| This is a dream country to live in. We have no wars. There is political stability, strong economic growth, plenty of jobs, a government with a skills and future science and technology agenda and a gradual lowering of taxes. There is money in the budget for medical and genomic research, improvements in education funding including targeting more women and girls in STEM subjects and areas of high demand. There will be an emergency fund for natural disasters, drought and flood support and tax relief for small businesses. We can all look forward to driving on safer roads with a huge infrastructure investment in both congested city as well as rural areas, complemented with immediate plans for fast trains. There is a government plan to ensure that contractors and small business are paid on time. Residential eating disorders treatment centres will be established throughout the county. There will be additional aged care packages and important life-saving medicines will be added to the PBS. The budget includes large sums to protect the environment and security funding to protect our people. BUSINESS OWNERS Instant write-offs increasing from $25,000 – $30,000 per asset basis for $50 turnover.Lower taxesHuge Investment in infrastructure enabling better transport of goods and services and for people to get to workCreation of more jobsAdditional training of apprentices in key occupations (80,000 new apprenticeships)$8,000 incentive payment per placement to employ apprenticesA new fund with access to financeExport Market Development GrantsCuts to R & D (Research and Development) tax incentivesSME (small & medium enterprises) tax cuts to 25% over 4 yearsMinimization of bracket creep from 2924Greater superannuation flexibility for retirees PERSONAL Immediate Income tax cuts up to $1,080 per personFuture tax reductionsSuperannuation changesEnergy support for those on income support $75 per personNo pension increasesNo increase for those on unemployment benefitsAdditional home care packages for aged careFunds to improve travel times within cities$2,000 incentive payment to new apprentices upon employment. |
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