On Tuesday, 6th October, Federal Treasurer Josh Frydenberg handed down the 2020/21 Federal Budget, outlining a further $98 billion in financial economic support, however acknowledging a $200 billion deficit – the biggest since World War II. Under the Federal Government’s economic recovery plan, Treasury highlighted its focus on delivering rapid action to help “build the Australian economy again and for the future”, ensuring economic growth opportunities for individual Australians & businesses, and support for industries heavily impacted by the global COVID-19 pandemic. The 2020/21 Budget outlined the Government’s provision to introduce expedited tax relief and benefits to individual tax payers, heightened concessions for small … Continue reading Federal Budget 2020/21 – Overview & Understanding the Federal Government’s Economic Recovery Plan