Budget 2015: Overview
Last night Treasurer Joe Hockey presented his 2015/16 Budget, which on close analysis, appears to be highly targeted and seeks to keep change within community tolerance levels. Like all budgets, there are winners and losers.…
Budget 2015: Pensioners
Asset test changes Date of effect: From 1 January 2017 As previously announced, the Government will increase the asset test thresholds and the withdrawal rate at which pensions are reduced once the threshold is exceeded.…
Budget 2015: Farmers
Immediate deductions for fencing and water facilities Date of effect: For income years on or after 1 July 2016 From 1 July 2016, primary producers will be able to immediately deduct capital expenditure on fencing…
Budget 2014/15: Government
Reducing the size of Government In addition to freezing wages, the Government has put in place a wide reaching program to reduce the size of Government over the next four years. Merging by 1 July…
Budget 2014/15: Education
Universities able to set their own fees The cost of tertiary education will go up with Universities and other educational providers able to provide their own fee structure (or ‘contribution’ structure as they call it).…
Budget 2014/15: Business
The good news for business is that the decrease in the company tax rate from 1 July 2015 is safe for now. The bad news is that there are a series of other costs to…
Budget 2014/15: Individuals
For high income earners, the Budget announcements will mean that you are ‘contributing’, as the Treasurer says, more than ever. Don’t forget that for most taxpayers, your effective tax rate will increase from 1 July…
