The government has delivered an uneventful budget doing little to support the improvement of Australia’s dental health. ADA Federal President Dr Carmelo Bonanno and CEO Damian Mitsch attended tonight’s health budget lockup to bring you a summary of key budget points impacting Australian dental practices.
1. Some good news – Funding for a further 3 years for the Child Dental Benefits Schedule, albeit with a government forecast reduction in CDBS claiming.
2. No ongoing Commonwealth contribution to public dental service through the National Partnership Agreement. The ADA persists in urging the government to reach funding arrangements.
3. An increase to the instant asset write-off threshold to $30,000 and expanding access to medium sized businesses with an annual turnover of less than $50 million to help them reinvest in their business, employ more workers and grow. Around 3.4 million businesses will be eligible to benefit.
4.Fast-tracking the company tax rate cut to 25 per cent for small and medium sized companies with an annual turnover of less than $50 million and increases to the unincorporated small business tax discount rate.
The ADA will continue to lobby at a federal and local level to increase access to dental services for Australians, particularly those at risk. To learn more about the ADA’s position view the 2019-2020 pre-budget submission.
