Budget 2022: Small business groups respond favourably to tax and skills updates, but the “devil is in the detail”
Australia's small business community has expressed early support for some measures introduced by the 2022-2023 federal budget, without declaring it a cure-all for challenges facing the sector.
Morrison’s tech and skills funding offers broad commitments — but it won’t help the current skills shortage
Australia's tech leaders were looking for detail on the R&D Tax Incentive and targeted support to close the tech talent gap. None of this materialised, but there were glimmers of hope.
John Durie: Frydenberg looks the right way but fails to act in a budget of wasted opportunities
The budget is a classic example of Josh Frydenberg looking in the right direction to show he understands but ultimately failing to do the work to make the essential reform decisions.
Budget 2022: By the numbers
In a budget that’s big on spending, there’s plenty of money to go around. Here are all the key figures and forecasts in the 2022-23 budget.
Budget splashes cash on flood recovery and vague climate endeavors, while still backing fossil fuels
The budget includes $6 billion for disaster relief and recovery, while also propping up big polluting industries and dubious tech.
The budget has expanded the first home buyers deposit scheme. What does this mean, and what risks does it pose?
With housing affordability set to be a key election issue, the 2022 federal budget expands the scheme the Coalition put forward at the 2019 election to help first home buyers.
Budget 2022: Changes promised to make paid parental leave “fairer”
The Morrison government has promised to make the paid parental leave scheme “fairer” for more Australian families by introducing more flexibility to the system and expanding the eligibility criteria.
Budget 2022: Sector-by-sector guide
In another big spending budget, small businesses in a range of sectors stand to benefit. Here’s SmartCompany’s sector-by-sector guide.
Budget 2022: New ideas bring digital to the fore in election-eve budget, but meaningful change remains elusive
In the lead up to this year’s federal budget, we consistently heard two key themes in our conversations with small business owners and startup founders, and the groups that represent them.
Budget 2022: Fair Work Commission to get new small business unit, plus more funding for Ombudsman
The government has pledged to ‘back small business’ by establishing a dedicated unit within the Fair Work Commission and providing millions in funding to the Small Business Ombudsman.
Budget 2022: Trusts in focus as insolvency reforms set to continue
The Morrison government says it is committed to continued reform of Australia’s insolvency regime, earmarking the treatment of trusts as an area of focus.
Budget 2022: Australian SMEs granted 20% “bonus” tax deductions on tech upgrades and digital skills training
Australian businesses spending on digital skills and equipment will receive $1.6 billion in tax relief under a plan coming into effect tonight.
