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Federal Budget 2020-21 insights: Tax measures to stimulate the economy

A business-led economic recovery after a year like no other

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Eighteen months ago, the Treasurer was able to announce the first Budget surplus in more than a decade. The 2020-21 Federal Budget could not be more different – it is an unprecedented budget for unprecedented times.

The economic impact of COVID-19 and the steps taken to support businesses and individuals through the pandemic have resulted in ballooning government expenditure and shrinking government revenue. The measures in this Budget focus on rebuilding our economy - it’s the JobMaker Budget!

From a tax perspective, the bringing forward of already legislated personal tax cuts are a key feature of this Budget, along with a range of measures to stimulate business investment and jobs growth. This includes a temporary loss carry-back for companies with aggregated turnover of less than $5 billion, a new and improved instant asset write-off for businesses with aggregated turnover of less than $5 billion and the JobMaker Hiring Credit.


Business recovery and jobs growth

The Government has announced a number of measures to support businesses during the COVID-19 recovery in the form of new or extended incentives to promote investment and encourage opportunities to retain and create jobs.

New JobMaker Hiring Credit

The Government will support jobs growth for those aged 35 years and under by introducing a new credit for businesses that take on additional employees. The “JobMaker Hiring Credit” will be available to eligible employers from 7 October 2020 for each additional new job that is created for an eligible employee.  

To be eligible, employers must firstly demonstrate that the new employee will increase the overall employee headcount and payroll, using total headcount on 30 September 2020, and total payroll in the three months to 30 September 2020 as the base line. Special rules apply to newly established businesses and businesses with no employees at the reference date.

The credit will be available to most eligible employers regardless of size (with some exceptions, most notably any employer who is claiming the JobKeeper Payment), and there is no fall in turnover requirement to be satisfied. Employers will receive:

  • $200 per week if they hire an eligible employee aged 16 to 29 years, or
  • $100 per week if they hire an eligible employee aged 30 to 35 years.  

The JobMaker Hiring Credit will be available for new jobs created from 7 October 2020 until 6 October 2021, and will be paid for 12 months from the date of employment of the eligible employee up to a maximum amount of $10,400 per additional new position created.

To be eligible, the employee will need to have worked for a minimum of 20 hours per week, averaged over a quarter, and received the JobSeeker Payment, Youth Allowance (other) or Parenting Payment for at least one month out of the three months prior to when they are hired. Some other eligibility conditions apply. For further details, refer to this Budget Factsheet.  

Employers will claim the credit quarterly in arrears from the Australian Taxation Office (ATO) commencing from 1 February 2021 (for new jobs created in the first reporting period of 7 October 2020 to 6 January 2021), and will be required to report quarterly that they meet the eligibility requirements. The ATO will be provided with $305.9 million in additional funding for effective delivery of this program and the extended JobKeeper Payment.

Supercharged instant asset write-off

The Government will extend the tax incentives that currently apply to business capital investment announced early this year as part of the COVID-19 stimulus package, in the hope that this will continue to drive business investment and jobs growth.

Specifically, the Government has announced an instant asset write-off to support businesses with aggregated annual turnover of less than $5 billion (refer to this Tax Alert which considers the issues relevant to working out aggregated turnover). This will enable eligible businesses to claim a tax deduction for the full cost of eligible capital assets (subsequently confirmed in amending legislation to consist of depreciating assets located in Australia or principally used in Australia for the principal purpose of carrying on a business), acquired from 7:30pm AEDT on 6 October 2020 (Budget night) and first used or installed by 30 June 2022.

The measures are summarised in the table below: 

  Aggregated annual turnover less than $5 billion

Aggregated annual turnover less than $50 million 

Tax Deduction

Full cost of eligible capital assets in the year of first use for:
  • new depreciable assets, and

  • the cost of improvements to existing eligible assets.

Full cost of eligible capital assets in the year of first use for:
  • new or second-hand depreciable assets, and 

  • the cost of improvements to existing eligible assets. 

Acquired from

7:30pm AEDT on 6 October 2020 (Budget night) 

7:30pm AEDT on 6 October 2020 (Budget night) 

First used or installed by

30 June 2022

30 June 2022

Businesses with aggregated annual turnover between $50 million and $500 million can still deduct the full cost of eligible second-hand assets costing less than $150,000 that are purchased by 31 December 2020 under the existing instant asset write-off. Under the Budget measure, those eligible businesses that hold assets eligible for the $150,000 instant asset write-off will have an extra six months until 30 June 2021, to first use or install those assets. 

