What financial experts are saying about the budget
by Andrew Hobbs, , Michelle Bowes, , Jessica Penny · Australian Financial ReviewAndrew Hobbs, , Michelle Bowes, , Jessica Penny and , Lucy Dean
May 12, 2026 – 12.51pm
Treasurer Jim Chalmers says tonight’s budget will be “very ambitious” and aimed squarely at lifting living standards over time.
Saying “the pace of change will pick up tonight”, the treasurer stopped short of revealing what’s in the budget beyond the well-flagged leaks of changes to capital gains tax, negative gearing and the taxation of trusts.
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Andrew HobbsWealth reporterAndrew Hobbs covers self-managed superannuation funds (SMSFs), financial planning, retirement, inheritance, tax, personal finance and, sometimes, the Perth Bears. He has been a financial journalist for 30 years, previously at Bloomberg and AAP.
Michelle BowesDeputy wealth editorMichelle Bowes is deputy wealth editor at The Australian Financial Review. She has been a business journalist for 25 years and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com
Jessica PennyWealth reporterJessica Penny is a wealth reporter for The Australian Financial Review in the Sydney newsroom. Email Jessica at jessica.penny@afr.com
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
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