New Infrastructure Projects $75 billion has been set aside for transport infrastructure including $24.5 billion in new projects. New projects include: Roads of Strategic Importance: $3.5 billion, including $1.5 billion for Northern Australia Package, $400…
The Government is very keen to push its economic credibility in this Budget – to the point that the Budget website is very glossy with a lot of ‘good news’ messages: An economy in its…
$1bn National Housing Infrastructure Facility established A $1 billion National Housing Infrastructure Facility will be established to provide financial assistance to local government from 2018‑19 for infrastructure that supports new housing, particularly affordable housing. The…
Farm Business Concessional Loans Scheme extended Eligibility to the Farm Business Concessional Loans Scheme will be extended to assist farmers and their partners who have received their full entitlement for the Farm Household Allowance (FHA)…
Increase in the Medicare Levy Date of effect: 1 July 2019 From 1 July 2019, the Medicare Levy will increase to 2.5% of taxable income (up from 2%) raising an estimated $8.2 billion across the…
The Government is very keen for private investors – including large scale investors and superannuation funds – to be a part of the solution to Australia’s housing affordability crisis. A series of new measures target…
$20k immediate deduction extended for another year Date of effect: Extended until 30 June 2018 The $20,000* immediate deduction threshold for assets purchased by businesses with an aggregated turnover of under $10 million will be…
The use of the superannuation regime to provide incentives to resolve public housing issues is an interesting measure and one that will spark a lot of debate and interest. Encouraging the over 65s to downsize…
The Government’s economic forecasts are optimistic (and susceptible to change) with global growth expected to recover and Australia’s economy to expand. However, the economic commentary in the Budget is littered with comments such as “uncertainties…
February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You…
