{"id":143773,"date":"2016-05-03T22:25:06","date_gmt":"2016-05-03T12:25:06","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=143773"},"modified":"2020-10-15T14:10:39","modified_gmt":"2020-10-15T04:10:39","slug":"rural-sector-gets-few-budget-breaks","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2016\/05\/03\/rural-sector-gets-few-budget-breaks\/","title":{"rendered":"Rural Sector Gets Few Budget Breaks"},"content":{"rendered":"<figure id=\"attachment_19021\" aria-describedby=\"caption-attachment-19021\" style=\"width: 740px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2012\/12\/farming-6201.jpg\"><img loading=\"lazy\" class=\"wp-image-19021\" title=\"farming-620\" src=\"http:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2012\/12\/farming-6201.jpg\" alt=\"\" width=\"740\" height=\"460\" srcset=\"https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2012\/12\/farming-6201.jpg 620w, https:\/\/southburnett.com.au\/news2\/wp-content\/uploads\/2012\/12\/farming-6201-300x186.jpg 300w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/a><figcaption id=\"caption-attachment-19021\" class=\"wp-caption-text\">This year&#8217;s Federal Budget offers few fillips for the South Burnett&#8217;s rural sector<\/figcaption><\/figure>\n<p><strong>May 3, 2016<\/strong><\/p>\n<p><strong>by Dafyd Martindale<\/strong><\/p>\n<p>The 2016 Federal Budget, which was handed down in Canberra on Tuesday night, has not offered very much for the South Burnett&#8217;s rural producers.<\/p>\n<p>The two big ticket items &#8211; a $595 million commitment towards the estimated $10 billion inland rail project to connect Brisbane to Melbourne (without any specified start date) and changes to existing wine tax arrangements &#8211; will have little effect locally.<\/p>\n<p><strong>But hot button issues like fixing mobile black spots or making changes to the Federak Government&#8217;s proposed 32.5 per cent flat rate backpacker tax, which is set to be introduced from July 1, seem to be off the agenda for the moment.<\/strong><\/p>\n<p>The government has not allocated any new funding for its Mobile Black Spot program in this Budget.<\/p>\n<p>While 6000 mobile black spots have been identified nationwide, the $160 million program only aims to fix 499 of them.<\/p>\n<p>How the South Burnett will fare will not be known until later this year when the second round of successful projects is announced.<\/p>\n<p>Treasurer Scott Morrison has hinted there may be an announcement about the unpopular Backpacker Tax during the election campaign, but the Budget contains none.<\/p>\n<p>However, rural research and development programs seem to have escaped the axe in 2016 after suffering major cuts in recent years.<\/p>\n<p>Landcare, which was stripped of half a billion dollars in the last two Budgets, will receive an extra $22.6 million over three years.<\/p>\n<p>Geosciences Australia has also received a $100 million extra for &#8220;mapping mineral, energy and groundwater potential in northern Australia and South Australia&#8221; in an effort to restart mineral exploration.<\/p>\n<p><strong>One bright spot is that spending by farmers on small machinery is expected to continue after the government extended its popular write-off for equipment purchases.<\/strong><\/p>\n<p>Businesses with an annual turnover of up to $10 million will be able to claim an immediate write-off for equipment purchases up to $20,000.<\/p>\n<p>This initiative has seen a dramatic increase in farm machinery spending since it was introduced by then-Treasurer Joe Hockey last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2016 Federal Budget, which was handed down in Canberra on Tuesday night, has not offered very much for the South Burnett&#8217;s rural producers. <\/p>\n","protected":false},"author":3,"featured_media":19021,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - 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