Small businesses (with aggregated annual turnover of less than $10 million) can deduct the balance of their simplified depreciation pool at the end of the income year until 30 June 2022. The provisions which prevent small businesses from re-entering the simplified depreciation regime for five years if they opt-out will continue to be suspended.

Loss carry back to support businesses suffering temporary shock

The Government will introduce a temporary loss carry-back measure to support companies with an aggregated turnover of less than $5 billion suffering a temporary shock as a result of the COVID-19 pandemic. The loss carry-back regime, which is a feature of the tax system in some countries overseas, will allow companies to choose to "carry back" tax losses to be offset against tax paid in a previous income year to generate a tax refund.

Specifically, a company with aggregated turnover of less than $5 billion (refer to this Tax Alert which considers the issues relevant to working out aggregated turnover) will be able to obtain a refundable tax offset (i.e. cash-back) in a loss year against previously taxed profits, subject to satisfying certain conditions. The offset is uncapped, however the amount carried back cannot be more than the earlier taxed profits and the carry back cannot generate a franking account deficit.

Losses incurred in the 2019-20, 2020-21 and 2021-22 income years will be able to be carried back and offset against taxed profits from the 2018-19 or later income years only. These losses may be created by other measures announced in the Budget including, for example, the new and improved instant asset write-off. There is, however, a one year delay in accessing the cash refunds, with eligible companies only able to receive a tax refund when they lodge their 2020-21 and 2021-22 tax returns. For further details, refer to this Budget Factsheet.

This is not the first time we have had a loss carry-back measure in Australia. The Rudd/Gillard Government’s loss carry-back measure was short-lived and repealed by the Abbott Government and as such only applied to the 2012-13 income year.

For more details about the new loss carry-back measures, refer to this Tax Alert

R&D tax incentives to stimulate business growth

The 2020-21 Federal Budget announcement marks a welcome significant step in the Government’s efforts to encourage investment in Research and Development (R&D) activities by companies in Australia, create jobs and help businesses manage the economic impacts of the COVID-19 pandemic. Importantly, the Government has taken the move to use this Budget to rethink its most recent attempts first announced in the 2018-19 Federal Budget to “better target” the R&D Tax Incentive.

Following a complete overhaul of the scheme in 2011, the rate of offset under the R&D tax incentive has since steadily reduced due to a number of subsequent amendments including the introduction of a $100 million R&D expenditure cap. More recent reviews have led to measures that are currently before Parliament which seek to amend the rates of the R&D tax offset so they are tiered, tied to the corporate tax rate and largely reduced. In addition, a $4 million cap on annual cash refunds was proposed.

The changes announced in the 2020-21 Federal Budget seek to reverse these more recent proposed cuts and instead enhance the benefits available under the program. Effectively, there will be very few companies that will be worse off under the new announcement compared to the current program and many claimants will be better off.

Specifically, the Government has announced that it will defer the start of previously announced changes to the R&D tax incentive to income years starting on or after 1 July 2021 with the following now proposed:

  • For companies with aggregated annual turnover of less than $20 million, the refundable R&D tax offset will be set at 18.5 percentage points above the claimant’s company tax rate, and the $4 million cap on annual cash refunds will not proceed.
  • For larger companies with aggregated annual turnover of $20 million or more, the Government will reduce the number of intensity tiers from three to two. The intensity tiers tie the rates of the non-refundable R&D offset to the companies R&D expenditure as a proportion of total expenses for the year. The non-refundable R&D tax offset will be the claimant’s company’s tax rate plus:
    • 8.5 percentage points for R&D expenditure between 0 and 2 per cent R&D intensity; and 
    • 16.5 percentage points for R&D expenditure above 2 per cent R&D intensity.

All other aspects of the previously proposed measures will remain unchanged, including the increase to the R&D expenditure cap from $100 million to $150 million per annum.

Cutting red tape for small business by extending tax concessions

In the lead up to the Federal Budget, the Government announced that it will expand the application of certain existing small business tax concessions to businesses with aggregated annual turnover between $10 million and $50 million (eligible businesses). These concessions are intended to support businesses to attract and retain workers, and reduce red tape as part of the Government’s larger economic recovery plan.

