A number of potential tax changes were ruled out by the Treasurer. These include applying land tax to the family home (although this is a decision for the States), toughening up the welfare system so that parents would need to work once their child reached four years of age and strengthening means testing, removing the FBT benefits for the not-for profit sector and increasing the deductibility thresholds for donations to $25 (from $2), reducing the CGT discount or changing grandfathering arrangements, introducing a wealth tax , removing dividend imputation, or changing how alcohol is taxed (in the middle of a wine glut).

The Government has also ruled out removing the Medicare levy and abolishing luxury car tax.