As predicted, spending to stimulate the Australian economy was the focus of this year’s Federal Budget. The JobMaker Plan is the Government’s $74 billion response to support a stronger economic recovery and bring more Australians back to work. Tax cuts for individuals and business is also a major element of the recovery plan.
Below we provide a ‘quick look’ at the announcements relating to superannuation, tax, small business, social security and job incentives. Please remember the measures outlined below are proposals only and are subject to change until legislated.
