• Skip to content
  • Skip to navigation

Grant Thornton Australia

Grant Thornton uses cookies to monitor the performance of this website and improve user experience.

If you are happy to accept cookies from this site, please check the box.

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

How to be COVIDSafe when visiting Grant Thornton offices. Find out how

Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Nigeria
  • Namibia
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Bahamas
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Dominica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • United States
  • Uruguay
  • Venezuela
  • Turks & Caicos
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
  • Lebanon
Grant Thorton Logo

Grant Thornton Logo Grant Thornton Logo

Contact us
  • Insights
  • Services
  • Industries
  • Meet our people
  • Careers
  • News centre
  • Locations
  • About us
  • Audit
  • Tax
  • Private Advisory
  • Financial Advisory
  • Grant Thornton Consulting
  • Asia
Audit Home
  • Audit methodology
  • Audit technology
  • Financial reporting advisory
Tax Home
  • Corporate tax
  • Employee equity reward schemes
  • Fringe benefits tax
  • Global mobility services
  • GST & indirect tax
  • International tax
  • Payroll assurance
  • Research & development
  • Tax compliance
  • Tax governance & risk management
  • Tax in mergers & acquisitions
  • Tax lawyers
  • Transfer pricing
Private Advisory Home
  • Family Business Consulting
  • Family office services
  • Private wealth
  • Superannuation
Financial Advisory Home
  • Corporate finance
  • Debt advisory
  • Forensic consulting
  • Payments advisory
  • Restructuring advisory
Grant Thornton Consulting Home
  • Business risk
  • Human capital
  • Performance improvement
  • Strategy & growth
  • Technology consulting
  • GNC Group Consulting
Asia Home
  • China practice
  • India practice
  • Japan practice
  • Agribusiness, food & beverage
  • Automotive dealers
  • Education
  • Energy & resources
  • Financial services
  • Health & aged care
  • Life sciences
  • Manufacturing
  • Not for Profit
  • Professional services
  • Public sector
  • Real estate & construction
  • Retail & consumer products
  • Technology & media
Agribusiness, food & beverage Home
Bite Size Dealtracker Food, Beverage & Agribusiness industry insights
Key insights for the Australian Food, Beverage & Agribusiness industry.
Financial services Home
  • Banking
  • Fintech
  • Private Health Insurance
  • Superannuation
  • Asset management
  • BEAR FAQs
  • Open banking
Royal Commission wrap up Top 10 things for Financial Services providers
Eleven months on from the first round of hearings for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, Commissioner Hayne’s final report has been released.
Health & aged care Home
Aged Care Royal Commission Perspectives on the Future of Ageing
Transitions in ageing are not consistent and systematic as they are described by our ageing systems. Sometimes they are incremental, sometimes accidental, sometimes monumental, and they are always personal. We can create something better.
Life sciences Home
Biotechnology Industry Position survey Australia's biotechnology industry drives economic growth
The 2019 Biotechnology Industry Position survey conducted by Ausbiotech and supported by Grant Thornton has revealed that new technologies across regenerative medicine and medicinal cannabis are disrupting the industry, and Australia's global strength in clinical trials continues to drive contributions to the economic and social fabric of the country.
Manufacturing Home
mid-sized business report Manufacturing is critical to our economy – how can we support the sector?
Although the knock-on effects of the Australian automotive industry exiting our country are yet to be fully understood, the industry is evolving, and manufacturing continues to be a major employer and critical to our overall economy.
Not for Profit Home
NATIONAL OUTCOMES MEASUREMENT PROGRAM A practical framework
Royal Commissions and federal budgets are critical things for Nonprofit human service providers to be thinking about at this point in time.
Real estate & construction Home
mid-sized business report Supporting affordable housing requires planning, certainty – and tax reform
There is a lot of noise around the property sector at the moment – and it’s not all positive. Prices are down – but this shouldn’t be a surprise when some markets (namely Sydney & Melbourne) saw unprecedented hikes in recent years.
Retail & consumer products Home
GNC Group Consulting The Technology Trap: Online innovation in retail
I recently attended the NRF Retail Big Show in New York, an overwhelming smorgasbord of retail technology and new store concepts.
Technology & media Home
  • Telecommunications
Scaling-up for Growth From start-up to scale-up
Navigating the complexities of growth and maintaining previous success is a challenge for all mid-size businesses.
  • Working at Grant Thornton
  • Student opportunities
  • Experienced careers
  • Contact us
Working at Grant Thornton Home
  • Flexibility
  • Your career and development
  • Diversity and inclusion
  • In the community
  • What we offer you
Student opportunities Home
  • Graduates
  • Vacationer Program
  • The application process
  • FAQs
  • Student application tips and tricks
Experienced careers Home
  • Client spotlight
  • Grant Thornton Australia | Audit, Tax and Advisory
  • Client alerts
  • 2018
  • South Australia State Budget 2018-19

South Australia State Budget 2018-19

05 Sep 2018
  • South Australia State Budget 2018-19

The new South Australian government handed down its first State budget on 4 September 2018. In his budget speech, Treasurer Rob Lucas emphasised that this budget focuses on the government’s “comprehensive reform agenda based on new priorities, projects and programmes”.

