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Article: Federal Budget For 2009-2010. Much To Do With Less.
- Article from:
- Mondaq Business Briefing
- Article date:
- May 13, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Federal Government Budget released last night (12 May 2009) reflected the anticipated outcomes with general reductions in expenditure but some specific commitments consistent with recent media commentary. In the case of Customs and Border Protection ("CBP") and other border agencies new measures have been consistent with the announcements made by the Federal Government in December 2008. For these border agencies, the main focus is clearly on an increase in assets for border protection and to reduce people smuggling.
Following a preliminary review of the Budget, the following outcomes for various agencies which may affect industry are set out below.
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