The Federal government this week handed down its latest budget, hinting at a troubled global outlook and hedging Australia’s position, and hospitality has given the strategies a thumbs-down. A core focus of the budget was the forecast for inflation, which has fallen to less than half of the 7.8 per cent peak of late 2022, […]
BUDGET BLUES AS TREASURY LOOKS TO SOFTEN THE REBOUND Read More »
The Albanese government and Treasurer Jim Chalmers have handed down the Budget for 2023, bringing economic prudence in the wake of the pandemic, and positives for employment and hospitality. The government expects economic growth to slow from 3.25 per cent this financial year to 1.5 per cent next year, while inflation is also expected to
The Federal Government has issued its much-anticipated budget for the coming year, and critics are saying it is tainted with pre-election flavour, with only modest gains for small business and hospitality. It appears Prime Minister Scott Morrison will be staying on the cans, as one promise that did not come was the hotel industry’s push
The Federal Government has handed down the budget for 2021-22, bringing mixed results for the hotels and tourism sectors in a plan squarely aimed at Australia’s economic recovery. The latest and third budget from Treasurer Josh Frydenberg outlines record funding and big spending plans, primarily toward creating jobs and keeping unemployment low. Measures streamlining visa
Treasurer Josh Frydenberg handed down the Federal Budget Tuesday night, bringing favourable measures for hotels and hospitality and a nod from industry. Frydenberg had promised the policy announcement would be “all about jobs” and employment stimulus dominated the measures outlined. “There is no economic recovery without a jobs recovery,” said the Treasurer. The hospitality sector
By David Ward – Australian Brewery, Rouse Hill The Federal Budget released on 8 May has flagged a change in the tax rate for beer in kegs smaller than 48 litres. All kegs above eight litres will now be taxed at the same lower rate. At the Australian Brewery we believe any kind
BUDGET TAX RELIEF FOR BREWERS: WHAT IT WILL MEAN FOR BEER Read More »
Amid the ubiquitous media coverage of the latest Federal Budget revelations, the ‘Small Business Package’ contained has been recognised as a positive step for tourism and hospitality. Applying to businesses with annual turnover of less than $2 million, the tax cuts and other concessions are tipped to promote growth opportunities that will result in new
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