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This year, the Government faces a critical decision. 

With interest rates and inflation rising again, and government spending at its highest level in decades – forecast to reach almost 27 per cent of GDP – the impact on businesses and households is approaching a tipping point. 

At the same time, rising fuel, electricity and gas prices driven by ongoing global instability have created a perfect storm for policymakers. Against this backdrop, the Government has pointed to previous cost‑of‑living relief measures, including income tax cuts, student debt relief, and increased GP bulk‑billing rates.  

Treasurer Jim Chalmers has already signalled this year’s Budget will feature a productivity package, alongside an interest in comprehensive tax reform and ‘substantial’ savings measures. The question is whether these reforms will go far enough. While current economic pressures make ambitious reform more challenging, they also make it increasingly necessary. 

So, what do Australian businesses need from this year’s Federal Budget? 

Join us for our annual Federal Budget Virtual Seminar, where our panel of experts will unpack the proposed spending measures, tax reform implications and key policy changes outlined in the Federal Budget – and what they mean for businesses and individuals. 

Panellists