What does the 2017 budget mean to business in SA

Mixed Bag Budget for Business

  • Small businesses to benefit from one year extension to $20k instant asset write-off
  • Businesses employing foreign workers to be hit by levy based on turnover

The Federal Government has continued its path to restoring the budget to surplus with a predicted deficit of $29.4 billion, an improvement of nearly eight billion on the $37.6 billion deficit estimate for 2016-17. However, this is based on somewhat optimistic economic growth forecasts.

Video Summary

Federal budget 2017 review from Anthony Penney - Executive Director, Industry and Government Engagement and Con Michalakis - Chief Investment Officer, Statewide Super. 


Budget Breakdown and Media Release




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