The lead up to the latest Federal Government Budget was littered with numerous views of the anticipated changes that would occur when the Budget was handed down. Some occurred and some did not.
Once again, superannuation was a target and the lifetime cap to non concessional contributions was definitely not anticipated.
The cuts to tax for small and medium businesses will hopefully assist in "the national plan for jobs and growth for a stronger economy".
However, it is all dependent upon the outcome of the election in July.
The attached Budget overview provides an initial point summary, with expanded commentary in the following pages.