Federal Budget Announcement 2021

The budget provides modest sums for advancing project readiness and studying scope reduction options to help inform the board as it works to produce a final realignment plan.

Federal budget announcement 2021. It has a three prong approach. Also in the federal budget it was announced that from 1 april 2021 the commissioner of taxation will be provided with powers to accept existing corporate records instead of requiring employers to obtain declarations from employees. Budget 2020 2021 announcement date and details about federal government budget.

Simplified trading stock rules from 1 july 2021. Tax concessions announced for these businesses in the federal budget include. A fringe benefits tax fbt exemption on the provision of electronic devices or car parking spaces to employees from 1 april 2021.

This should go some way to easing the fbt compliance burden but many of the compliance frustrations will remain. The 2020 21 federal budget is unashamedly a job creation blueprint. The budget focuses on incentives for employers to re employ those who have lost their jobs due to the pandemic or retain those employees currently on jobkeeper when this government wage subsidy finishes in march 2021.

The 2021 transit operating budget is 380 6 million 5 9 higher than the 2020 budget. Budget2020 announcement budgetupdate budgetannouncement budget2020update note full credit to owners.