Overall, the State government’s aim is to secure South Australia’s future, which should benefit both individuals and the business community. Further, in this budget, the government delivers on State taxes changes that were promised during the recent State election.

Headline items from the budget include:

  • An estimated deficit of $397 million for 2017-18;
  • A $48 million budgeted surplus by the end of  2018-19;
  • Estimated State debt of almost $13 billion for 2017-18, growing to the budgeted $17 billion by 2021-22;
  • $11.3 billion for new roads and key infrastructure projects; and
  • $1.2 billion for health initiatives.

Major announcements

Major announcements made include:

Infrastructure and transport
  • $578 million Gawler Rail Electrification project ($615 million total project)
  • $439 over four years for community infrastructure
  • $354 million for Regency Road to Pym Street
  • $264 million for the Seaford to Aldinga Main South Road duplication ($305 million total project)
  • $315 million over four years for the Regional Roads and Infrastructure Fund, with guaranteed funding equal to 30 per cent of royalties
  • $109 million for the redevelopment of Lot Fourteen (former Royal Adelaide Hospital Site)
  • $89 million Port Wakefield Project
  • $82 million over four years for the Regional Growth Fund, Mobile Phone Black Spot funding and for Regional Development Australia Boards
Health
  • $800 million over five years to improve the sustainability and efficiency of the South Australian health system
  • $272 million for The Queen Elizabeth Hospital redevelopment
  • $140 million over 10 years for country hospital capital works and health infrastructure
  • $91 million for the Modbury Hospital upgrade
  • $40 million to reduce elective surgery waiting lists
Education
  • $515 million education spend increase
  • $692 million to upgrade schools, increase capacity and to facilitate the transition of Year 7 students to High School
  • $361 million for two new reception to Year 12 Schools in the metropolitan area and a secondary school in Whyalla
  • $261 million for two new birth to year 12 schools in northern and southern metropolitan suburbs (to be delivered via a public-private partnership)
  • $109.8 million over five years for TAFE SA for delivery of a new quality system and completion of remediation of qualifications
Social Responsibility
  • $454 million for residential housing
  • $360 million emergency services levy remissions over four years without affecting funding to emergency services
  • $169 million for 270 high security beds at Yatala Labour Prison and 40 beds at Adelaide Women’s Prison
  • $146.4 million to meet the total estimated cost of the National Redress Scheme to help heal the pain of those that suffered sexual abuse as children in government institutions
  • $30.9 million over two years to meet additional costs for children in care
Jobs and Other Economic Opportunities
  • $202.6 million over four years for the Skilling South Australia initiative to create up to 20,800 additional apprenticeships and traineeships (in partnership with the Commonwealth government)
  • $150 million over 10 years for regional economic opportunities and regional communities
  • $100 million over four years for the economic and business growth fund
Energy
  • $184 million to improve energy market reliability and improve electricity affordability
  • $150 million over four years for grid scale and household battery storage systems

State taxes changes

The budget delivers the following State taxes changes:

1. Payroll tax relief

Small businesses with a payroll of up to $1.5 million in taxable wages will be exempt from payroll tax from 1 January 2019.

Phased payroll tax relief will also be available for employers with a payroll of between $1.5 million to $1.7 million. Specifically, these employers will pay a tax rate that increases proportionately from zero per cent at $1.5 million in taxable wages to 4.95 per cent at $1.7 million in taxable wages.

All other employers will not be affected by any payroll tax changes.

In the meantime, the government will also continue the small business payroll tax rate measure introduced by the prior government until 31 December 2018. This measure provides small business with taxable wages between $600,000 and $1 million with a payroll tax rate of 2.5%, phasing up to the general rate of 4.95% for taxable wages above $1.5 million.

2. Land tax relief

The tax-free threshold will increase from $369,000 to $450,000 from 1 July 2020. In addition, a new 2.9 per cent marginal tax rate will be introduced (to replace the current 3.7 per cent rate) for landholdings between the current top threshold of $1.2 million to the new $5 million threshold.

 

Should you have any queries how the South Australia State Budget measures will impact you and your organisation, please contact your usual Grant Thornton advisor or the below contacts.

For more information, please contact:

Tony Windle
Tony Windle
Partner & National Head of Indirect Tax Brisbane
Email address https://au.linkedin.com/in/tonywindlegt Tony Windle VCard
View full profile
David Hawkes
David Hawkes
Partner & Head of Tax - Adelaide Adelaide
Email address https://www.linkedin.com/in/david-hawkes-9091849/ David Hawkes VCard
View full profile
Share this page
  • Share this page on Facebook LinkedIn
  • Share this page on Twitter Twitter
  • Share this page on LinkedIn LinkedIn
  • Share this page on Wechat WeChat
  • Share this page via email Email
  • Follow us on youtube
  • Follow us on linkedin
  • Follow us on twitter
  • Follow us on facebook
Connectclose
  • Contact us
  • Locations
  • Meet our people
  • Subscribe
  • Staff portal
Aboutclose
  • About us
  • Careers
  • News centre
  • Client alerts
  • Grant Thornton Foundation
  • Grant Thornton Affinity
Legalclose
  • Privacy
  • Compliance and ethics
  • Disclaimer
  • Site map

© 2021 Grant Thornton Australia Limited – All rights reserved

    • EN
    • Contact us