Budget 2025: What about my business?
For retail businesses, it remains to be seen whether the changes will bolster consumer confidence to a point where the retail sector can rebound the way it’s been hoping to. Investment Boost and associated measures will bring some welcome tax relief and encourage spending on business assets to boost productivity. With tax incentives, a key […]
Budget 2025: Cost of living, families and social support
Cost of living support is targeted in specific areas, expanding some, shrinking others. Families receiving Working for Families support will see a bit extra for their fortnightly groceries. Budget 2025 lifts the Working for Families abatement threshold from $42,700 to $44,900 and the abatement rate from 27% to 27.5%. This is offset against savings from […]
Budget 2025: Health, education and defence
Budget 2025 allocates $6.8b of capital expenditure for hospitals, schools, rail and roads, and defence hardware and infrastructure. In health, just under $6b will fund hospital and specialist services and expand urgent and after-hours healthcare. An $886m education package supports children with additional learning needs, strengthens school attendance, and funds maths intervention teachers and maths […]
