This year’s highly anticipated Budget sets in motion key aspects of the economic recovery plan through a mixture of tax cuts, business concessions and bold measures to stimulate spending and investment.

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The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.

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Our Senior Tax Writers, Ian Murray-Jones and Stuart Jones will be your Federal Budget guides, bringing you the latest news and taking you through the detail and analysis of the tax and superannuation announcements.

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If accountants ever needed reminding that 2020 is indeed a strange year, look no further than the fact that the 2020 Federal Budget will be brought down on Tuesday, 6 October rather than the traditional “second Tuesday in May”.

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The Federal Government is extending the application period for the early release from superannuation measure to increase the scope for individuals who may still be financially impacted by COVID-19 to access early release in the coming months.

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