The Rapid Active & Affordable Transport Alliance (RAATA) has commended the Government for allocating $4.6 billion to public transport infrastructure. The RAATA noted that it’s the first time a Federal Government has made a significant investment in urban public transport, and believe it is “good for the environment… public health… and stimulating jobs in the […]
The measures handed down in the Federal Budget have largely been supported by the retail industry, because of the direct contribution they will make to help stimulate spending in the economy. National Retail Association (NRA) executive director, Gary Black welcomed the tax cuts, pension increases and infrastructure spending, believing they will “enhance aggregate consumer spending […]
Small business are not winners in the Government’s Federal Budget says Shadow Small Business Minister Steven Ciobo. “Labor’s Budget has missed the opportunity to assist Australia’s 2.4 million small businesses which are the key to Australia’s economic recovery.” Ciobo believes that they neglected to cover off one of the biggest problems facing small business – […]
The Federal Budget has delivered some hits and misses for small business, according to small business owner and CEO of marketing and public relations agency Taurus Marketing, Sharon Williams. Ms Williams has applauded the Government’s tax incentives for small business, with the Investment Allowance on capital assets increasing from 30 percent to 50 percent. “I […]
Treasurer Wayne Swan announced in his Budget speech last night that small businesses are the “backbone of the Australian economy” and as such has implemented a number of measures in the Budget designed to support small business.
Small business have received some tax relief in the Budget, with the Government increasing the Small Business and General Business Tax Break (Investment Allowance) from 30 percent to 50 percent. The 50 per cent deduction will be available on new capital worth $1,000 or more, such as vehicles, purchased between December 13, 2008, and December […]
As expected, the Federal Budget has included an 18 week paid parental leave at the minimum wage, amounting to roughly $540 a week and will be available for women earning less that $150,000 a year. The scheme is expected to be implemented in 2011 and has been welcomed by Sex Discrimination Commissioner Elizabeth Broderick who […]
In a blow to small business, the Government have delivered cuts to superannuation tax concessions in the Federal Budget, expecting to save more than $1 billion next year by halving limits on tax-deductible contributions, and reining back on its co-contribution scheme. The Government will halve the maximum limit on concessional contributions from $100,000 to $50,000 […]
The latest private health insurance rebate scheme delivered in the Federal Budget has been a blow for high income earners, as they face $1000 a year increase in health insurance payments, with the government tapering the 30 percent rebate for the wealthy. The rebate will start to reduce for couples with incomes of $150,000 (singles […]
After months of speculation that the boost to the first home owners grant was due to expire on June 30, the government has delivered a welcome surprise for first home owners, extending the grant until December 31. The first home owners grant was lifted from $7,000 to $14,000 for existing dwellings and from $14,000 to […]
