You are here

Budget 2015 Analysis

As the dust settles on the 2015 Federal Budget, much of the focus has been on the opportunities it provides for small business tax deductions.

But the larger enterprises can also take heart from several Budget announcements, which have been generally widely welcomed by business representative groups.

Experts have also forecast positive economic flow on effects for large corporations and enterprises from the package of small business tax measures.

The Business Council of Australia says the Budget creates a better environment for business confidence overall and will help to drive investment, job creation and economic growth.

Meanwhile, the Australian Chamber of Commerce and Industry says the forecast reduction in the size of government as a share of the total economy recognises the role the private sector plays in creating sustainable growth.

The Australian Information Industry Association generally welcomed the Budget as a good result for the digital technology industry.

Specific Budget measures that may assist Australian enterprises included:

  • A $5 billion development package aimed at increasing private sector investment in infrastructure in northern Australia
  • A $255 million investment in a digital transformation agenda to change the way public services are designed and delivered to make them easier to use
  • An extension of the GST base to include a wider range of online digital products and create a more level playing field for Australian companies
  • A renewed emphasis on the skilled component of Australia’s immigration program for 2015-16
  • Improvements in the availability of childcare and better incentives for employers to hire new employees
  • $25 million to help  Australian businesses capitalise on opportunities created by free trade agreements with China, Japan and South Korea

For further information, visit the government's budget website

Related resources

Related articles

Close

Keep up to date with our latest developments

Gain insight from a dedicated team of 100+ technology specialists and benefit from their  wealth of experience and talent for innovation.