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Federal Budget

Business news and views from Accountancy Group

Budget 2023-24

The 2023-24 Federal Budget will be released on Tuesday, 9 May 2023. Look out for our update the next day on the important issues to you, your superannuation and your business.

Little has been released to date on the impending Budget beyond the tax on super balances above $3m and the […]

By |27 April, 2023|Federal Budget|Comments Off on Budget 2023-24

Budget 2022-23 ‘D​【7 m】on’t Rock The Boat’

This is a safe, ballot box friendly Budget as expected with a focus on jobs, cost of living, home ownership, and health.

Key initiatives include: 

A 6 month, 50% reduction in fuel excise with effect from midnight Budget nightA $420 cost of living tax offset for low and middle income earners from […]

By |9 April, 2022|Federal Budget|Comments Off on Budget 2022-23 ‘D​【7 m】on’t Rock The Boat’

Federal Budget 2022-23

The Federal Budget has been brought forward to 29 March 2022. With the pandemic and the war in Ukraine we have seen a lot less commentary this year about what to expect in the Budget. But, as an election budget, we typically expect to see a series of measures designed […]

By |10 March, 2022|Federal Budget|Comments Off on Federal Budget 2022-23

The Balancing Act Budget: Federal Budget 2021-22

The 2021-22 Federal Budget is a balancing act between a better than anticipated deficit ($106 bn), an impending election, and the need to invest in the long term.Key initiatives include:

Extension of temporary full expensing and loss-carry back providing immediate deductions for business investment in capital assetsIntroduction of a ‘patent box’ […]

By |13 May, 2021|Federal Budget|Comments Off on The Balancing Act Budget: Federal Budget 2021-22
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