More than a million Australian families will soon get cheaper childcare, with extra money also set aside to hire more early educators. The Albanese government will commit $55.31 billion across the next four years in this month’s budget to make childcare more affordable from July. The signature...
WHAT WE KNOW ABOUT THE 2023 FEDERAL BUDGET SO FAR Treasurer Jim Chalmers will deliver his second federal budget on May 9, focusing on cost of living relief while ensuring spending does not add to inflation. BUDGET POSITION * Deficits likely over the next four years. Treasury says...
If you have business assets which are expected to decline in value over time, such as machinery, motor vehicles, furniture, computers and phones, it’s likely that you would have claimed a depreciation expense. So, what’s the difference between temporary full expensing and instant asset write-off? Temporary full...
The federal budget will unlock at least $10 billion of new investment in renewable power projects, with states already lining up for the funding. Energy Minister Chris Bowen confirmed on Wednesday the government’s commitment to a capacity investment scheme (CIS) for large-scale energy storage projects that...
The future value of companies is at stake as regulators, companies and governments grapple with sustainability and consumer protection. Federal Minister for Financial Services Stephen Jones warned a business audience that sustainable business must start in the boardrooms and in investment decisions, not marketing departments. “It has...
The private sector is confident the Albanese government can hand down a responsible budget that will be good for business. More than two-thirds of mid-sized business owners surveyed agreed the federal budget, due to be handed down next week, would be positive for the business community. But...