SA Budget 2016

On the 7th of July 2016 the Hon. Tom Koutsantonis released the 2016-17 State Budget.  The Budget shows a “back to black” position with an estimated net operating surplus for the 2015-16 year of $258 million, with predicted net operating surplus across the forward estimates.
The 2016-17 Budget has been branded by the Government as a Budget to assist businesses to invest, grow and create jobs.  The following key taxation measures were announced by the Government as part of the Budget.