If you’re a small business owner, the 2017 Federal Budget has one very useful inclusion for you: the continuation of a $20,000 instant asset write-off for equipment expenses.
Successive Australian governments are usually judged on how they balance the budget and spend taxpayers’ dollars. The stereotypes are that Liberal governments keep a tight hold on the purse strings, while Labor governments are spendthrifts.
The Coalition government is seeking savings of A$2.8 billion from higher education over the budget period, in another attempt at a major shake-up of Australia’s university sector. The cost burden on students will be increased and the income threshold for repaying their debt lowered. .