In terms of tax announcements, as is the nature of recent Budgets, most of the important measures had been leaked prior to budget night. These included a significant change to the taxing of superfund member balances greater than $3m. There was some limited support for small businesses, with the announcement that the instant asset write […]
With many more details inside, we proudly present our federal budget summary and what it means for private groups and family businesses.
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 […]
Last night, Treasurer Josh Frydenberg triumphantly declared in his 2021-22 Federal Budget address that “Australia is coming back. After a year of pandemic that plunged Australia, and indeed the world, into the greatest economic crisis since the Great Depression, the Treasurer Josh Frydenberg has triumphantly given his Federal Budget address. Arguably Australia has weathered the […]
The Treasurer, Josh Frydenberg, delivered the 2020-21 Federal Budget last night and in his words it was “all about jobs”. The Treasurer set out the devastating financial impact that the COVID-19 pandemic has wreaked globally (“economy is expected to contract by 4.5 per cent this year compared to just 0.1 per cent during the GFC”) […]