2026 Federal Budget: What does it mean for SMEs

In this update, Westpac Group Head of Business and Industry Sian Fenner outlines the key measures impacting SMEs. The Federal government’s 2026-27 Budget included a range of measures aimed at supporting SME such as moves to reduce red tape and improve cash flows. However, some structural tax reforms are likely to see some SMEs face more complexity and increased advisory, legal, and administrative costs.