The Government’s mid-year budget update was handed down in late October 2012. The Treasurer revised down the expected Budget underlying cash surplus to $1.1 billion for 2012 – 2013 down from $1.5 billion estimated in the May 2012 Budget. In the mini-budget update the Government announced the removal of the concessional treatment for in-house fringe benefits that … Continue reading Mini-budget tightens fringe benefits, health rebates and more