What does the Budget mean for your business?

The Energy Bill Relief Fund is providing energy rebates to help small businesses cover their electricity bills. Eligible small businesses will receive $325 to help pay their energy bill.

Initiatives for small business employers include $10 million in support for employers administering the Paid Parental Leave scheme, and funding to help the Fair Work Ombudsman assist employers to comply with workplace laws.

Initiatives to support the construction industry include $88.8 million for 20,000 new fee-free TAFE places, and $1.8 million to support small and medium businesses to access training services for clean energy, manufacturing and construction apprentices.

The Budget includes funding for programs supporting businesses with cyber security, like the free Cyber Wardens training program. There is also $39.9 million to support the work of the Safe and Responsible AI program.