Although higher thresholds will apply, entities will still need to determine their ‘aggregated annual turnover’ in order to qualify for the available concessions. As this requires an entity to take into account not only their turnover, but also the turnover of connected entities and their affiliates, care needs to be taken before concluding that the concessions are available (refer to this Tax Alert which considers the issues relevant to working out aggregated turnover).

The expanded concessions, which will apply in three phases, are summarised in the table below.

Start date


From 1 July 2020

  • Immediate deduction for certain capital start-up expenses including costs of establishing a business entity, raising equity, or seeking advice relating to business restructuring or expansion.
  • Immediate deduction for certain prepaid expenditure such as rents, interest, leasing. 

From 1 April 2021
  • Fringe benefits tax (FBT) exemption on provision of certain car parking and multiple work-related portable electronic devices, such as phones or laptops, provided to employees (see further below).

From 1 July 2021

  • Access to the simplified trading stock rules which means no need to undertake a year-end stock take if the estimated difference between the value of all trading stock on hand at the start and end of the year is not more than $5,000.
  • Ability to remit pay as you go (PAYG) instalments based on GDP-adjusted notional tax instead of paying based on actual instalment income.
  • Ability to settle excise duty and excise-equivalent customs duty monthly (instead of weekly) on eligible goods.
  • Two-year period for the amendment of income tax assessments for income years starting from 1 July 2021, however this excludes entities that have significant international tax dealings or particularly complex affairs. 
  • A simplified accounting method to apply for goods and services tax (GST) purposes. 

These concessions will no doubt be welcomed by many medium-sized businesses and go some way to removing the various differential tax treatments that have applied over many years. There does remain, however, a number of other tax concessions which continue to be only accessible to smaller businesses such as the rollover relief for genuine business restructures (applicable to those with aggregated turnover of up to $10 million) and the small business capital gains tax (CGT) concessions which are still based on a $2 million aggregated turnover threshold.

Clarifying corporate tax residency rules

The Government will make technical amendments to clarify the corporate tax residency test which is fundamental to determining the Australian income tax liability of any company not incorporated in Australia. This is in accordance with the Board of Taxation’s key recommendation in its 2020 report “Review of Corporate Tax Residency”.

Following the 2016 High Court decision (Bywater Investments Limited & Ors v Commissioner of Taxation and the related matter in Hua Wang Bank Berhad v Commissioner of Taxation [2016] HCA 45; 2016 ATC 20-589) which concerned the residency of a foreign incorporated company, the ATO’s withdrew Taxation Ruling TR 2004/15 (dealing with the residency of foreign incorporated companies) and released TR 2018/5 reflecting its interpretation of the principles established in the Bywater case. There has been an increase in the red tape and costs of doing business for many Australian corporate groups with offshore operations and aspirations. The ATO issued a practical compliance guideline in an endeavour to assist foreign companies and their advisers to apply the new ATO approach (see our Insight of 14 January 2019 for more details).

The Government has proposed technical amendments to the existing legislation to clarify the corporate residency test. The amendments will provide that a foreign incorporated company will be treated as an Australian tax resident if it has a ‘significant economic connection to Australia’. This test will be satisfied where both the company’s core commercial activities are undertaken in Australia and its central management and control is in Australia. This amendment effectively reinstates the corporate tax residency position prior to the 2016 court decision in Bywater and will overturn TR 2018/5.

The measure will have effect from the first income year after the date of Royal Assent of the enabling legislation. However, taxpayers will have the option of applying the new law from 15 March 2017 (being the date on which the ATO withdrew TR 2004/15).

The changes announced in the 2020-21 Federal Budget will be welcomed by many multinational businesses, particularly in light of the rapidly changing operating practices for many Boards and travel restrictions imposed due to the COVID-19 pandemic.

New Fringe Benefits Tax exemptions and concessions

In the days before the Federal Budget, the Government has announced a number of new or enhanced Fringe Benefits Tax (FBT) exemptions that aim to reduce red-tape and/or attract, retrain or retain workers.

With effect from 2 October 2020, there will be a new FBT exemption for employers who provide retraining or re-skilling benefits for their employees whose roles are being made redundant. This is a welcome move as the associated FBT often discourages employers from providing departing employees with re-skilling or retraining opportunities to set them up for their next career.  It may also assist with potential redeployment elsewhere in the existing employer’s business.  There will be limitations however on the scope of the exemption as it will not extend to retraining acquired by way of a salary packaging arrangement or training provided through Commonwealth supported places at universities.

