Business groups have applauded the passing of $158 billion in personal income tax cuts, saying it will give a much-needed boost to the economy.
The federal parliament passed the three-stage package late on Thursday, with Labor in the end waving the legislation through after failing to get support to split the bill.
"This is a critical first step to ensure the Australian economy can grow faster," Business Council of Australia chief executive Jennifer Westacott said in a statement on Friday.
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