<p><strong>COVID-19</strong></p><ul><li>$1.9 billion to continue the COVID-19 vaccine distribution, with total investment in the vaccine rollout to $6 billion</li><li>$879 million to continue the health response to the COVID-19 pandemic </li><li>$845 million to expand quarantine services; support the National Partnership on the COVID-19 response; and expand the National Incident Centre and National Medical Stockpile</li><li>Commitment to develop an onshore mRNA vaccine manufacturing capability in Australia</li></ul><p><strong>Digital Health</strong></p><ul><li>Building on the success of the temporary MBS telehealth item numbers introduced as part of the COVID-19 response, an additional $204.6 million will extend these items until the end of 2021</li><li>$421.6 million for My Health Record that will enable consumers greater control over their digital health record, allowing them to share their health information with multiple care providers</li><li>$50.7 million to invest in new ICT infrastructure to support MyGP, a voluntary patient enrolment platform that aims to improve continuity of primary care</li></ul><p><strong>Mental Health</strong></p><ul><li>$2.3 billion of additional funding over four years for mental health and suicide prevention</li></ul><p><strong>Women’s Health</strong></p><ul><li>$351.6 million over five years to support screening and support for breast and gynecological cancers, pelvic pain and endometriosis, and stillbirth and pregnancy loss</li></ul><p><strong>Disability</strong></p><ul><li>An additional $13.2 billion dollars to fully fund the NDIS over four years (included in an overall growth in funding of $122 billion)</li></ul><p><strong>Aged Care</strong> </p><ul><li>Record $17.7 billion in new funding over five years for aged care, with $119 billion over the next four years</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-health-human-services-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>The Australian economy is recovering fast, and the strength of that recovery is spilling over to good news on the Budget front too.</li><li>Relative to the official forecasts released six months ago, the faster-than-predicted economic recovery has tipped $104 billion back into Treasury's pockets between now and 2024-25.</li><li>Most of that windfall has been spent, with new policies - including an extra year of the Low and Middle Income Earners Tax offset (LMITO), but dominated by new spending on aged care and other social programs - handing $96 billion back to families and businesses.</li><li>These new policies reflect political realities, including the potential for an election to be held before next year's Budget is brought down. Yet they also reflect the consensus view of economists that the economy can run hotter than it has been allowed to do in times past, with an unemployment rate sustainably below 5%.</li><li>With COVID numbers very low, families are out and about, and their spending has underpinned a remarkable rebound in jobs. And at the same time prices for many of Australia's key exports to world markets are riding high - especially iron ore.</li><li>So there's better news on expected tax collections, notably including corporate and personal taxes. And there's savings on spending too. The upshot is that the underlying cash deficit is forecast at $161 billion in 2020-21, $37 billion better than forecast in the December 2020 Mid-Year Economic and Fiscal Outlook (MYEFO).</li><li>And although debt is much higher than it was pre-COVID, it is what that debt costs that's much more important: Treasury forecasts net interest payments in every year through to 2024-25 at 0.7% of national income. Strikingly, that's less than the 0.8% of national income that we paid in 2018-19. That says the defence of Australian lives and livelihoods has been much cheaper than most realise.</li><li>Yet the economic costs will linger: Treasury continues to project both population and national income to permanently fall short of their pre-COVID expectations. And the bill for the new spending contributes to a deficit still seen by official forecasters at $57 billion in 2024-25.</li><li>At some stage, that lingering deficit should be addressed. A healthier budget is an asset we should aim for.&nbsp;But we may not hear much about that until after the next election.</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-economic-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>The Low and Middle Income Tax offset (LMITO) is extended for a further one year period, broadly providing certain middle income earners with a second year of “super-charged” tax rate cuts. Tranche 3 of the personal income tax plan remains unchanged and commences in 2024-25 as legislated.</li><li>The Government is removing the exclusion of the first $250 of deductions for prescribed courses of self-education.</li><li>The individual tax residency rules will be simplified and modernised.</li><li>The Government is removing the cessation of employment taxing point for tax-deferred Employee Share Schemes (ESS). This will apply to ESS interests issued on or after 1 July following Royal Assent. The Government is also making regulatory improvements by removing red tape.</li><li>The immigration measures announced in the Federal Budget 2021-22 are designed to provide flexibility to businesses who are unable to access labour in key sectors as result of COVID-19 and Australia’s international border closures. The Government is also focusing on economic recovery and attracting highly skilled individuals to Australia in future focused growth sectors.</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-indivduals-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>Legislative amendment to enable taxpayers to self-assess effective life of certain intangible assets</li><li>Temporary full expensing and temporary loss carry-back measures from Budget 2020-21 extended for a further 12 months</li><li>Small business entities (including individuals carrying on a business) with aggregated turnover of less than $10 million per year can apply to the AAT to pause or modify ATO debt recovery actions</li><li>Construction commencement requirement under the Homebuilder program extended from six months to eighteen months for all applications (i.e. for all contracts signed from 4 June 2020 through to 31 March 2021 inclusive)</li><li>Finalisation of a framework for corporate collective investment vehicle offering flow-through tax treatment for investors and establishment of a new ATO early engagement process to encourage and support new business investment in Australia</li><li>Eligible