| The 2024-25 Budget was announced on 14 May. We’ve summarised what’s available and what it means for businesses. |
 | Energy bill relief The Energy Bill Relief Fund is providing energy rebates to help small businesses cover their electricity bills. Eligible small businesses will receive $325 to help pay their energy bill. |
 | Instant asset write-off The $20,000 instant asset write-off for small businesses with annual turnover of less than $10 million has been extended. This allows small businesses to immediately deduct eligible assets costing less than $20,000 until 30 June 2025. |
 | Support for employers Initiatives for small business employers include $10 million in support for employers administering the Paid Parental Leave scheme, and funding to help the Fair Work Ombudsman assist employers to comply with workplace laws. |
 | Construction industry Initiatives to support the construction industry include $88.8 million for 20,000 new fee-free TAFE places, and $1.8 million to support small and medium businesses to access training services for clean energy, manufacturing and construction apprentices. |
 | Cyber security and AI The Budget includes funding for programs supporting businesses with cyber security, like the free Cyber Wardens training program. There is also $39.9 million to support the work of the Safe and Responsible AI program. |
| Head to the link below at business.gov.au to read the full run-down on what the Budget means for Aussie businesses. Read more |
