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Budget 2020-21 Update

Posted 6 Oct '20

Road to Recovery?

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 more employees aged 16-35 years old
– $110 billion in infrastructure investment over 10 years
– Immediate deductions for business investment in capital asset
– Changes to how companies can manage losses
– Access to generous tax concessions for a wider range of businesses

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