WHAT’S IN IT FOR YOU? PRE-ELECTION FEDERAL BUDGET HANDED DOWN

By Exhibition and Event Association of Australasia , 3 April, 2019

Last night the Federal Budget 2019/20 was handed down by Treasurer Josh Frydenberg days before the expected announcement of the May election.

While the devil is in the detail – there has been welcome investment in education and training, skills and labour and critical tourism infrastructure especially in regional Australia and a boost to funding for Tourism Australia.

There are also some boosts for small business and lower to mid-income earners.

The critics have suggested that the budget has failed to deliver major reform of the tax system and assistance to the most vulnerable in the community and does not address climate change.

For the business events sector there does not appear to be any specific investment for the programs of Tourism Australia and Austrade, although there is a boost to the Export Market Development Fund administered through Foreign Affairs and Trade.

We’ve attached a few breakdowns from the Budget Papers produced by some of EEAA’s partners and stakeholders.

Department of Foreign Affairs and Trade Budget Media Release

ACCI Media Release on Federal Budget

ACCI Budget Summary in Brief

ACCI Budget Summary in Depth Analysis

Barton Deakin Budget Summary

PremierNational Federal Budget Summary

Let’s stay tuned for the Budget reply speech on Thursday evening by the Opposition leader Bill Shorten.

Joyce DiMascio,
Chief Executive