A major change to how some older Australians receive their pension, an extra $10 fee for international travel and a looming rate-hike warning is buried in the 2026 Federal Budget papers.

The federal government delivered what it has described as its most significant budget of the 21st century, and aside from sweeping, generational tax reform, there are some key changes hidden in the thousands of pages.

Here's what else you might have missed.

WHAT'S IN IT FOR YOU? The winners and losers from the federal budget

International passengers to pay more

Airlines and cruise companies will be made to pay an extra $10 for every passenger departing the country via air or sea.

The government's Passenger Movement Charge will be increased from $70 to $80 from January 1 2027, according to the 2026 budget papers.

It will be calculated on the date of departure, rather than the date of ticket sale.

Aviation sources previously warned that airlines would pass on the extra $10 to passengers.

The cost of slugging airlines with an extra $10 per passenger is forecast to increase revenue by $755 million over five years.

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Changes to aged care pension

The federal government said it is "modernising" the pension supplement paid to Australians who live overseas, a reform it said will deliver around $218 million in savings over the next five years.

Eligibility of the pension will shift to cease supplement payments for recipients who are permanently living abroad or who are absent from Australia for more than three months.

Before now, travellers had their full rate of the pension supplement suspended if they left the country for six weeks or more.

This provision has been extended by six weeks to a total of 12 months.

The pension supplement is an extra payment which is paid on top of the aged care pension which helps with utility, phone, internet and medicine costs.

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Borrowers should brace for another rate hike

The treasury has offered a grim forecast for mortgage holders after a triple rate hike blow was delivered in March, April and May.

It predicts that another cash rate hike is coming in September, spelling doom for households hoping for some interest rate relief.

The official cash rate target is now at 4.35 per cent.

If previous rate hikes are a guide, the big four banks and lenders are likely to pass on a September increase.

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Foreign investments ban extended until 2029

The federal government's ban on foreign purchases of existing homes will be extended until 2029, an extra two years and three months.

The Albanese government announced the ban during the 2025 Federal Election race, which aims to freeze out foreign buyers from purchasing already built homes.

This ban has been touted as the key to unlock thousands of properties for Australians.

Crackdown on visa misuse

This year's budget includes a $74.2 million allocation to crackdown on migrants attempting to misuse the protection visa system.

The Department of Home Affairs has previously warned against temporary visitors applying for a $50 protection visa – which is reserved for asylum seekers escaping persecution in their home country – in a bid to remain in Australia and continue working.

The department said it has noticed an uptick in temporary visa holders from the United Kingdom and Ireland being advised on social media to apply for a protection visa just to stay longer Down Under.

The bulk of this investment will be allocated to the Court of Australia and the Federal Circuit and Family Court of Australia.

Another $19.8 million will be given to the Department of Home Affairs to ensure the "overall integrity of the international student visa system".

READ MORE: Is this budget for the kids? What's on offer for boomers through to Gen Alpha

Electrifying Australia's car fleets

There will be an expected 25 per cent fringe benefits tax (FBT) discount for drivers who have bought an electric car which costs over $75,000 by April 2027.

All electric car owners will be able to claim the FBT discount by April 2029.

Up until now, your car needed to cost less than $75,000 to be eligible for this tax break incentive.

Despite a years-long debate over an EV road user charge, there is no mention of it in the 2026 budget papers.

Half a billion for bike and walking paths

The federal government will commit $50 million every year for a decade to construct or upgrade walking and bike paths across the country.

This amounts to a total of $500 million invested in making Australian cities walkable or bikeable.

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Media subsidies for ABC, SBS and AAP

A heavy investment will be made into Australia's national broadcaster to develop its Indo-Pacific broadcasting strategy.

The ABC will be given an extra $14.1 million over two years to build "production, distribution, capacity building, and media engagement activities in the region".

Meanwhile, the SBS will be offered a portion of a broader antisemtism and counter-terrorism package in the wake of the Bondi terror attack to extend its SBS Examines podcast series.

And the AAP will be allocated $15 million in this budget to ensure it remains financially viable.

'Nuisance' tariffs on margarine, tyres out the window

Another 497 "nuisance" tariffs will be abolished in a second tranche of reforms aimed at cutting costs and boosting productivity.

From July 2026, tariffs will be eliminated on various products including wine glasses, tyres, air conditioners, margarine, and bitumen.

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ANALYSIS: When's the best time to break an election promise?

The government will be hoping it's when your political opponent is in a shambles and the national mood has changed significantly since a crushing election loss many blamed on the very reforms Labor is attempting once again.

Under this year's budget, the capital gains tax (CGT) discount and negative gearing have been wound back, ending longstanding and generous tax breaks that have been in place since 1999 and 1987, respectively.

WHAT'S IN IT FOR YOU? The winners and losers from the federal budget

PROPERTY TAX CHANGES: Chalmers takes a razor blade to negative gearing and CGT discount

Prime Minister Anthony Albanese had refused to reform the two generous and popular benefits, repeatedly telling reporters during last year's election campaign that he would not tinker with the tax settings.

So what's changed?

Nine national affairs editor Andrew Probyn said this year's budget may have been the best time for Labor to break a key promise. 

"There are now many more younger voters than older voters and it's younger Australians who are finding it horribly hard to get into the housing market," he said.

"Politically, the Coalition is a diminished force.

"Perhaps there's never been a better time to break a rolled gold promise and get with it."

Treasurer Jim Chalmers has delivered on anticipated bold reforms in the face of rising gross debt that is forecast to reach $1 trillion in the next financial year and inflation that could reach 7 per cent by December due to the war in Iran.

"This budget includes the most significant tax reform package in more than a quarter of a century," he declared in his speech to parliament.

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The government will spend about $3.6 billion over two years to reform the CGT discount and negative gearing, which pales in comparison to the tens of billions the tax benefits have cost the budget over the years.

Some would say Albanese's previous vows not to tinker with negative gearing or CGT were smart, particularly since Labor under Bill Shorten lost the 2016 and 2019 elections after proposing changes to the CGT discount and negative gearing.

The risk the government has taken in making these changes is what has made this year's budget ambitious, added Probyn.

"This is an ambitious budget because it's attempting some tricky tax reform haunted by the ghost of Bill Shorten," he said.

The housing crisis, which sent the median house price soaring past $1 million, has prompted some calls to reconsider the property tax benefits, and ultimately spurred the government into a similar gamble as its stage 3 tax cuts backflip.

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By breaking an election promise, Albanese and Chalmers are promising to deliver changes they believe will benefit more people – roughly 75,000 of them getting to buy their first home – than they harm.

"Tonight, we choose the hard road of reform, not the path of least resistance, by responding to the pressures Australians confront today and fulfilling our obligations and responsibilities to the generations to come," Chalmers said.

Nine's chief political reporter Charles Croucher, however, warned the decision would take a long time to bear fruit for the government.

"These changes we've spoken about won't make a lot of money in the next two or three years, but it will change the way Australia looks at taxes, approaches wealth, particularly things like trusts and those big property portfolios," he said.

"He is trying to lay down a legacy, but he won't see the fruits of that legacy for quite some time."

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