Be Bendigo CEO Shares Post-Budget Thoughts

May 16, 2024 10:49 am in by
Credit: Tracey Nearmy via Getty Images.

A lack of new taxes for businesses in the federal budget acknowledges that local companies are doing it tough, that’s according to Be Bendigo’s CEO.

Key announcements for small and local businesses include:

  • The extension of the $20,000 instant asset write-off for depreciating assets until 30 June 2025
  • A $325 energy bill relief rebate for eligible small businesses
  • The removal of 457 nuisance tariffs on a range of imported goods from July 1 to help reduce compliance costs
  • Investment into 20,000 free TAFE places in courses relevant to the construction sector, in addition to the 300,000 fee-free TAFE places in areas of priority skills
  • Extension of the Small Business Debt Helpline and a free and confidential financial counselling service for small business owners
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Rob Herbert sits down with in-house Journalist, Tayla Oates to talk about what’s in this year’s budget for Bendigo businesses!

For more information on the Budget’s small business measures, view the Government’s Small Business Budget Statement factsheet.