This is a Budget not only designed to showcase the return to surplus (and by default the Government’s economic credentials) but engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment.
The Government has also stated that it will keep taxes as a share of GDP within the 23.9% cap.
The Government’s broad ranging superannuation reforms to superannuation passed Parliament on 23 November 2016. It’s important to understand what these changes might mean to you so you don’t miss out on the short-term opportunities available now.
The reforms represent the single biggest change to superannuation since its inception. While there has been a sof...
The 2016-17 Federal Budget is a budget of targets – broad targets to boost business and innovation, and the narrow revenue targets of the wealthy and multi-nationals. It’s a big, long-term crafted budget designed to give enough pre-election glow but with structural measures to reign in spending and reduce concessions.