Budget 2009-10

Business Plus+ 2009/10 Budget Special
By June 6, 2009

The 2009/10 Federal Budget special edition of our Business Plus+ newsletter is now available for download. Inside this issue: – Federal Budget 2009 Issues for SMEs – Key 2009 Federal Budget Outcomes – Key Numbers at a Glance – Budget Initiatives Appealing to SMEs – Superannuation – Possible Benefits to SMEs – ...

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Budget 2009-10: Assistance for Self-Funded Retirees
By May 21, 2009

From 1 July 2009, the Government will halve the minimum amounts self-funded retirees have to draw down from their account-based pensions for 2009-10. This extends the drawdown relief provided by the Government for 2008-09, recognising the impact of the global recession This change will assist pension account balances to recover ...

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Budget 2009-10: Training Supplement for Newstart Recipients
By May 18, 2009

The  Government will introduce a temporary Training Supplement for Newstart and Parenting Payment recipients to encourage those Australians vulnerable to long term unemployment to undertake training. The Training Supplement of $41.60 per fortnight will be available to people receiving Newstart and Parenting Payment. The Training Supplement will be available to ...

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Budget 2009-10: Pension Age Going Up
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As part of the Government’s Secure and Sustainable Pension Reform, in 2017 the qualifying age for the Age Pension will gradually increase from 65 to 67 by 2023. As Australians are healthier and living longer, the qualifying age for Age Pension for men and women will be increased by six ...

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Budget 2009-10: Simpler rules for separated families
By May 15, 2009

Most Budget reporting tends to focus on the money side of things (tax rates, bonus payments). The Budget is also a time when various initiatives, programs and other administrative changes are introduced or altered in some way. For instance, rules about the care of children of separated parents will be more consistent following ...

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The Budget and Your Business
By May 14, 2009

The release of the 2009-10 Federal Budget Tueday night revealed funding for new and existing products and services to assist businesses. Some of the initiatives included in this year’s budget are listed below. New programs and initiatives – A Small Business Support Line will be established to help businesses manage better ...

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I was excited about the Small Business and General Business Tax Break when it was at 30% so I’m thrilled it’s been increased and extended until the end of the year. Small businesses will now be able to claim a bonus tax deduction of 50 per cent – up from the ...

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