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Federal Budget 2016

Federal Budget 2016

Keen to get an idea of what the 2016 Federal Budget means for you? Here we cover off what it revealed for superannuation, families, businesses and the broader economy.

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Tax cuts for businesses and support for innovation were some of the key highlights of the Treasurer’s Federal Budget speech, with many initiatives announced last year being extended. 

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A suite of changes to superannuation set to impact high income earners but raise $2.8bn in revenue has formed a key part of the 2016 Federal Budget.

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Tax threshold changes, additional education and health funding and youth job training from the Federal Government’s Budget 2016 are set to lend support to families.

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More jobs, more growth - those were some of the key themes of this year’s Federal Budget as the nation continues the transition away from the mining boom into a more diverse economy.

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It's all about water - that's the message for agribusiness from this year's Federal Budget.

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Highlights from last year's Federal Budget 2015

Small businesses, jobs and families were front and centre in the 2015 Budget, which focused on plans to restore confidence in the economy.

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Australia’s 2.1 million small businesses received a boost from the 2015 Federal Budget with tax cuts and immediate deductions available on asset purchases.

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See what Commbank's economists said about the 2015 Budget and what it meant for the economy.

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Things you should know:
As the advice on this page has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Terms and conditions are available here and should be considered before making any decision.

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