In addition, the Government will consult on potential changes to the current arrangements that apply to deny deductions for new skills development training costs directly incurred by an individual where the training does not relate to their current employment.

From 1 April 2021, the following FBT exemptions that currently apply to small business employers with aggregated turnover of less than $10 million will be extended to those with aggregated turnover of up to $50 million:

  • Car parking: This exemption will typically apply to parking provided on an employer’s premises, i.e. the exemption does not apply in the case of parking provided at a commercial parking station, and it will also not apply to employers that are public companies (including their subsidiaries) or government bodies.
  • Work-related portable electronic devices: Multiple work-related portable electronic devices, such as laptops, tablets and mobile phones, that are provided to employees in the same FBT year (and having substantially identical functions) will all be exempt from FBT. This will be a useful concession for employers to provide their employees with additional portable technology to support a flexible working environment.

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.  This should go some way to easing the FBT compliance burden, but many of the compliance frustrations will remain.

Digital reforms to support business recovery and cut red tape

As part of the Government’s Digital Business Plan announced in the lead up to the Federal Budget, an additional $420 million has been allocated to complete the consolidation of government business registers, originally announced in the 2018-19 Federal Budget. This will see the consolidation of the Australian Business Register and the 31 registers administered by the Australian Securities and Investments Commission "allowing businesses to quickly view, update and maintain their business registry data in one location''. The new register will be administered by the ATO.

The Government has also announced that it will mandate electronic invoicing for all Commonwealth agencies by 1 July 2022.  State and Local Governments are aiming for implementation by June 2022. The Federal Government has committed to paying its suppliers who issue e-invoices via the Peppol framework within 5 days. We also expect Peppol e-invoicing to become mandatory for all business to business transactions in the future with the Government to shortly commence consultation on options for how to best implement the measure. We expect there will be a transition period and phased rollout, similar to how the Government introduced Single Touch Payroll.

More support for apprentices or trainees

From 5 October 2020 to 30 September 2021, businesses who take on a new Australian apprentice or trainee will be eligible for a 50 per cent wage subsidy of up to $7,000 per quarter, regardless of geographic location, occupation, industry or business size. This assistance will support 100,000 new apprentices across Australia, and is in addition to the Supporting Apprentices and Trainees wage subsidy (announced as part of the COVID-19 stimulus package) which is helping small and medium businesses to keep their apprentices and trainees in work and training.

Updating the list of information exchange countries

The Government has announced in this year’s Budget that it will include Dominican Republic, Ecuador, El Salvador, Hong Kong, Jamaica, Kuwait, Morocco, North Macedonia and Serbia into the list of countries whose residents are eligible to access a reduced withholding tax rate of 15 per cent on certain distributions from managed investment trusts (MITs), instead of the default rate of 30 per cent. To be listed, jurisdictions must have established the legal relationship enabling them to share taxpayer information with Australia. The new listed jurisdictions have entered into information sharing agreements since the previous update to the list of eligible countries in 2019. The updated list of countries will be effective from 1 July 2021. These countries are in addition to the 122 jurisdictions on the list of information exchange countries. Kenya will be removed from the list because as of January 2020, it had not yet entered into an information sharing agreement with Australia.

Modernising and expanding Australia’s tax treaty network 

In the Budget Factsheet, there is an indication that the Government will support the recovery from COVID-19 by modernising and expanding our tax treaty network. The Government expects this will help to eliminate double taxation, settle taxing rights between Australia and other countries, attract foreign investment and skilled workers, raise productivity, creating better jobs and supporting higher incomes. This initiative will also prioritise refurbishing Australia’s treaties with key strategic partners where necessary to maximise the benefits for Australia’s economy.

No rate cuts for companies

Although there are tax cuts for individuals in this Federal Budget, there is no such direct tax relief for companies. This means that the current dual rate corporate tax system seems to be here to stay with only those companies that have aggregated turnover of up to $50 million potentially eligible for a tax rate other than 30 per cent.

By way of reminder, the current legislated tax rates that apply to companies that qualify as a "base rate entity" are as shown in this table.

Income Year 

Tax rate applicable to base rate entity (%)





2021-22 and later 


Supporting individuals during the recovery

Supporting individuals during the COVID-19 recovery phase is also high on the Government’s agenda, with the bringing forward of already legislated individual tax cuts as the centrepiece of this Budget.

