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Budget 2021-22: incremental, not dramatic, changes ahead - Knowledge


12 May 2021
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With the Australian economy having weathered the last 14 months incredibly well notwithstanding continued global economic, political and public health uncertainty, Budget 2021 is seeking to manage an increasingly complex dichotomy: how does Australia enhance our reputation as a country which is innovation friendly , focused on business prosperity, and welcoming to global human capital, while at the same time keeping our international borders closed for the foreseeable future?
In this Budget, the Government is looking to send a message that it is capable of managing this dichotomy effectively through a series of tax measures designed to: ....

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Budget paves way for small business-led national economic recovery


Date Time
Budget paves way for small business-led national economic recovery
The Australian Small Business and Family Enterprise Ombudsman Bruce Billson says the Federal Government’s 2021 Budget is a clear acknowledgement that small and family businesses are central to the nation’s economic recovery and future prosperity.
The Budget includes several new, extended and enhanced measures to support small businesses including:
$129.8 million to encourage entrepreneurship through the New Enterprise Incentive Scheme (NEIS) and Entrepreneurship Facilitators Program
$1.2 billion investment in the digital economy
$10 billion guarantee of reinsurance pool to cover cyclone and flood damage across Northern Australia
$506 million extension of federal government’s JobTrainer program ....

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