Federal Budget 2021-22

2021

On Tuesday the 11th of May, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget.

The 2021-22 Federal Budget is a balancing act between continuing to support the COVID-19 recovery in the short-term and the long-term objective of budget repair.

Key initiatives include:

  • Extension of temporary full expensing for asset purchases and company loss-carry back for 12 months
  • Tax and investment incentives for the digital economy
  • Extension of the low and middle income tax offset for 12 months
  • Child care subsidy increase for families with multiple children
  • $17.7 billion over 5 years to reform aged care
  • $2.3 billion on mental health infrastructure and programs
  • New and extended home ownership programs for first home owners and single parents

For the full details of the items announced in the budget, please click this link to access our comprehensive budget guide.

 

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