Peak professional body’s President says the 2026-27 Federal Budget has deepened the dysfunction of a tax architecture that has never been fit for purpose — and calls for structural reform, not more complexity
The Institute of Financial Professionals Australia (IFPA) is calling for a comprehensive, intergenerational overhaul of Australia’s income tax system, warning that the 2026-27 Federal Budget has compounded the inequities of a structure that successive governments — Coalition and Labor alike — have lacked the courage to fix.