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Federal Budget 2023-24

Federal Budget 2023-24

May 10, 2023

Federal Treasurer Dr Jim Chalmers delivered the latest Federal Budget from Parliament House in Canberra on Tuesday 9 May 2023. The ‘ace in the hole’ of the 2023-24 Federal Budget was the $4.2bn surplus; the first in 15 years driven by a surge in the corporate and...
Budget 2023-24

Budget 2023-24

Apr 21, 2023

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...
2022-23 Budget 2.0 – A Guide

2022-23 Budget 2.0 – A Guide

Oct 26, 2022

There is nothing in this Budget that would create a UK-style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government initiatives. And, the commodity-driven...
Budget 2020-21: Road to Recovery?

Budget 2020-21: Road to Recovery?

Nov 18, 2020

The 2020-21 Federal Budget is a road to recovery paved with cash. Key initiatives include: Personal income tax cuts from 1 July 2020 A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old $110...