Grant Thornton Australia

The Government has delivered a once in a lifetime Federal Budget in response to COVID-19. We saw a significant change in direction from policy makers with a new and renewed focus on sovereign capability and job creation. We invited Phil Coorey, Political Editor at the Australian Financial Review, to share his insights on how the Government has responded throughout COVID. From his privileged position in the heart of Canberra, Phil gives us a sneak peek into the thought processes and policy from Canberra - now and into future. Vince Tropiano, Corporate Tax Partner reflects on what these initiatives really mean for our clients in the mid-sized business space. A key question we ask is what the 'big kahuna' Federal Budget in May 2021 may offer businesses before the next Federal Election - which could be as early as October next year, but certainly by early 2022.