Cuts are coming to the NDIS, with the federal government flagging 160,000 people are expected to be moved off the scheme by 2030 in a push to reign in spending growth. Health Minister Mark Butler says the reforms are necessary to rein in spending growth, with the scheme on track to cost $70 billion per year by the end of the decade. The disability community has expressed alarm and anxiety amid ongoing uncertainty about how the reforms will work and which participants will be affected.

Abolishing negative gearing for new investors, overhauling the capital gains tax discount and major cuts to the NDIS were were all expected in Tuesday night's budget. But what else was in there, and what does Jim Chalmers' 2026 budget mean for Australians? Guardian Australia's Matilda Boseley explains this year's winners, losers and surprises Budget 2026 Australia: Jim Chalmers goes for broke in federal budget facing twin threats of housing pain and Iran war disaster Budget capital gains tax changes and negative gearing reform explained Continue reading...