Global Trade Alert
Global Trade Alert

Australia: Government announces an allocation of AUD 1.5 billion for tax incentives towards SMEs

Announcement

21 Jun 2023

On 21 June 2023, the Australian government announced the AUD 1.5 billion (approx. USD 1 billion) Technology Investment Boost and Skills and Training Boost Schemes.

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Mar 2022

Revocation date:

30 Jun 2024

Updated: 21 Jun 2023
Local content incentive

On 21 June 2023, the government of Australia announced localisation incentives under the Skills and Training Boost program. Under the program, firms are required to use providers registered in Aust...

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Updated: 21 Jun 2023
Tax or social insurance relief

On 21 June 2023, the government of Australia announced tax incentives worth over AUD 1.5 billion (approx. USD 1 billion) for small and medium enterprises under the Skills and Training Boost program...

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Implementation date

29 Mar 2022

Revocation date:

30 Jun 2023

Updated: 21 Jun 2023
Tax or social insurance relief

On 21 June 2023, the government of Australia announced an investment worth over AUD 1.5 billion (approx. USD 1 billion) in the form of tax incentives for small and medium enterprises under the Tech...

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