Budget 2009: Key budget measures at a glance
Tuesday, May 12, 2009/
- Increase of the small business tax break to 50% on eligible assets purchased before the end of 2009 for businesses with turnover of less than $2 million.
- $22 billion for transport, energy, communications, education and health infrastructure, including $8.5 billion for road, rail and ports.
- $3.1 billion in innovation spending over the next five years, including a new $1.4 billion R&D tax credit that starts in 2010-11.
- A paid parental leave scheme that starts in 2010-11.
- A reduction of the level that workers can make annual contributions to superannuation at a concessional tax rate. This will fall from $50,000 to $25,000.
- The enlarged first home buyer grant to be extended until 30 September, when it will reduce to $10,500 for established homes and $14,000 for new homes.
- Extension of the Do Not Call Register to cover businesses, fax users and emergency service providers.
- An increase of $30 a week in the pension. The qualifying age will be increased from 65 to 67 gradually, beginning in 2017.
- Budget 2009: Small business tax break boosted from 30% to 50%
- Budget 2009: Exporters get extra funding
- Budget 2009: Do Not Call register expanded
- Budget 2009: $22 billion for infrastructure in budget
- Budget 2009: First home owner grant extended for three months
- Budget 2009: High and middle-income earners hit by changes to private health insurance, super
- Budget 2009: Innovation spending boost, but new R&D tax breaks delayed
- Budget 2009: Funds for textile, clothing and footwear sector
Be honest about your situation: How vulnerability helps businesses thrive Sue Parker DARE Group founder
Own it: The 10 things you need to do to manage your personal brand Lisa Stephenson Who Am I Projects founder
Six invaluable lessons: What 20 years in aged care taught me about being an entrepreneur Natasha Chadwick NewDirection Care founder
An entrepreneurial superpower: Eight tips to help develop resilience Adala Bolto ZADI Training co-founder
Going through a lull? Five areas you should invest in when sales drop Tamara Alaveras and Sonia Majkic 3 Phase Marketing co-founders
Stop telling us how busy you are, it's boring and charmless Ian Whitworth Scene Change co-founder
Blandification™ and the state of modern branding Jeffrey Oley The Offices co-founder
Why you should find the right role for the right person — not the other way around Bruce Stronge Outfit founder