b-on-infrastructure/news-story/de5562bab1b49cf66279b70e36816be5 Herald Sun News Corp Australia 5 May 2016 27 April 2016 31 May 2016 https://web.archive.org/web/20160531155121/http://www.heraldsun.com.au/news/victoria/victorian-state-budget-andrews-government-to-spend-30b-on-infrastructure/news-story/de5562bab1b49cf66279b70e36816be5 liveGordon Josh Budget 2016: Victoria short-changed again on infrastructure spending https://www.smh.com.au/business/federal-budget/budget-2016-victoria-shortchanged-again-on-infrastructure-spending-20160502-gojsk4.html The Sydney Morning Herald Fairfax Media 5 May 2016 3 May 2016 Despite this, it was recommended to the Victorian Government that federal support of $857.2 million be spent on the Melbourne Metro, in addition to $20.2 million for the Murray Basin Rail project, taken from the Federal Government's Asset Recycling Initiative. The $4 billion sale of the Australian Rail Track Corporation, proposed by the preceding Abbott government, was completely dropped by the Turnbull government, in favor of developing and constructing the long-proposed inland rail line linking Melbourne and Brisbane.Pash Chris The government has introduced a $50 billion infrastructure plan http://www.businessinsider.com.au/the-government-has-introduced-a-50-billion-infrastructure-plan-2016-5 https://web.archive.org/web/20160504124933/http://www.businessinsider.com.au/the-government-has-introduced-a-50-billion-infrastructure-plan-2016-5 dead 4 May 2016 Business Insider Axel Springer SE 5 May 2016 4 May 2016Ludlow Mark Budget drops sale of Australian Rail Track Corp to pursue $10.7b inland link http://www.afr.com/news/policy/budget/budget-drops-sale-of-australian-rail-track-corp-to-pursue-10bn-inland-rail-20160427-goggpr The Australian Financial Review Fairfax Media 5 May 2016 3 May 2016 5 May 2016 https://web.archive.org/web/20160505162959/http://www.afr.com/news/policy/budget/budget-drops-sale-of-australian-rail-track-corp-to-pursue-10bn-inland-rail-20160427-goggpr live $594 million will be spent towards research and land acquisition, though there is no funding as of yet for construction of the line, which is projected to cost around $10.7 billion.Barbour Lucy Government commits $594 million to Inland Rail project http://www.abc.net.au/news/2016-05-03/budget-inland-rail/7374880 ABC Rural Australian Broadcasting Corporation 5 May 2016 3 May 2016 5 May 2016 https://web.archive.org/web/20160505201717/http://www.abc.net.au/news/2016-05-03/budget-inland-rail/7374880 live The Federal Government will also allocate over $2 billion to the establishment of the National Water Infrastructure Loans Facility, which will allow concessional loans to state and territory governments, helping to fund the construction of dams, pipelines, and groundwater recharge projects from July 2016.Kelly Joe A $2bn deposit for water bank https://www.theaustralian.com.au/budget-2016/budget-2016-a-2bn-deposit-for-water-bank/news-story/9b446b0f2b5fc7caaaf25f9a0fdd04db The Australian News Corp Australia 5 May 2016 subscription 4 May 2016Vidot Anna Government unveils concessional loans plan for dam http://www.abc.net.au/news/2016-05-03/federal-budget-rural-water-infrastructure-loans-scheme-announced/7376524 ABC Rural Australian Broadcasting Corporation 5 May 2016 4 May 2016 6 May 2016 https://web.archive.org/web/20160506012901/http://www.abc.net.au/news/2016-05-03/federal-budget-rural-water-infrastructure-loans-scheme-announced/7376524 live The new bank will replace the National Water Infrastructure Development Fund, which was established in 2015, and allocated only $500 million.Kotsios Natalie Budget cash for water loans http://www.weeklytimesnow.com.au/news/politics/water-loans-scheme-the-agricultural-highlight-of-federal-budget-2016/news-story/f4a7a8baaf77dd2d52ae4b71b226dc1e The Herald and Weekly Times News Corp Australia 5 May 2016 3 May 2016 The National Water Infrastructure Loans Facility will exist for 10 years,Chan Gabrielle Coalition gives states $2bn water infrastructure loan scheme in budget https://www.theguardian.com/australia-news/2016/may/03/coalition-gives-states-2bn-water-infrastructure-loan-scheme-in-budget The Guardian 5 May 2016 3 May 2016 1 October 2024 https://web.archive.org/web/20241001064431/https://www.theguardian.com/australia-news/2016/may/03/coalition-gives-states-2bn-water-infrastructure-loan-scheme-in-budget live and State and Territory governments will have a deadline of 25 years to repay money taken from the fund.Australian Associated Press Associated Press States to access loans for dams http://www.sbs.com.au/news/article/2016/05/03/states-access-loans-dams SBS World News Special Broadcasting Service 5 May 2016 3 May 2016 4 May 2016 https://web.archive.org/web/20160504124035/http://www.sbs.com.au/news/article/2016/05/03/states-access-loans-dams live Minister for Agriculture and Water Resources Barnaby Joyce stated that funding proposals for over 60 water infrastructure projects had been received by the federal government at the time of the budget's release. Employment $751.7 million will be dedicated to funding a new workfare program targeted at unemployed youth under 25, known as the Youth Jobs PaTH scheme.Jabour Bridie Businesses to be paid to take on young unemployed people as interns under budget https://www.theguardian.com/australia-news/2016/may/03/businesses-to-be-paid-to-take-on-young-unemployed-people-as-interns-under-budget The Guardian 3 May 2016 3 May 2016 1 October 2024 