2022 Federal Budget

The 2022 Federal Budget was recently handed down.

In this special edition of our Client Newsletter, we have summarised some of the main measures that may impact both business and individual clients, including:

•    20% additional deduction for skills training and digital adoption
•    The extension of various apprentice wages subsidies
•    An increased income tax offset of up to $1500 for low and middle income earners
•    $250 cost of living payment for various welfare recipients
•    Further relief for first home buyers
•    50% reduction in fuel excise.

Read the PDF below:

Wallace Partners Budget Newsletter March 2022