Treasurer Frydenberg’s fourth Budget focused on short term support through cost of living measures as well as longer term commitments for skills development, health, cyber security, defence and regional Australia.
With an election expected to be called in the next few weeks, the Budget was squarely aimed at Australian voters. The Treasurer described the 2022-23 Budget as a “new chapter in Australia’s economic story.” Against the backdrop of a global pandemic, natural disasters, rising inflation and uncertainty overseas was a story that presented Australia as resilient, realistic and optimistic about its future.
HLB Mann Judd’s Federal Budget Alert provides a succinct summary of the announcements related to personal and business taxation, cost of living measures, tax compliance and superannuation. The Alert also contains a collection of comments and observations related to business taxation, policy and personal finance by HLB Mann Judd experts.
We are always seeking ways to help our clients navigate an increasingly complex corporate, business and personal finance environment. HLB Mann Judd regularly produces business and financial insights through our articles, newsletters, reports, videos and webinars.
Peter Bembrick, Tax Consulting Partner, Sydney
Josh Chye, Tax Consulting Director, Melbourne
James Henderson, Managing Partner, Brisbane
Litsa Christodulou, Business Advisory Partner, Perth
Peter Wirtz, Tax Consulting Services, Adelaide
Mitchell Markwick, SMSF Partner, Wollongong