Individual tax cuts brought forward

The Government has announced that it will bring forward Stage Two of its already legislated personal income tax cuts which will now commence from 1 July 2020 instead of the original start date of 1 July 2022.

Under the already legislated Personal Income Tax Plan, gradual changes to the tax thresholds will occur to eventually remove the 37 per cent tax bracket and apply a 30 per cent tax rate to taxable income between $45,001 and $200,000 by 1 July 2024. The Government estimates that around 95 per cent of Australian taxpayers will face a marginal tax rate of 30 per cent or less in the 2024–25 tax year.

In this Budget for 2020-21, the Federal Government announced additional support to taxpayers by bringing forward the tax cuts in Stage Two of the Personal Income Tax Plan from 1 July 2022 to 1 July 2020. As a result, the top income level to which the 19 per cent tax bracket applies will be increased from $37,000 to $45,000 from 1 July 2020.

The changes will also mean that from 1 July 2020 more individual taxpayers will be subject to a marginal tax rate of no more than 32.5 per cent. The largest benefits of this round of tax cuts will flow to middle income earners, particularly those earning more than $120,000. The Government estimates that more than 11 million taxpayers should benefit from this backdated tax cut.

The Government is hopeful that by bringing forward this round of tax cuts, individuals will have greater confidence and ability to increase their consumption and spending in the immediate short term which should provide an economic stimulus.

Stage Three of the Personal Income Tax Plan remains unchanged and is currently due to commence from 1 July 2024.

The following table summarises the tax rates and thresholds applicable to a resident individual, taking into account the Federal Budget proposals.

Table 1: Income tax rates for Australian tax residents
  Current thresholds from 1 July 2018 Proposed thresholds
from 1 July 2020
(previously from 1 July 2022)

Thresholds from 1 July 2024



Rate (%) Income range ($) Income range ($) Income range ($)

Tax free

0 - 18,200

0 - 18,200

0 - 18,200


18,201 - 37,000

18,201 - 45,000

18,201 - 45,000



45,001 - 200,000


37,001 - 90,000

45,001 - 120,000



90,001 - 180,000

120,001 - 180,000



> 180,000

> 180,000

> 200,000

The Government has also announced that the legislated increase to the Low Income Tax Offset (LITO) from $445 to $700 per year will be brought forward to 1 July 2020 instead of 1 July 2022.

While the Low and Middle Income Tax Offset (LMITO) was due to be removed with commencement of Stage Two of the Personal Income Tax Plan from 1 July 2022, the Government announced that it will continue as a one-off additional benefit during the 2020-21 tax year.

Table 2: Low Income Tax Offset (LITO) for Australian tax residents

Taxable Income ($) 

Amount of the LITO from 1 July 2020 ($)

37,500 or less 


37,501 to 45,000 

700 less 5 per cent of excess over 37,500

45,001 to 66,667 

325 less 1.5 per cent of excess over 45,000

Table 3: Low and Middle Income Tax Offset (LMITO) for Australian tax residents

Taxable Income ($) 

Amount of the LMITO from 1 July 2020 ($)

37,000 or less


37,001 to 48,000

255 plus 7.5 per cent of excess over 37,000

48,001 to 90,000


90,001 to 126,000 

1,080 less 3.0 per cent of excess over 90,000

The necessary legislation to give effect to these income tax cuts was passed rapidly through Federal Parliament after Federal Budget night. This cleared the way for the necessary adjustments to be made to Pay-As-You-Go (PAYG) withholding tax tables for employers to apply from employees’ salary and wages, giving many employees more in their take-home pay as early as 13 October 2020. The back-dating of the tax cuts to 1 July 2020 will however mean that some individuals will only receive the full benefit of the reduced income tax on their earnings to date following lodgment of their 2021 income tax returns after June next year.

Capital Gains Tax removed for granny flats

The Government also announced that it will provide a Capital Gains Tax (CGT) exemption for granny flat arrangements where there is a formal written agreement for a family member to reside on the relevant property (either in the same home or a separate building). 

The exemption will apply to arrangements with older Australians or those with a disability. 

If this measure is legislated before 30 June 2021, it should commence as early as 1 July 2021.

No change to superannuation guarantee percentage

In spite of much debate about whether the current economic conditions are right to support the already legislated increase in the existing minimum rate of superannuation guarantee (SG) of 9.5 per cent to 10 per cent from 1 July 2021, there was no mention in the Budget about any such proposal. It can only be speculated that any changes to the existing SG system including its rate and timeframes for any rate changes, will emerge once the Government releases its response to the findings of the independent Retirement Income Review, commissioned over a year ago, that was to look at the three pillars of the existing retirement income system - the age pension, compulsory superannuation and voluntary savings.

