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ARTICLE · 20 MAY 2009

2009/10 Federal Budget

Moore Australia
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The much anticipated 2009-2010 federal budget has introduced some significant changes that should have a mostly positive impact on the Property Industry.

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Michael Van Schaik
Michael Van Schaik
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The much anticipated 2009-2010 federal budget has introduced some significant changes that should have a mostly positive impact on the Property Industry.

Treasurer Wayne Swan stated that the Government had a strong aim to provide a nation building budget that will boost employment through major spending on infrastructure to capitalise on the economic recovery when the time comes.

In light of the Rudd Government's efforts to boost the economy, we welcome some of the announcements made in the Federal Budget:

1. MAJOR SPENDING INITIATIVES

1.1 Infrastructure

Unemployment is to be tackled with major infrastructure spending which is proposed to support jobs and the economy during the global recession. Investment includes:

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