FEDERAL BUDGET TO SUPPORT GROWTH AND RECOVERY

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The Australian Hotels Association (AHA) WA has strongly welcomed the 2020-21 Federal Budget as announced tonight by Treasurer Josh Frydenberg, with a number of measures expected to provide significant support for WA’s hotels and hospitality businesses to recover following the impact of COVID-19.

AHA(WA) CEO Bradley Woods said WA’s hotels, restaurants, bars, pubs and taverns will have access to a number of incentives to grow and rebound quickly after a historically challenging year.

“This is a considered Budget that will deliver comprehensive support for hotels and hospitality businesses to expand and grow in the months ahead,” Mr Woods said.

“The combined measures across the board – which include personal income tax cuts, carry back provisions, capital assets deductions and substantial incentives to hire new workers – assist with investment and provide a comprehensive package for business.”

“The Budget includes targeted measures which incentivise the purchase of equipment that facilitate growth and efficiency.”

“Importantly, there are significant initiatives announced tonight that will encourage business owners to hire more staff, particularly younger workers, who play a critical role in the hospitality workforce.”

“Substantial incentives to hire apprentices and trainees in the months ahead will entice more young workers into WA’s hotels and hospitality businesses, helping safeguard our state’s future workforce requirements.”

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