The Federal Budget has been delivered and has focused on continuing to stimulate the economy out of the COVID-19 induced recession. The Government has emphasised spending in order to bolster economic recovery.
As with all Budgets, these are announcements only and have not been legislated. The details are still to be worked through, and both Houses of Parliament need to pass legislation before the announcements take effect.
The key personal, superannuation and business-related tax highlights of last night’s Budget are summarised below:
The StewartBrown December 2020 Aged Care Financial Performance Survey incorporates detailed financial and supporting data from 1,200 aged care homes (97,056 beds/places) and 45,553 home care packages across Australia. The quarterly survey is the largest benchmark in the aged care sector and provides invaluable insight into the trends and drivers of financial performance at the sector level and at the aged care home or programme level.
