Accounting, Taxation and Management consulting services, Melbourne.

In the Budget, the Government did not announce any personal tax rates changes, having already brought forward the Stage 2 tax rates to 1 July 2020 in the October 2020 Budget. The Stage 3 tax changes will commence from 1 July 2024, as previously legislated.

The key measure announced is the “Jobs Plan” consisting of $619m to enhance services to help people find jobs and to fund wage subsidies to get people back to work, particularly women aged over 45. Payroll tax concessions will also be expanded and small to medium businesses will be eligible for a tax credit for hiring and rehiring workers.

The key measure announced is the “Jobs Plan” consisting of $619m to enhance services to help people find jobs and to fund wage subsidies to get people back to work, particularly women aged over 45. Payroll tax concessions will also be expanded and small to medium businesses will be eligible for a tax credit for hiring and rehiring workers.