contained none. However, controversy has emerged around new rules for

fringe benefits, income splitting, and means testing of the health

insurance rebate. Small business also was left hanging for long-awaited

changes. With a debt to reign in, the government instead focussed more

on issues of governance, compliance and regulation – and, effectively,

put the charity and financial planning sectors on notice. Tax experts

Dale Boccabella and Neil Warren, professors at the Australian School of

Business, consider the upshot.