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Home Policy and Representation Media Centre Budget 2012

Budget 2012

Ai Group 2011 Federal Budget Coverage

Ai Group 2012 Federal Budget Coverage

Tough Changes Deliver Budget Surplus
Ai Group's overall assessment of the Budget

While positive in its own right, the Government's promise to deliver a surplus in 2012-13 will come at a considerable cost to business. The Government is putting an emphasis on boosting consumption by households in the short-term but a number of measures, and in particular the abandonment of the commitment to cut the company tax rate, will undermine businesses' ability to boost productivity and growth over the longer term.

In line with arguments put by Ai Group, the Budget contains a number of positives including in the areas of skills, education and training, in the commitment to a higher permanent immigration intake of 190,000, and initiatives to boost skills excellence and manufacturing innovation.

Ai Group will continue to emphasise the importance of investment and productivity particularly in the context of the pressures from the high dollar that are confronting many of our members. On the business tax front, we will seek to build bi-partisan support for sensible and long-lasting reform.

Read the full report online or download the full 2012 Federal Budget assessment report

 

Media Coverage

Business Pays For Back To Black Budget - Ai Group Media Release
"While the budgeted surplus for 2012-13 is welcome and will have important national benefits, there are considerable risks in the way it has been achieved. In particular, the additional taxes and costs imposed on industry will undermine the ability of business to make the critical longer-term investments needed to boost productivity, improve our global competitiveness and lift employment," said Ai Group Chief Executive, Mr Innes Willox.
Tuesday 08 May 2012

 

Commentary and analysis on the 2012 Budget - Audio Transcript - ABC Radio National PM Program
Mr Innes Willox, Ai Group Chief Executive, joins Mark Colvin on ABC's Radio National PM program to discuss the 2012 Federal Budget.
Tuesday 08 May 2012

 

Budget 2012 Panel Audio Transcript - ABC Radio National Breakfast Program
Ai Group Chief Executive, Mr Innes Willox, joins Maree O'Halloran (Director, National Welfare Rights Network) and Chris Richardson (Director, Deloitte Access Economics) on ABC's Radio National Breakfast program to help drill deeper into Budget 2012 and what it means for businesses.
Wednesday 09 May 2012

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Tony Melville
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Candice Mayer
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