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News Hub News

Federal Budget 2020 – Your summary

News
06 October 2020 5 min read

On Tuesday 6 October, Treasurer Josh Frydenberg handed down the 2020 Federal Budget. Below, we have summarised some of the key take-outs to be aware of.

Budget

Calling it a budget to “rebuild our economy and secure Australia’s future” Mr Frydenberg has pledged a raft of key changes including tax relief for more than 7 million Australians, extension of the First Home Loan Deposit Scheme, support for businesses and reforms to help workers keep track of their superannuation.

Click on the links below to find out more.

Income tax cuts


Your future, your super


Increasing home ownership


Women’s economic security


Boost for seniors


Please note that some of these announcements are yet to be legislated and may be subject to change. We will keep you updated on all proposals through the QSuper website. You can also access all Budget papers here.

Click

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