Small Business snapshot – Budget 2021

The 2021-22 Budget , delivered on 12 May, aims to support Australia’s economic recovery. Key budget measures that support small business include:

  • $129.8 million to encourage entrepreneurship through the New Enterprise Incentive Scheme (NEIS) and Entrepreneurship Facilitators Program
  • $1.2 billion investment in the digital economy
  • $506 million extension of federal government’s JobTrainer program
  • $10 million over four years on small business deregulation agenda
  • $11 million over three years for national recognition of occupation licences
  • Tax system reform for small business
  • Small business company tax rate cut
  • $4.3 million to establish the Mandatory Franchise Disclosure Registry
  • $2.6 million to improve access and awareness of Commonwealth procurement opportunities
  • Building on the $1.5bn Modern Manufacturing Strategy

For a Budget Snap shot from the Australian Small Business and Family Enterprise Ombudsman visit Snapshot

For more detail, click here.

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