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Federal & State Budgets

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Federal & state budgets

Every year our technical teams come together and work throughout the night to bring you the key takeaways from the Budget.

Federal Budget Federal Budget 2024/25 Overview Last night the 2024 Federal Budget was handed down by the Treasurer aiming to address inflation, higher interest rates and cost of living. Businesses and individuals are feeling the pressure navigating through challenging conditions. These economic conditions require strategic foresight and adaptive measures from the Australian government. This year’s Federal Budget comes at a critical […] 14/05/2024
State Budget VIC State Budget 2024/25 The Victorian State Budget 2024/25 seeks to address the inflationary and interest rate pressures and focuses on health and education spending. With high debt levels, Treasurer Tim Pallas has curbed infrastructure expenditure with property taxes set to increase. Key takeaways What does the State Budget mean for you? Property & infrastructure Payroll Tax Contributors William […] 09/05/2024
Federal Budget Federal Budget 2024/25 Business Webinar Discover the Hidden Gems of the Federal Budget 2024/25. What will it deliver to support you, your business and your industry? With global inflationary pressures, high interest rates and the cost of living crunch, businesses and individuals alike find themselves navigating through challenging conditions. These economic conditions require strategic foresight and adaptive measures from the […] 09/04/2024
State Budget VIC State Budget 2023/24 The 2023/24 State Budget delivered by the Victorian Government seeks to repay COVID-19 debt through taxing big business and property investors. Temporary levies and job cuts are central to the 10-year fiscal repair plan which are set to impact business and employment. Key takeaways Larger businesses and landlords will have to pay additional taxes to […] 24/05/2023
Federal Budget Federal Budget overview 2023/24 – May Last night, the Federal Budget for FY23/24 was handed down by Treasurer Jim Chalmers. The Federal Government delivered a cost of living plan, promising it will not increase inflation. The budget included key measures for energy & resources, SMEs and healthcare with hospitality, tourism and property missing out. Did you miss out on our Federal […] 09/05/2023
Federal Budget Federal Budget 2023/24 Business Survey & Webinar What will the Federal Budget 2023/24 deliver to support you, your business and your industry? With inflation issues globally, we are seeing continued pressure on interest rates and cost of living, staffing shortages, supply chain issues and rising business costs. This Budget will need to deliver for Australian businesses, and particularly small to medium-sized enterprises […] 20/03/2023
Federal Budget Federal Budget overview 2022/23 – October Treasurer Jim Chalmers handed down our second Federal Budget for FY2022-23 last night. The Labor Party’s first Budget showed spending restraint amidst rising inflation with key investment areas including education, infrastructure and energy & resources. With the change of government, there was great anticipation on the updated Federal Budget. However, this Budget may not provide […] 25/10/2022
Federal Budget Federal Budget FY23 Business Survey & Webinar What will the Federal Budget 2022/23 deliver to support you, your business and your industry? A change in government for the first time in nine years, further interest rate increases expected, staffing shortages, supply chain issues and rising business costs – our fourth Federal Budget in two years will need to deliver for Australian businesses, and […] 21/09/2022
State Budget QLD State Budget Overview 2022/23 The Queensland 2022/23 Budget includes increased mental health support, payroll tax relief and mining companies face higher coal royalty rates. Queensland Treasurer, Cameron Dick, has handed down his 3rd budget as part of the government’s plan for economic recovery from the Covid-19 pandemic. Revenue measures announced as part of the 2022–23 Queensland Budget, include: a […] 21/06/2022
State Budget VIC State Budget 2022/23 The Victorian Government has delivered the 2022/23 Budget with a clear emphasis on health, education and infrastructure projects in Victoria and no major surprises or material new taxes for Victorian businesses. Key takeaways Although there are no key tax measures introduced, direct property taxes will continue to be the source of over 50% of new […] 04/05/2022
State Budget VIC State Budget 2022/23 – Property & infrastructure The Victorian Government has continued its emphasis on infrastructure investment in this Budget with a focus on schools, health facilities and social and affordable housing. Significant measures New infrastructure spending: $1.6bn for construction and development of new schools and school upgrades $1.6bn for construction and development of new hospitals, health facilities and related upgrades $2.6bn […] 04/05/2022
Federal Budget Federal Budget Overview 2022/23 Last night, Treasurer Josh Frydenberg delivered the 2022/23 Federal Budget, setting the Government up for their pre-election. With a May election fast approaching, there was a lot of anticipation that this Federal Budget would provide much needed support for households in managing the cost of living. While borders have opened, many business in several key […] 29/03/2022
Federal Budget Federal Budget Webinar 2022/23 With the Federal election around the corner, how will the Federal Budget support Australia’s economic recovery and encourage sustainable growth? Covid-19 continues to present significant challenges with labour shortages, supply chain issues and inflationary pressures. Australian businesses want to know how Treasurer Josh Frydenberg will tackle our economic recovery. Join us for the 2022/23 Federal […] 14/02/2022
Federal Budget Federal Budget 2021/22 Last night Treasurer Josh Frydenberg delivered the 2021 Federal Budget which was an extension of October’s 2020 COVID-recovery Budget, and focused on job creation and spending for individuals, in the wake of the pandemic. With an election looming, the conservative Budget included few surprises, continuing to give support to some key industries (but not all), […] 12/05/2021
State Budget QLD 2020/21 State Budget The QLD Government has announced a number of measures focussing on supporting businesses and creating more jobs within the state, including an infrastructure program to back recovery. Key takeaways $14.8bn infrastructure spending in 2020-21 – largest annual commitment in over a decade Infrastructure focus on roads and rail with key links in South East QLD, […] 04/12/2020
State Budget VIC 2020/21 State Budget – Agribusiness Key takeaways $300m to address regional telecommunication blackspots $2bn Breakthrough Victoria Fund and the Agricultural College Modernisation Program $30m for the Agriculture Energy Investment Fund Funding to support Victoria’s agricultural exporters Funding to assess regional Victoria’s agriculture industry skill needs. Impact to your business Funding which improves connectivity is welcomed and will help attract more […] 26/11/2020
State Budget VIC 2020/21 State Budget The Victorian Government has delivered its biggest ever spending budget designed to reinvigorate the economy and create Victorian jobs following the impact of COVID-19. Key Takeaways Projected deficit of $23.3bn this year. Net debt will reach $86.7bn in 2021 increasing to $154.8bn by 30 June 2024 The government has set the goal of creating an […] 25/11/2020
State Budget VIC 2020/21 State Budget – Property & infrastructure Key Takeaways Property $6bn Big Housing Build package 12,200 new social and affordable homes $111m to implement planning reforms and reduce red tape to fast-track new projects Stamp duty waiver of 50% on new residential property transactions of up to $1m (worth up to $27,500) Stamp duty waiver of 25% on existing residential property transactions of up […] 25/11/2020
State Budget NSW 2020/21 State Budget The NSW Government has tabled a 2020-21 State Budget which is very much focused on job creation and the improvement of government services, whilst continuing to keep people safe. Key Takeaways Projected deficit of $16bn (2019-20 deficit $6.9bn). Return to surplus by 2024-25 $29bn committed to economic support measures (including pre-budget measures) in response to the […] 18/11/2020