All All Industry Insights Industry News Media Release Member Only Articles NRA Events NRA Legal NRA Partners NRA Projects NRA Training and Development Policy & Advocacy Policy Updates Technology Tenancy & Leasing Testimonials Thought Leaders Weekly CEO Update WHS Update

2016-2017 Federal Budget in depth

May 04, 2016

Last Tuesday the Federal Government handed down the 2016-2017 budget.

With a strong focus on the future and providing help for small and medium enterprises, the government has committed to reducing the company tax rate over the next decade.

The small business threshold will be raised from $2 million to $10 million turnover and increasing the 32.5% personal income tax rate to $87,000 from $80,000 assisting businesses and households.

An additional $88.6 million has been allocated to support job seekers who wish to start their own business, as well as broadening access to self-employment training and mentoring for job seekers to include those not on income support, allowing more Australians to be their own boss.

For more details on what the budget means for your business click here to read the Budget in Depth.

To see how The National Retail Association is advocating for the retail industry click here.

NRA Media

  • National Retail Association strengthens support for members on leasing and tenancy
    June 01, 2021

    We are pleased to have strengthened our partnership with Lpc Cresa, a leading advisor to retail tenants across Australia and New Zealand, to assist our…

    Read More
    September 03, 2018

    To download the nomination form, click here

    Read More
  • Closing Loopholes Bill No. 2 passes Parliament 
    February 20, 2024

    Earlier this month, it was confirmed that both Houses of Parliament passed the second tranche of amendments to the Fair Work Act 2009 (Cth) under…

    Read More
  • Jump start your business for 2021 and step ahead of the competition
    November 20, 2020

    2020 has undoubtedly been one of the most challenging years for all of us. It has created unprecedented trends in every industry, and shown retailers…

    Read More
  • NRA members winners in new partnership with Aussie Broadband
    November 16, 2020

    You must be logged in to view this content.

    Read More

What our clients say

Want to chat?
Contact our team today!