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SMATS Group
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17thBudgetReviewWebinar2022

Fortress Australia finally opened up to international visitors in February 2022 after almost two years of travel restrictions in the management of the Covid pandemic.

So far the Australian Federal Government has managed to keep the economy on track and maintain job growth and general stability, despite the challenges in supply and labour markets.

With Australia now among the highest in the world for vaccination rates, life has almost returned to normal, with travel restrictions and the softening of Covid protocols and reactionary measures.

2022 brings the next federal election and Prime Minister Scott Morrison is falling behind in the polls and staring defeat in the eye. This is not new for him, having defied predictions in 2018 to win an “unwinnable election”.

He has navigated through bushfires, floods and Covid but this election could well be the biggest challenge he has faced.

View this webinar as we seek to provide you a clearer understanding of the budget announcements, including:
How Covid continues to impact the Australian Government's federal finances
All the announcements of the budget and how they may influence the upcoming election
Latest taxation changes and how they may impact you and the Australian property market
Answers to audience questions.

00:00:00 Introduction
00:00:45 Disclaimer
00:01:11 Budget Agenda
00:05:16 The Numbers
00:15:11 Government Debt
00:16:47 Government Spending
00:18:30 AU in Global Economy
00:19:57 Cost of Living
00:25:25 Environment
00:28:45 Property Ownership
00:32:49 Infrastructure
00:33:48 Regional Support
00:35:48 Health
00:39:06 Tax Initiatives
00:41:56 Other Announcements
00:44:48 AUD Recovery
00:46:17 Population
00:51:18 Property Market
00:58:31 Summary
01:04:15 Q&A
01:04:17 Q1 - What is your view on the implementation of the 45 day Tax Residency ruling?
01:05:14 Q2 - 120% tax write off on T&T - does it mean that the govt is subsidising part of the training?
01:05:36 Q3 - Home ownership - Still good future wealth creation strategy vs superannuation?
01:07:42 Q4 - Which state offers the best value opportunity for 2022-2023?
01:09:25 Q5 - Recent Canstar report says significant interest rate rises with cause 1/3 of mortgage holders financial stress, do you see this happening in 2022-2023, what will it do to the property market?
01:12:36 Q6 - Should I borrow down on my property to pay into my super?
01:13:31 Q7 - What is your opinion of investment in border security & military?
01:14:55 Q8 - What is your prediction for the Aussie dollar & Bitcoin?
01:16:38 Q9 - Does the budget adequately account for small business owners, any advantages for first time small business owners?
01:19:38 Q10 - Is buying an Australian investment property still an attractive option for Australian expats, buy now in Perth or wait 6 months?
01:20:46 Q11 - Do you think there be any easing of Visa requirements or restrictions to support labour shortages?
01:21:42 Q12 - Do you envisage expats returning to Australia due to Covid-19 heading back overseas in the coming years?
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DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

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