Budget 2020-21 Update

Road to Recovery?

The 2020-21 Federal Budget is a road to recovery paved with cash.
Key initiatives include:
  • Personal income tax cuts from 1 July 2020
  • A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old
  • $110 billion in infrastructure investment over 10 years
  • Immediate deductions for business investment in capital assets
  • Changes to how companies can manage losses

Access to generous tax concessions for a wider range of businesses

Please contact your client manager directly by phone on (02) 8543 6800 or email for more information.