Pre-budget survey Question Title * 1. Should Fringe Benefits Tax be abolished? Yes — for all entities Yes — but only for small business entities No Undecided Question Title * 2. Should the rules for the CGT small business concessions be simplified? Yes No Undecided Question Title * 3. Should the GST be raised? Yes — it should be raised to 15% Yes — it should be raised to 20% No — it should remain at 10% No — it should be lowered Question Title * 4. Should the GST base be broadened (to include, for example, fresh food, healthcare, education, childcare and water, sewage and drainage)? Yes No Undecided Question Title * 5. From a tax administrative perspective, should the tax agent lodgment program dates for SMEs be extended? Yes — by three months Yes — by one month No — the current deadlines are appropriate No — they should be shortened Question Title * 6. Please state any further comments for how small business-related taxes could be simplified or improved. Individual tax, investments and support Question Title * 7. An Australian think tank recently suggested that all employees be given (only) a blanket $3000 deduction for work-related expenses and a range of personal deductions. The proposition is that this will reduce the cost of tax compliance. Do you agree with this? Yes No Undecided Question Title * 8. Should the Low and Middle Income Tax Offset (LMITO) (maximum of $1,080 per year and due to finish 30 June 2021) be extended? Yes Yes — but with a reduced offset maximum amount Yes — but for lower-income earners only No Question Title * 9. Would you support any further incentives or tax breaks for first-home owners? Yes No Undecided Question Title * 10. Do you support the idea of lower tax rates for individuals? Yes No Undecided Question Title * 11. Should tax breaks (such as the CGT discount) for property investors be reduced? Yes No Undecided Question Title * 12. Should franking credit refunds be abolished? Yes — in all instances franking credit refunds should be abolished Yes — but not for charities, not-for-profit organisations and pensioners Yes — but it should be gradually phased out No Question Title * 13. In April 2021 the Morrison Government raised the JobSeeker amount by $50 per fortnight to $620.80 per fortnight (single person, no children). Do you think it should be raised again in this budget? Yes No Undecided Superannuation Question Title * 14. Do you think the $450-a-month (before tax income with a single employer) threshold for the super guarantee to be paid to workers should be removed? Yes — it would boost the super balances of those on lower incomes and in casual employment No — it would be too costly for employers Undecided Question Title * 15. Would you support measures specifically aimed at boosting the super account balances of women (who typically retire on lower balances than men after taking time off to care for families)? Yes No Undecided Question Title * 16. Would you support the super guarantee being applied to the Commonwealth’s paid-parental-leave scheme? Yes No Undecided Question Title * 17. Do you agree with the superannuation guarantee being raised to 12% by 2025? Yes No — it should be increased to 10% and remain at that rate No — it should be higher No — it should be lower Question Title * 18. Should minimum pension annual drawdown rates be reduced? Yes No Undecided And finally…. Question Title * 19. Should be Federal Government start filling in the costs of COVID-19 through this budget? Yes — the economy has recovered better than expected No — there’s still too much uncertainty and fiscal recovery measures should be delayed Undecided Question Title * 20. Please state any other comments on what you would like to see in the 2021-22 Budget. Thank you for your time Submit
