The economic, financial, physical, mental and emotional issues that have arisen due to the COVID-19 pandemic—which immediately followed the devastating bushfires and drought—have undoubtedly been felt by many of us. Importantly, during this difficult time, the Government has provided, and continues to provide, much-needed support to many Australian individuals, households and businesses. The Government’s recently delivered 2020-21 Federal Budget is no exception and aims to extend upon this support. The Budget priorities, and resulting announced proposed measures, contained in the Government’s ‘COVID-19 Economic Recovery Plan’, focus on rebuilding our economy, creating jobs and securing Australia’s future.
Below is an article covering the main proposed measures that may be relevant to you and your personal finances, plus two videos that may be of interest if you want to know more.
Please contact us if you wish to discuss any aspect of this year’s Budget or how it may affect you
Treasurer Josh Frydenberg delivered the 2020-21 Federal Budget on 6 October 2020. We provide you with an overview of the main proposed measures that may be relevant to you and your personal finances.