2019-20 Federal Budget – update

Treasurer Josh Frydenberg  handed down the 2019-20 Federal Budget on 2 April 2019. As expected, this was the first Budget surplus in more than a decade. The measures in this Budget focus on building a strong economy, with infrastructure spending – in the form of a $100 billion National Infrastructure Plan – a key feature.

From a tax perspective, individual tax cuts are the centrepiece of this Budget, with a revised personal income tax package announced, building on the reforms from last year’s Budget.

Please contact R.E.M if you wish to discuss how the changes in the Budget affect you and opportunities which arise.