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FEDERAL BUDGET 2017 SPECIAL: Here's everything you need to know

Tuesday, 9 May 2017

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BUDGET 2017: WHAT YOU NEED TO KNOW

All you need to know -- right here. 
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This is why Scott Morrison sees 'better days ahead' for Australia

A big theme is that our economy is getting stronger. 
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BUDGET 2017: The ATO has already squeezed $2.9 billion from several multinational companies

The campaign against multinationals to ensure they pay their fair share of tax is intensifying.
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CHART: The key economic forecasts in Scott Morrison's federal budget

The papers anticipate that growth will lift following the effects of a number of weather-related events in 2016-17.
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Here's how the 2017 budget has changed the rules in the housing game

Affordability has become a headline issue. 

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The Turnbull government wants to invest $75 billion in infrastructure, including a Melbourne to Brisbane rail line

The plans include a new airport, and a rail lline all the way from Victoria to Queensland. 
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The government wants young people to use superannuation to save for a home

A tax break for people saving for their first home is coming. 

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NEW TAX, BONUSES HELD FOR YEARS: Australia's top bankers are the budget's biggest losers

This tax will help fill repair a hole in the federal government's revenue. 
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Here's the big picture on education spending from the budget

Funding for schools will increase by $18.6 billion over the next decade.

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Australian politicians have had their overseas pocket money cut by $37 million

The money will be redirected to repair the budget and fund policy priorities.

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Scott Morrison is getting rid of GST on digital currencies like Bitcoin

The decision is a turnaround from just three years ago. 

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How the 2017 budget will affect millennials who like smashed avocado toast

Changes to agricultural production levies affect avocados, bananas, seed cotton, tree tree oil, thoroughbred horses and egg-laying chickens.

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The Turnbull government wants to extend crowdsourced equity funding to private companies

Startups that access crowdfunding will have to meet certain conditions. 

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Australia's startup sector says the budget has abandoned Turnbull's 'innovation agenda' after just one year

They say the budget lacked support for innovation and entrepreneurship.

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A new visa will let citizens bring their foreign-born parents to Australia for up to 5 years

The temporary sponsored parent visa will begin in November 2017, with 15,000 visas available annually.

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The Turnbull government wants to drug test young people on welfare

Agreeing to the testing will be a condition of receiving the payment.
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FinTech Australia loves what the budget will do for fintech startups

They've declared the budget a winner, . 
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A simple guide to reading the federal budget papers

They are hefty even in a digital form and finding anything can be challenging.

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