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What does the Budget mean for you?

Key initiatives include:




  • Extension of temporary full expensing and loss-carry back providing immediate deductions for business investment in capital assets

  • Introduction of a ‘patent box’ offering tax concessions on income derived from medical and biotech patents

  • Tax and investment incentives for the digital economy

  • Extension of the low and middle income tax offset

  • Child care subsidy increase for families with multiple children

  • $17.7 billion over 5 years to reform aged care

  • $2.3 billion on mental health infrastructure and programs

  • New and extended home ownership programs for first home owners and single parents

Read the full article here:


Budget 2021-22
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