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.
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