2017 BUDGET NEWSLETTER
Welcome to Bongiorno & Partners’ 2017 Budget newsletter.
This year sees the Federal Government investing record funding into public hospitals. There are also changes to GP bulk-billing incentives, an increase in PBS and Healthy Heart funding, continuation of mental health support, and new funding for medical research.
Personal income tax rates will not change however the 2% Temporary Budget Repair Levy will end on 30 June 2017. The Medicare levy will increase from 1 July 2019, and the $20,000 instant asset write-off for small businesses has been extended until 2018. The incoming higher education reforms, changes to property taxes, and announcements regarding superannuation are also worth noting.
Thank you for taking the time to read through this newsletter. We know it’s a lot of information to digest! If you have any questions at all, please contact the Bongiorno team.