Unprecedented…2020…is it ever! And in unprecedented times, during the first recession we’ve had in decades, this year’s Federal Budget is also unprecedented. It’s a cash splash. It’s about scaling up manufacturing and energy, boots and utes on the ground, and moving towards a digital economy.
Treasurer Ben Wyatt delivered the Western Australian State Budget on 9 October 2020, the first of the State and Territory budgets of 2020.
The New South Wales Government has moved to extend rent relief measures for commercial tenancies, providing an additional land tax concession to commercial landlords who provide relief.
On 23 September 2020, Treasurer Josh Frydenberg announced the most significant insolvency reform in the last 30 years
In a pre-election spending blitz, the Queensland Government has committed a further $4b to stabilise Queensland’s economy.
Today we released a report on the contribution of mid-size business to Australia – highlighting how initiatives and strategies geared to support and grow this segment could have a tangible impact on the Australian economy in just five years.
Following a surge in sales of goods from overseas based online retailers the Federal government has announced changes to the low-value import threshold for goods being imported into Australia in the 2016 Budget by extending GST to all imported goods from 1 July 2017. This measure is welcomed news for local retailers as the playing field is levelled for mid-sized businesses competing against foreign players not caught by Australia’s GST net.
