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The 2026-27 Federal Budget introduced a range of measures aimed at boosting business investment, productivity and economic resilience.
Key initiatives include:
- A $14.8 billion fuel resilience package, including a $10 billion Australian Fuel Security Reserve.
- $1 billion in interest-free loans through the National Reconstruction Fund to strengthen supply chains.
- Reforms aimed at cutting regulatory costs by $10.2 billion annually, potentially saving small businesses 376,000 hours a year at tax time.
- A permanent instant asset write-off for small businesses with an annual turnover under $10 million and simplified tax instalments.
- A permanent two-year loss carry-back provisions for companies with turnover up to $1 billion.
- Loss refundability for start-ups to support early-stage growth and investment.
- Removal of almost 600 tariffs to reduce trade barriers, plus expansion of the Trusted Trader program to help small businesses export more efficiently.
#accountant #federalbudget #business
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