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Federal Budget

Business news and views from Accountancy Group

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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