Synectic budget 2020 update

Federal Budget 2020-21 update

Released at 7:30pm on 6 October 2020, the Federal Budget 2020-21 was delayed as a result of Australia’s – indeed the world’s – attention being diverted to managing the COVID-19 pandemic.

As a result, the Budget is all about stimulus an support.

Our Federal Budget 2020-21 Update newsletter covers the announcements that will be important to you, including:

  • Economic and fiscal outlook
  • What’s new for Tasmania
  • Tax cuts
  • Granny flat support
  • Small business tax concessions
  • Offsetting tax losses
  • Apprentices and trainees
  • FBT exemptions
  • JobMaker hiring credit
  • First home buyers scheme
  • Superannuation
  • Social security one-off payments
  • Aged care support

Read our Federal Budget Update here, to find out what it means for you.