An important measure leaked before budget night was the long overdue bringing of employee share schemes in line with overseas players. There was a surprise tax boost to SMEs to incentivise training staff and investing in digital technology.
This is now the 3rd Federal Budget in 18 months. If there’s a change of Government in the months ahead, some of these measures may not be introduced!
With many more details inside, we proudly present our federal budget summary and what it means for private groups and family businesses.