Last night the Treasurer, Josh Frydenberg, handed down the Federal Budget. In delivering his Budget, he said, “events abroad are pushing up the cost of living at home” as he announced “temporary, targeted and responsible” financial support. With an election expected on 14 May, as predicted, this stimulus Budget includes initiatives to address the rising
The Federal Budget will be released on Tuesday, 29 March 2022. Not only is this an election Budget, so lots of good news, but it is a Budget coming off the back of a pandemic (and the debt required to keep the country running during the pandemic), and a series of extreme emergency events. On
Increase of the Superannuation Guarantee contribution rate to 10% The minimum superannuation contribution rate on ordinary times earnings paid to your employees is about to increase from 9.5% to 10%. This takes effect from 1 July 2021. Computer based pay-roll systems should make the correct calculations automatically. Digital Service Providers, that produce pay-roll software
Last night the Treasurer, Josh Frydenberg handed down the Federal Budget - declaring Australia’s economic engine is “roaring to life” with a quicker than expected economic recovery. As a result, the budget focuses on Australia’s pandemic recovery. In particular, there is an emphasis on addressing skills shortages as well as including a “women’s budget
