What was the tax-free threshold increase in Australia?

The increase in the tax-free threshold in Australia was from $6,000 to $18,200. This significant adjustment allows individuals to earn more income before they are required to pay tax, effectively reducing the tax burden on lower to middle-income earners. This policy change aims to provide financial relief and promote spending among citizens, contributing positively to the economy.

Additionally, raising the tax-free threshold can lead to increased disposable income for individuals within this income bracket, enhancing their ability to save or spend, which can stimulate economic growth. The choice aligns with the government's objectives of relieving financial pressure on taxpayers, particularly those in lower income brackets, and encouraging participation in the workforce.