Expert Analysis and Commentary

Pre-budget Submission 2021-22 Snapshot


Recovery, transformation and sustainability

The focus of the 2021-22 Federal Budget should be supporting short-term economic recovery through expansionary fiscal policies. Commitments to longer-term economic transformation through reforms and investments should also be prioritised. Environmental sustainability must underpin the Budget.


Support for small business

  • Incentivise small businesses to seek advice from their professional adviser
  • Provide targeted assistance for industries heavily affected by COVID-19
  • Provide standardised, scaleable, targeted disaster support for businesses
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Income tax relief

  • Bring forward stage 3 personal tax cuts
  • Extend the low-and middle-income tax offset to 2021-22

Climate change

  • Embed environmental sustainability into Australia’s economic recovery
  • Fund the development and deployment of technologies that will play a role in combatting global warming

Digital transformation

  • Substantially increase funding for small business digital transformation
  • Provide financial support for small businesses to engage approved e-commerce platforms

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Related Content

Pre-Budget-Submission_2021-22_cover image

2021-22 Federal Budget Submission

Read CPA Australia's Federal Budget submission and recommendations for economic recovery, economic transformation and environmental sustainability.


Media release

Focus on the task at hand but don’t lose sight of the challenges ahead