Superannuation reform

The Government has announced that it will implement the following reforms from 1 July 2021 to improve outcomes for superannuation account holders:

  • new online YourSuper tool to compare and select superannuation products
  • existing superannuation accounts will be ‘stapled’ to a member so they keep their superannuation account when changing jobs
  • MySuper products will be subject to an annual performance test. Funds that underperform for two consecutive years will not be permitted to accept new members until their performance improves; and
  • strengthening the obligations of superannuation trustees to ensure their actions are consistent with members’ retirement savings being maximised.

Other measures

Business support grants exempt from income tax

The Government will ensure that Victorian Government business support grants for small and medium businesses will be non-assessable-non-exempt income for income tax purposes. This will extend to all States and Territories on an application basis. Eligibility will be limited to grants announced on or after 13 September 2020 and for payments made between 13 September 2020 and 30 June 2021.

Strengthening Australia’s Foreign Investment Review Framework

The Government will provide an additional $86.3 million funding to the ATO, Treasury and Department of Finance over four years to implement a new platform to support more effective and efficient foreign investment application processing and compliance activities across Government and a new consolidated Register of Foreign Ownership of Australian Assets. The foreign investment fee framework will be simplified and fees will be adjusted from 1 January 2021 to ensure that foreign investors bear the costs of administering the foreign investment system.

Global trade and excise

The Government has announced a range of funding initiatives and measures to support Australia’s trade and export system, including, among other things, measures to:

  • support initiatives to modernise Australia's trade system and streamline border services to reduce administrative complexity and improve efficiency of international trade;
  • assist the recovery of Australian businesses from the impacts of COVID-19 by increasing the share of two-way trade covered by free trade agreements and by expanding regional digital trade;
  • provide for a number of new free trade agreements, including the Comprehensive Strategic Partnership with India;
  • simplify and reorient the Export Market Development Grants Scheme to more effectively support export-ready small and medium enterprises; and
  • reduce the cost impost of fuel excise by lowering excise rates to account for a weaker outlook for the excise indexation factors and freezing the Heavy Vehicle Road User Charge.

The future of tax reform

The economic impact of COVID-19 and the steps taken to support businesses and individuals through the pandemic so far have made the 2020-21 Federal Budget one of the most significant in recent history as it sets out a path for Australia’s economic recovery. 

When it comes to tax measures, the 2020-21 Federal Budget has focussed on a range of short-term and immediate tax measures that should help stimulate consumer demand and provide a confidence boost for business to spend and invest and create opportunities for employment and economic growth. 

The tax cuts and regulatory reforms announced in the Budget will provide much needed monetary and fiscal stimulus and support growth, but our tax system still remains overly reliant on personal and corporate taxes which will slow our return to surplus. 

While we are in the middle of the economic shock that COVID-19 has created, now is not the time for comprehensive tax reform in Australia as it would undoubtedly create unnecessary disruption for businesses still grappling with instability.  It is important, however, that we don’t lose sight of the bigger picture. 

Comprehensive tax reform - including much needed changes to goods and services taxes, payroll taxes and property taxes - will be necessary for long term economic recovery and budget repair once the impacts of COVID-19 on the economy have eased.  Australia should still be planning for a comprehensive tax reform at some stage in the future. 

The tax reform process must be fair and equitable to achieve public support, so it’s important that no taxes or concessions are excluded from any review.

Our series of reports, Australia Rebooted: Where next for Australia’s tax system explores the need for comprehensive tax reform and suggests that GST reform can help reboot prosperity in Australia.

You can hear more on tax measures to stimulate the economy from PwC Partner Paul Abbey in Episode 5 of PwC Australia's Federal Budget podcast.

Contact us

Pete Calleja

Managing Partner, Financial Advisory, PwC Australia

Tel: +61 2 8266 8837

Chris Morris

Tax Business Leader, PwC Australia

Tel: +61 2 8266 3040

Martina Crowley

PwC | Private | National Leader, PwC Australia

Tel: +61 3 8603 1450

Jason Habak

PwC | Private | Partner - Tax, PwC Australia

Tel: +61 2 8266 2960

Lynda Brumm

Principal, PwC Australia

Tel: +61 7 3257 5471