On 11 May 2021, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget.
Treasurer Frydenberg’s third Budget delivered a clear message to voters that Australia’s economic engine is roaring back to life and the country is well placed to meet the economic challenges ahead.
The 2021-22 Federal Budget was squarely aimed at rebuilding the economy following the once-in-a-century global pandemic. The Budget focused on better support for business, job creation and infrastructure investment as well as record commitments on essential services, mental health, disability support and aged care.
HLB Mann Judd’s Federal Budget Alert provides a succinct summary of the announcements related to personal and business taxation, tax compliance and superannuation.