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CEO comment on the Federal Budget recently released

CEO comment on the Federal Budget recently released

The Federal Budget announcements were very much about two things:

  • Providing cost of living relief for many Australians without fuelling ongoing inflationary pressures and
  • Attracting investment from key industries via a “Future Made in Australia” package that focuses on moving towards more significant renewable energy initiatives.


Some of the key takeaways for small businesses are:

  • An extension of the $20k instant asset write-off for another year
  • Energy bill relief of $325 for one million small businesses
  • More apprenticeship programs in the clean energy sector, construction and advanced manufacturing
  • More TAFE/VET places largely relevant to construction
  • Investment into the Government’s Digital ID Scheme to reduce the amount of personal data stored by businesses
  • Investment to deliver stronger trade and investment ties with China, India and across South-East Asia.


The full suite of Federal Budget announcements can be found here

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