Home Markets Acting for You, June 2021

Acting for You, June 2021

4

Federal Budget

The Policy team worked closely with the Engagement team to issue timely coverage and analysis of Federal Budget 2021‒22 on 12 May.

Key Budget measures of interest to members were:

  • A major funding boost of $17.7 billion over four years for the aged care sector to deliver on the recommendations of the royal commission.
  • A funding boost for women’s economic security of $3.4 billion over five years.
  • A commitment of $1.2 billion over six years for a new Digital Economy Strategy that aims to transform Australia into a modern and leading digital economy.
  • Regulatory red tape cutting for business of $134.6 million including $800,000 to examine options to enable electronic document execution and $10 million to modernise business communication by amending legislation in the Treasury Portfolio to be technology neutral.
  • A Financial Market Infrastructure Regulatory Reforms package to protect Australia’s financial markets.
  • An additional $222.9…

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