https://web.archive.org/web/20241001064435/https://www.theguardian.com/australia-news/2016/may/03/businesses-to-be-paid-to-take-on-young-unemployed-people-as-interns-under-budget liveJohnson Chris Prepare-trial-hire path for bosses and young jobseekers http://www.theage.com.au/business/federal-budget/budget-2016-new-840m-package-for-young-jobseekers-in-work-for-dole-shakeup-20160503-1nvqz8.html The Age Fairfax Media 3 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506090840/http://www.theage.com.au/business/federal-budget/budget-2016-new-840m-package-for-young-jobseekers-in-work-for-dole-shakeup-20160503-1nvqz8.html live It is an alternative for the "work for the dole" scheme introduced by the Abbott government in the previous budget. Slated to commence on 1 April 2017 and aiming to engage over 30,000 young jobseekers, the program will feature three stages; the first stage being an intensive pre-employment skills training course, five months after job seekers register with the Department of Employment's "jobactive" service.Sinclair Hannah Budget 2016: Vulnerable young people offered work pathway http://www.sbs.com.au/news/article/2016/05/03/budget-2016-vulnerable-young-people-offered-work-pathway SBS World News Special Broadcasting Service 3 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506011736/http://www.sbs.com.au/news/article/2016/05/03/budget-2016-vulnerable-young-people-offered-work-pathway liveTreharne Trevor 'Young, vulnerable and jobless' in budget crosshairs https://au.finance.yahoo.com/news/-young--vulnerable-and-jobless--in-budget-crosshairs-103333943.html Yahoo! Finance (Yahoo7) Yahoo! / Seven West Media 3 May 2016 3 May 2016 7 May 2016 https://web.archive.org/web/20160507192212/https://au.finance.yahoo.com/news/-young--vulnerable-and-jobless--in-budget-crosshairs-103333943.html live The second stage with see job seekers introduced into the workplace through at least 120,000 four to twelve-week internships provided in cooperation with jobactive and participating businesses,Hannan Ewin Business to get $1000 to take on an intern for four weeks http://www.afr.com/news/policy/budget/budget-2016-business-to-get-1000-to-take-on-an-intern-for-four-weeks-20160427-goglzf The Australian Financial Review Fairfax Media 3 May 2016 3 May 2016 4 May 2016 https://web.archive.org/web/20160504180942/http://www.afr.com/news/policy/budget/budget-2016-business-to-get-1000-to-take-on-an-intern-for-four-weeks-20160427-goglzf live where businesses will receive an upfront payment of $1000 for each intern they take on, and interns will be paid an additional $200 a fortnight, on top of their income support payments.Wade Matt Budget 2016: $1000 intern scheme worthy but open to exploitation http://www.smh.com.au/business/federal-budget/budget-2016-1000-intern-scheme-worthy-but-risky-20160503-1nvrgp.html The Sydney Morning Herald Fairfax Media 3 May 2016 3 May 2016 6 May 2016 https://web.archive.org/web/20160506055553/http://www.smh.com.au/business/federal-budget/budget-2016-1000-intern-scheme-worthy-but-risky-20160503-1nvrgp.html live In the third and final stage, businesses who hire participants as employees will be given a wage subsidy of $10,000 for hiring "less than job ready" seekers and $6,500 for more job ready seekers, billed as the "Youth Bonus wage subsidy". To fund the program, $500 million will be axed from the work for the dole scheme, in addition to the $240 million Job Commitment Bonus.Calcino Chris Motivated job seekers to be given extra $100 a week http://www.sunshinecoastdaily.com.au/news/budget-attempts-put-young-jobless-right-path/3015696/ Sunshine Coast Daily APN News & Media 3 May 2016 3 May 2016 Furthermore, as of October 2016, "the most prepared job seekers" will now require at least 12 months of registration with jobactive for work for the dole, instead of the six months required before the change, forecast to save $494.2 million over four years. Reception The budget received mixed reactions from various sections of the community.http://www.abc.net.au/news/story-streams/federal-budget-2016/ Full coverage: Federal Budget 2016 - ABC Australian Broadcasting Corporation 3 May 2016 5 May 2016 https://web.archive.org/web/20160505074735/http://www.abc.net.au/news/story-streams/federal-budget-2016/ live The Australian Broadcasting Corporation produced two extensive publications − Budget 2016: Winners and losershttp://www.abc.net.au/news/2016-05-03/budget-2016-winners-losers/7338448 Budget 2016: Winners and losers - ABC ABC News 3 May 2016 5 May 2016 5 May 2016 https://web.archive.org/web/20160505050128/http://www.abc.net.au/news/2016-05-03/budget-2016-winners-losers/7338448 live and Budget 2016 cheat sheet: What you need to know.https://www.abc.net.au/news/2016-05-03/budget-2016-cheat-sheet-charts/7359608 Budget 2016 cheat sheet: What you need to know - ABC ABC News 3 May 2016 5 May 2016 1 October 2024 https://web.archive.org/web/20241001064435/https://www.abc.net.au/news/2016-05-03/budget-2016-cheat-sheet-charts/7359608 live References 30em External links Australia Business and economics Official website Budget 2016–17 official website Introduction speech, by Treasurer Scott Morrison (Transcript) Legislation Supply Bill (No.1) 2016–2017 Supply Bill (No.2) 2016–2017 ABC News coverage Budget 2016 coverage subsite "Budget 2016: Winners and losers" "Budget 2016 cheat sheet: What you need to know" Federal budget Category:Australian budgets Australia Category:Turnbull government Category:May 2016 in Australia