BUDGET 2020

2020 federal, state and international budget coverage from CPA Australia

The government will spend A$40 million on the Great Barrier Reef, including supporting ecotourism to the reef.
02 Dec 2020 Budget

Queensland budget sets stage for population growth but offers little for hard hit businesses

The Queensland Government handed down its 2020-21 Budget on 1 December 2020. It has a strong focus on investing for future population growth, but the sickest parts of the economy, including small businesses and tourism operators, may feel neglected in this year’s budget. Read on to learn more.

120,000 vouchers worth A$200 each are available to encourage people to visit and stay in regional Victoria.

Victorian budget hit and miss: strong on community but light on business

The Victorian Government handed down its 2020-21 Budget on 24 November 2021. It has a strong focus on supporting the community and jobs, but business would be justified in feeling they have been ignored. Read on to learn more.

25 Nov 2020 Budget Economics
There are a host of initiatives designed to elevate the living standards of Malaysians.

Malaysian budget announcements you may have missed

Combating COVID-19 and encouraging economic recovery were key aspects in the 2021 budget, however, infrastructure, the environment, health and research and development also received a boost.

09 Nov 2020 Budget Economics
The budget allocates A$14.8 million over four years from 2020-21 to remove ghost nets from Australia’s northern waters.

11 items you didn’t hear about on budget night

Now that the big headline programs have been announced and dissected, there’s an opportunity to look at some of the lesser known items in this year’s Federal Budget.

09 Oct 2020 Budget Economics

RECOMMENDED READING

The first obvious step to allow for any economic recovery to succeed is to be able to manage the coronavirus.

The 4 pillars of a post-pandemic economic recovery

Financial experts weigh in on what needs to be done to pull the economy out of the recession, looking at the challenges and opportunities ahead.

The largely deserted forecourt of the Louvre in Paris, in October 2020. The Louvre is one of the most visited museums in the world, but visitor numbers have dwindled to less than a third compared to the same time last year.

Tourism sector: Dealing with a vanishing market

While businesses in several sectors pivot their operations to stay afloat, the travel industry needs to venture further while being very much grounded.

Some economists insist that reforming the tax system is the only way to pull the nation back from the brink of economic disaster.

Is it time for tax reform?

As Australia sinks into a deep post-pandemic recession, a number of academics and tax system experts are demanding tax reform be put at the top of the government's agenda.

Jim Stanford, director of the Centre for Future Work, based at the Australia Institute.

Jim Stanford: Why economics should be informed by social responsibility

Jim Stanford is on a mission to prove economics is a powerful tool that every worker can use to shape our world.

Disruptor alert: Which sector is next?

With change being the one constant, it is almost certain that more sectors will face disruption in Australia and across Asia in the future. Which industries will be next? Three experts weigh in.

The scientific consensus about global warming is significant and we are recognising that preventing the worst effects of climate change needs effort on multiple fronts.

Climate risk: What accountants need to know

The 21st century shapes as a significant period where we’ll be dealing with a myriad of global risks. None deserve our long-term attention quite like climate change, it was argued in a recent CPA Australia webinar.

The need for reliable information has increased and it is up to finance professionals to ensure that not only are statutory obligations met but also that maximum transparency is provided.

Roadmap for annual reporting in the COVID-19 era

CPA Australia, in co-operation with the Australian Institute of Company Directors and Chartered Accountants Australia and New Zealand, has published Impacts of COVID-19 on Annual Report Disclosures: A Guide for Directors, Preparers and Auditors.

Phu My Bridge in Ho Chi Minh City, Vietnam.

Infrastructure projects: Australia's path to economic recovery

For economies that seek to re-boot in the wake of a crisis, infrastructure projects are firmly in the frame, but governments should choose carefully for maximum impact.

Some businesses will never come back, simply because they didn’t have the financial resources to survive whatever shutdown was imposed on them.

The incomplete economy: The missing 10 per cent

Global economies are carefully reopening, but most will be operating at 90 per cent of "normality" for some time to come. What does this mean for the global financial ecosystem?

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More reading

READ MORE
The first obvious step to allow for any economic recovery to succeed is to be able to manage the coronavirus.

The 4 pillars of a post-pandemic economic recovery

02 Dec 2020

Financial experts weigh in on what needs to be done to pull the economy out of the recession, looking at the challenges and opportunities ahead.

READ MORE
Some economists insist that reforming the tax system is the only way to pull the nation back from the brink of economic disaster.

Is it time for tax reform?

01 Dec 2020

As Australia sinks into a deep post-pandemic recession, a number of academics and tax system experts are demanding tax reform be put at the top of the government's agenda.

READ MORE
Jim Stanford, director of the Centre for Future Work, based at the Australia Institute.

Jim Stanford: Why economics should be informed by social responsibility

01 Dec 2020

Jim Stanford is on a mission to prove economics is a powerful tool that every worker can use to shape our world.