Federal Budget 2017-18

Analysis

Federal Budget 2017-18

Getting our house in order?

The 2017-18 Federal Budget theme is based on principles of fairness, security and opportunity. The Government’s intention was for this to be a “practical” budget, very much centred on issues affecting ordinary Australians.

Leading Deloitte economist Chris Richardson gives us his insights on the 2017-18 Federal Budget

Deloitte Federal Budget 2017-18 analysis

The Federal Treasurer, Mr Scott Morrison, handed down his second Federal Budget at 7.30 pm (AEST) on Tuesday 9 May 2017. 

The key themes included:

  • A continued emphasis on jobs and growth
  • Housing affordability
  • Investment in infrastructure
  • Growth in the regions
  • Getting a further contribution from our major banks.


Key tax measures included:

  • A major bank levy from 1 July 2017
  • A commitment to extend the company tax cuts to cover all companies
  • An extension of the instant asset write-off to 30 June 2018 for small business
  • Strengthening of the multinational anti-avoidance law from 1 January 2016
  • A suite of measures through the tax and superannuation system to relieve pressure on housing affordability
  • An increase to the Medicare Levy by 0.5% to 2.5% from 1 July 2019.


Download a copy of our Federal Budget 2017-18 analysis report to find out more about the key themes covered this year.

Our team will continue analysing the details of the Budget and we’ll be releasing a series of Tax Insights into what the big changes mean for business. Stay tuned via this page, and:

The key themes from this year’s Federal Budget brief

We went Live on Facebook with Chris Richardson.

Watch his post-Budget announcement insights.

Perspectives from Deloitte's D.blog

Will the Government get our house in order in the Budget?

The reality is first home buyer issues cannot be “miraculously fixed” by the Federal Government.
By Peta McFarlane, David Watkins, and Roisin Arkwright, 2 May 2017

Will innovation and science play a role in the Federal Budget?

Although we can expect housing affordability to be front and centre in the 2017-18 Federal Budget, it is possible the Prime Minister’s preoccupation with innovation may play second fiddle.
By Serg Duchini, 24 March 2017

The alternative Budget: Labor tax policies

What would an alternative Labor Budget hold in store? It is worthwhile taking stock of the tax-related announcements and statements that have been made by Labor.
24 May 2017

Explore the Federal Budget related blog posts.

Perspectives from tax@hand

Foreign investment: Winners and losers in the 2017-18 Budget

This year's budget has a strong emphasis on infrastructure (including funding for major rail projects) and reducing the cash economy. As anticipated, there also is a strong focus on promoting housing affordability and assisting first home buyers enter the property market.
By Luke Imbriano, Heidi Armin-Grimm, James Fabijancic, 10 May 2017
 

Absence of proof is not proof of absence

The 2016 Review of the R&D tax incentive was released for public consultation on 28 September 2016 by the then Minister for Industry, Innovation and Science, the Hon. Greg Hunt, with no sign as yet of any response from the government.
By Serg Duchini, 11 May 2017

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