distillers, brewers and manufacturers of other fermented beverages such as non-traditional cider (alcohol manufacturers) will receive a 100% remission of the excise payable on their products, up to an annual cap of $350,000, from 1 July 2021</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-business-taxes-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>Self-managed Super Funds (SMSF) – residency rules to be relaxed allowing SMSF members to contribute to their funds while living overseas. Central management and control absence rules to increase to five years</li><li>SMSF members with legacy retirement products will be able to exit these products under a two-year amnesty. Members will have access to the underlying capital and associated reserves to either retain in accumulation phase or commence a more modern retirement product</li><li>Work test repealed for voluntary contributions to superannuation including non-concessional contributions and salary sacrifice contributions but not personal deductible contributions</li><li>Eligibility age for downsizer contribution reduced to 60 years of age</li><li>Maximum releasable amount for First Home Super Saver Scheme increased to $50,000</li><li>Removal of the current $450 per month minimum income threshold</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-superannuation-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>Patent box regime with a corporate rate of 17% for income derived from medical and biotechnology patents from 1 July 2022. Consultation to occur, including on possible extension to the clean energy sector</li><li>Digital gaming tax offset of 30% from 1 July 2022 with a minimum spend of $500,000. Games with gambling elements, or that cannot obtain a classification rating, will not be eligible</li><li>Investment of $124.1 million in a National Artificial Intelligence Centre and the appointment of four regional centres across Australia</li><li>Increased spending on digitising small and medium sized businesses including e-invoicing</li><li>Additional funding for aviation related emerging technologies, data management, and cyber security</li><li>Review of existing venture capital tax concession programs to assess whether they support genuine early stage Australian start-ups</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-innovation-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>An additional $1.7 billion dollars allocated to child care, with subsidies increasing for families with two or more children (benefiting an estimated 250,000 families) and removing the cap on the child care subsidy (benefiting as estimated 18,000 families)</li><li>The potential for longer term funding certainty for the preschool sector, provided parameters for increasing participation and school readiness can be agreed with states and territories</li><li>Additional schooling funding for the Literacy and Numeracy Test for Initial Teacher Education Students and extensions of current data collection exercises</li><li>An additional $53.6 million package to support non-university higher education providers (NUHEPS), vocational education and training (VET) colleges and English Language providers who have been heavily impacted by the decline in the international education sector</li><li>An extension of the JobTrainer Fund until the end of 2022, which will fund an additional 163,000 places in vocational education and training for school leavers, youth and unemployed Australians</li><li>$2.7 billion will be invested over four years to expand the Boosting Apprenticeships Commencements wage subsidy, which will support more than 170,000 apprentices and trainees</li><li>Continuing a major investment in VET system architecture, 15 industry-led skills advisory bodies will be established, and access to foundation skills will be broadened</li><li>More than $100 million of the $1.2 billion Digital Economy Strategy will focus on the digital skills of Australia’s workforce, including a cyber security innovation fund, and a pilot program for work-based digital cadetships.</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-education-training-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>Driving national productivity a key budget focus</li><li>Budget doubles down on ongoing programs of road &amp; rail upgrades</li><li>$2 billion commitment to intermodal freight terminal in Melbourne to complement inland rail</li><li>Additional $28.6 million committed to the National Freight &amp; Supply Chain Strategy</li><li>$160 million commitment to establish the National Water Grid Connections</li><li>$58.6 million package for east coast gas projects announced to avoid supply shortfalls</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/deloitte-au-tax-federal-budget-japanese-version-infrastrucuture-2021-22-130521.pdf" target="_blank">詳細はこちら(日本語版)</a></p>

<ul><li>The Women’s Budget Statement returns, targeting women’s safety, health and wellbeing and economic security with $3.4 billion in spending</li><li>Intended “to <em>cut the cost of living </em>and <em>help boost workforce participation”, </em>a $1.7 billion investment in child care sees the subsidy rate increase for families with more than one child in care</li><li>The reforms are expected to support around 40,000 caregivers to work an extra day per week – the majority of which are women</li><li>The Government will provide an 18% guarantee on the purchase price of homes for 10,000 single parents over 2021-22 to 2024-25, allowing them to purchase a home with a 2% deposit</li><li>Removing the $450 a month threshold to pay compulsory super is expected to increase the retirement incomes of thousands of part-time workers. Women account for 68% of Australia’s part-time workers. This superannuation change will therefore be of particular benefit to female part-time workers</li><li>The Government will spend an additional $351.6 million on women’s health over 2021-22 to 2024-25, including in relation to cervical and breast cancer, maternal, sexual and reproductive health, and eating disorders</li><li>$1.1 billion in new funding goes to improving women’s safety both at home and in the workplace, including more than $940 million to domestic and family violence support and prevention</li><li>$95.9 in funding is going towards supporting women’s careers at all stages, from education and training to returning to the workforce after a career break.</li></ul><p><a href="/content/dam/Deloitte/au/Documents/federal-budget/federal-budget/deloitte-au-tax-federal-budget-japanese-version-gender%20lens-2021-22-1305211.pdf" target="_blank">詳細はこちら(日本語版)</a></p>