The Federal Treasurer, Mr Scott Morrison, handed down his second Federal Budget at 7.30 pm (AEST) on Tuesday 9 May 2017.

 

The key themes included:

– A continued emphasis on jobs and growth

-Housing affordability

-Investment in infrastructure

-Growth in the regions

-Getting a further contribution from our major banks.

 

Key tax measures included:

-A major bank levy from 1 July 2017

-A commitment to extend the company tax cuts to cover all companies

-An extension of the instant asset write-off to 30 June 2018 for small business

-Strengthening of the multinational anti-avoidance law from 1 January 2016

-A suite of measures through the tax and superannuation system to relieve pressure on housing affordability

-An increase to the Medicare Levy by 0.5% to 2.5% from 1 July 2019.

 

Find out more

For more on these initiatives and the full 2017-18 Budget, visit the Budget 2017-18 website.