Deduct the full cost of depreciable assets
Businesses with turnover up to $5 billion will be able to deduct the full cost of eligible depreciable assets of any value in the year they are installed until 30 June 2022.
Insolvency reforms to support small business
The Government is making changes to the insolvency framework to better serve Australian small businesses, their creditors and their employees.
JobMaker Hiring Credit
The JobMaker Hiring Credit will give businesses incentives to take on additional young job seekers. This will help young people access job opportunities as the economy recovers.
Superannuation reforms
The Government says structural flaws in the superannuation system are letting too many Australians down
Infrastructure to boost growth and jobs
Since the start of the COVID-19 pandemic the Government has committed to invest an additional $14 billion in new and accelerated infrastructure projects over the next four years.
Tax relief for individuals
More than 7 million individuals are expected to receive tax relief of $2,000 or more for the 2020-21 income year compared with 2017-18 tax settings.
Government going halves on 100,000 new apprenticeship positions
The Morrison Government is backing trades to play a big role in Australia's economic recovery, offering a 50 per cent wage subsidy on new apprenticeships, effective immediately.
Feds announce $290 million for bridges and heavy vehicle safety
More than 350 projects will share in more than $290 million in Australian Government funding under Round 5 of the Bridges Renewal Program (BRP) and Round 7 of the Heavy Vehicle Safety and Productivity Program (HVSPP).