Budget 2023: Business to benefit from energy assistance and renewables investment, but key tax break

Renewable energy and the transition away from fossil fuels are the government's key focus in its assistance to businesses, big and small.

Treasurer Jim Chalmers spoke relatively little about business in a budget speech more preoccupied with household cost-of-living pressures but, when he did, it mainly centred on Australia's role in the zero-emissions economy of the future.

"This budget allocates $4 billion to realising our future as a renewable energy superpower — bringing the government's total investment to more than $40 billion," he said.

"This includes part of our $15 billion National Reconstruction Fund, to support the development of green industries, manufacturing and more.

Read More: https://www.abc.net.au/news/2023-05-09/budget-business-and-corporate-tax/102324156