Grant Thornton Australia

In the lead-up to an election year, the Labor Government faces the task of easing cost-of-living pressures for Australians who are feeling the financial strain. While we’ve already witnessed significant announcements, such as HECs reforms, payments for trainee teachers, nurses, and social workers during university placements, and the allocation of $167.8m for Tranche 2 Anti-Money Laundering regulations, there’s more to address. So, what else did the Federal Government allocate spending to this year and how will it assist Australian businesses?