On 9 October 2020, the Australian Prime Minister issued a release announcing the approval of the measures of the Budget 2020-21 to support taxpayers. Just delivered on 6 October, the Budget measures were included as part of the Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Bill 2020, which was approved by the House of Representatives on 8 October and by the Senate on 9 October.
The measures approved are summarized as follows:
- Individual income tax cuts backdated…