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Federal Budget Outcomes for Business

Federal Budget: Cause for optimism with delivery challenges - 8 May 2018, 8pm

TRANSCRIPT: Post Federal Budget Doorstop, Parliament House, Innes Willox - 8 May 2018 


Tax changes for business: company tax reduction
Tax changes for business: R&D tax concessions (-$2.4bn)
Tax changes for business: extension of immediate tax deductibility for assets (+$550mn)
Tax changes for individual taxpayers (PAYE): personal income tax rate and thresholds (+$13.4bn)
Tax changes for individual taxpayers (PAYE): Medicare levy (+$13bn)
Other changes to government taxes, fees and charges
Measures to support employment, skills, education and training
Measures to support industry, science and innovation
Limited new measures for energy markets
No new measures for defence industries
Permanent immigration program maintained at 190,000 people
New infrastructure announcements: heavy focus on roads and rail
Economic forecasts: looking better but big risks remain
Budget balance and debt: company tax doing the heavy lifting

In The Media

This will be updated throughout the night.  Please check back regularly.

ABC News Breakfast - Willox transcript: "This is really a high-vis vest budget"

ABC News Radio AM: Budget 'realistic and responsible' - Innes Willox

Sky News: Budget meets most of our objectives - Ai Group

Ten Eyewitness News: Ai Group Chief Executive, Innes Willox, reacts to Budget 2018

CNBC Pre-Budget: How Australia's Budget could be 'very successful' - Ai Group

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Submissions & Pre-Budget Comment

Pre-Budget Survey: company tax relief, infrastructure and workforce upskilling are the top business priorities – 23 April, 2018

Ai Group Survey: Business priorities for the 2018-19 Federal Budget – 23 April, 2018

Ai Group releases pre-budget submission outlining business priorities – 27 February, 2018

Full Ai Group 2018-19 Federal Budget Submission – 27 February, 2018

Business optimism builds for 2018 to be a defining year for the Australian economy: Ai Group CEO Report – 24 Jan, 2018