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The Australian Federal Budget in Health

The 2020-21 Federal Budget was recently announced by the Morrison Government which predicted a $213.7 billion deficit. Treasurer, Josh Frydenberg, described the deficit to be a “monumental task” for Australia.

Importantly, the medical and health sector related budget items announced are as follows:

  • $6 billion further funding of Medicare which will include $2.4 billion investment in telehealth.
  • Continuation of Medicare-subsidised telehealth for medical professionals, medical service providers and Medicare-subsidised pathology until 31 March 2021.
  • Options to be developed for the perpetual implementation of telehealth, even after the COVID-19 pandemic. In this regard, $18.6 million funding has been allocated under the budget to make changes in the system enabling adoption of future reforms.
  • $5.7 billion allocated for mental health out of which $110.8 million will be allotted over the next two years to multiply psychological services available under the Better Access Initiative.
  • $630.4 million allocated for the expansion of the Headspace network.
  • Further $47.3 million funding allocated to Victoria for mental health and crisis support to deal with the effects of the COVID-19 pandemic.
  • $375.5 million to be given over the next four years in relation to new and changed PBS (Pharmaceutical Benefits Scheme) listings for Apomine, Ventolin, Calquence, Keytruda and other medicines that treat hypertension.
  • Additional funding of $1.1 billion to be allotted this year for the partnership agreement ensuring the continuation of funding private hospitals for supplementing public hospital capacity and for funding of state hospitals.
  • $550 million allocated for Rural Health Strategy which will include funding for rural workforce shortages.
  • $798.8 million has been given in additional NDIS funding, to be allocated over the next four years.
  • Grant by the Australian Taxation Office given to most businesses to write off everything spent on eligible (health and medical) equipment in the next two years.
  • Businesses can offset losses suffered up to June 2022 against profits made in the past two years, from the 2018-19 financial year.

Burke & Associates Lawyers has a strong reputation for achieving excellence with their medical, health and life sciences industry clients. Contact one of our specialised team today.

 

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Meghan Warren

Principal

Meghan Warren

Principal
LL.B GAICD
Meghan is one of the few lawyers in Australia admitted in the State (Victoria) and Federal jurisdictions of Australia, and as an Attorney at Law to the New York State Bar in the United States.

Kristy Muhlhan

Principal

Kristy Muhlhan

Principal
LL.B (HONS) GRAD DIP. L.P., GAICD.
Since 2014, she has been an owner and Principal of the firm and has mastered a broad range of essential commercial and business skills which go hand in hand with the work she does for...

Rosy Roberts

Principal

Rosy Roberts

Principal
LL.B (Hons) B.A GAICD
Rosy has extensive experience in Litigation & Alternative Dispute Resolution having represented clients in all Victorian State Courts, the Family Court of Australia and the High Court of Australia. She is also a VCAT appointed...

Steve O’Dor

Special Counsel

Steve O’Dor

Special Counsel
Steve was admitted as a solicitor to the Supreme Court of Victoria and High Court of Australia in 2012. He predominantly practices in commercial litigation, general commercial and property law.

George Hanger

Associate

George Hanger

Associate
LL.B BA
George was admitted to legal practice in May 2015 after completing a Bachelor of Arts at the University of Melbourne and a Bachelor of Laws at Monash University.

Stewart Davis

Associate

Stewart Davis

Associate
As well as property law, Stewart has had exposure to VCAT administration matters and commercial law, particularly servicing developer clients.

Antonela Graso

Paralegal

Antonela Graso

Paralegal
Whilst completing her professional business and law tertiary qualifications, Antonela provides efficient and effective legal support services to our valued teams and clients.