Tag Archives: directors liability

2020-21 BUDGET ANNOUNCEMENT

The Government budget announcement on 6 October 2020 for 2020 – 2021 financial year was delayed the from the usual delivery date of the second Tuesday in May as a result of COVID -19. The Government’s big spending and cash splash budget announcement was in response to the forecasted economic impact of COVID 19. GDP declined...
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2019-20 BUDGET ANNOUNCEMENT

Being an election year it wasn't surprising the Federal Budget announcement on 2 April 2019 provided a lot in the way of tax relief through increases in various tax offsets, increases in tax brackets and reductions in marginal rates of tax. As has become typical in past budget announcements the major tax relief announcements...
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2018-19 BUDGET ANNOUNCEMENT

The Federal budget announcement on 8 May 2018 was fairly conservative, light on any major tax reform and heavy on long term tax relief for many low and middle income  Australians. The Government was a beneficiary of higher than forecasted tax collections with a deficit forecast for 2017/18 of $18.2b (less than half the...
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