Key budget initiatives include:

• A 6-month, 50% reduction in fuel excise with effect from midnight Budget night
• $120 deduction for every $100 spent on skills and training
• Lowering tax instalments for small business.

It is also a Budget that drives digitisation. Not only to support innovation but to streamline compliance, create transparency and more readily identify anomalies. Single touch payroll was the first step, the PAYG instalment system, trust compliance, and payments to contractors are next.