Budget 2019-20

The 2019-20 Federal Budget is designed to showcase the return to surplus (and by default the Government’s economic credentials) and engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment.

2019-20 Budget highlights include:

• Personal Tax Cuts – $19.5bn package of personal income tax cuts
• Small Business – Instant asset write-off increased to $30k and expanded to businesses under $50m
• Massive ATO funding boost – Specialist tax advisers the focus of $1bn ATO task force funding
• Infrastructure – $100bn in infrastructure projects across all States and Territories

We have summarised and condensed information from the Budget in the following report.