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The 2021-2022 Federal Budget reveals a digital pathway forward for Australia’s future economy. Businesses, manufacturing, governance and government is all underpinned by technology. The Digital Economy Strategy lays out what’s next.
The 2021-2022 Federal Budget highlights new opportunities for the life sciences sector in Australia. Already a great place or research and development, it’s time we ramp up domestic commercialisation and manufacturing to better support and tap into international markets.
Doubling the value of food & beverage manufacturing in Australia by 2030 is absolutely achievable. We have a number of advantages that make this possible.
Every country wants to export – it’s part and parcel of developing prosperity. And it’s part and parcel of Australia’s economy. To be successful, we need to have a diverse range of trade partnerships and to focus on value-adding manufacturing and retaining IP here in Australia.
Energy is critical to achieve our vision for modern manufacturing and a future digital economy. Both will be energy intensive. At the same time, Australia aims to achieve net zero emissions by 2050. We are reaching a critical point where a solution to affordable, sustainable and clean energy generation must be found or all the best laid plans will come to nought. What’s in the Federal Budget 2021-22 for the sector?
The 2021-2022 Federal Budget provided additional funding for the Health & Aged sector, however there are longer term issues that are yet to be fully resolved. So what’s on offer, and what do we need going forward to ensure quality and safe care for all Australians.
The resources sector is an Australian workhorse. Past booms have propelled the country forward into prosperity. It’s provided a buffer during downturns. It has cushioned the COVID blow on our national accounts. And it has a vital role to play in Australia’s economic future as part of the evolving demand for global resources. What’s in the Federal Budget 2021-22 for the sector?
In a measure designed to help first time home buyers to save a deposit more quickly, the Government will increase the maximum releasable amount of voluntary concessional (deductible) and non-concessional (after-tax) contributions under the existing First Home Super Saver Scheme (FHSSS) from $30,000 to $50,000.
The Government today announced significant changes to Australian Tax residency rules aimed at providing certainty and simplification for businesses and their employees as Australian borders begin to start re-opening to the world.
The proposed changes to both the tax treatment and regulatory framework of employee share schemes (‘ESS’) in Australia should be welcomed by employers and employees with tax–deferred ESS Plans.
Stuart Robert, as the new Minister for Employment, Workforce, Skills, Small and Family Business, now is your time to make change.
Three weeks out from the Federal Budget and we finally have some noteworthy spoilers on what’s to come on 11 May thanks to a speech delivered by Prime Minister Scott Morrison to the Business Council of Australia.
