Byfields Newsletter Federal Budget 2020

On Tuesday 6 October 2020, the Federal Government handed down its Budget for the 2020–21 financial year. With the economic impacts of Coronavirus pushing Australia into recession for the first time in nearly three decades, the Federal Government have announced significant stimulus measures to promote economic growth and recovery.

According to the Treasurer, this year’s Budget measures aim to create job opportunities and help Australians get back on track. The Treasurer claims that these measures will get the economy growing again by 2021.

Here are some of the announced Budget changes that could affect you. However, it’s important to remember that these are only proposals at this stage, and each proposal will only become law once it’s passed by Parliament.

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Byfields Federal Budget 2020 Newsletter

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