The Budget focused on budget repair, cost of living relief and delivering the Labor Government’s election promises. Key target areas of the plan included family and childcare support, education incentives, affordable housing, healthcare and climate change initiatives.
Against the backdrop of economic instability, rising inflation, natural disasters and uncertainty overseas, Dr Chalmers stressed the 2022-23 Budget was solid, sensible and suited to the conditions.
HLB Mann Judd’s Federal Budget Alert provides a succinct summary of the announcements related to personal and business taxation, tax compliance, superannuation and housing measures. Contact our advisers should you wish to learn more or prepare for any matters which may affect your business or personal situation.
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.