Australian Government Budget — Industry summary
The annual Australian Government budget provides not only a policy context for the Australian Government spending and political priorities, it provides funding for dental and oral healthcare programs that indirectly drive demand for the products and services supplied by members of the Australian Dental Industry Association (ADIA). Given the interest in the budget across the dental community, ADIA is pleased to provide this annual budget summary.
On the day that the budget is presented by the Treasurer each year, key ADIA staff are in Parliament House meeting with key Ministers and their senior staff. This allows a timely update on key budget measures that affect the manufacture and supply of products and services to dental professionals.
2018 Budget (Treasurer — Hon. Scott Morrison MP)
Likely to be the the last budget before the next federal election, this budget contained income tax cuts to be phased in over a number of years and changes to the research and development tax concession. There were no new or significant changes to dental care expenditure. [Read More]
2017 Budget (Treasurer — Hon. Scott Morrison MP)
Viewed as a 'steady as she goes' budget, the Child Dental Benefits Schedule (CDBS) received increased funding, income tax was increased to pay for the National Disability Insurance Scheme (NDIS) and the $20,000 instant asset write-off was extended. [Read More]
2016 Budget (Treasurer — Hon. Scott Morrison MP)
This pre-election budget provided tax-cuts for small business, modest middle-income tax cuts, changes to the superannuation system and sought to address multinational tax avoidance. The government attempted, and later failed, to replace the Child Dental Benefits Schedule (CDBS) with a new state/territory government child and adult dental program. [Read More]
2015 Budget Summary (Treasurer — Hon. Joe Hockey MP)
The most exciting aspect to the 2015 Australian Government budget was the introduction of an accelerated depreciation allowance for capital items of $20,000 or less. Business also benefited by funding to take-on mature age employees. Dental funding did not receive favourable treatment as a result of the indexation arrangements associated with payments under the Child Dental Benefits Schedule (CDBS) and payments to provide care for defence veterans. [Read More]
2014 Budget Summary (Treasurer — Hon. Joe Hockey MP)
The first budget of the new Coalition Government was set in the context of the Commission of Audit that reviewed government spending. It continued funding for the Child Dental Benefits Schedule introduced earlier that year but ceased funding for the Dental Flexible Grants Program and cancelled proceeding with the Charles Sturt University — dental and oral health clinic development. [Read more]
Following each budget ADIA member businesses receive an in-depth briefing at the quarterly series of ADIA State Branch Briefings that are provided free of charge.
Member Engagement —
ADIA provides leadership, strategy, advocacy and support. Our members set our agenda, fund our activities and directly benefit from the results. With respect to the Association's work to ensure that the initiatives within each Australian Government budget support the dental industry, the team in the ADIA national office receive advice and guidance from members serving on the ADIA-TCPC Trade & Commercial Policy Committee.
Further Information —
To keep up to date with how ADIA is working to ensure that the Australian Government budget supports the dental industry, subscribe to the Twitter feed @AusDental or follow us on Facebook at www.facebook.com/dental.industry. Alternatively, you can contact the Association via email at firstname.lastname@example.org or by telephone on 1300 943 094.
This information is available for your use under a Creative Commons Attribution 3.0 Australia licence, with the exception of the ADIA logo, other images and where otherwise stated.
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