This year’s WA Budget delivers stability for business owners. While there are no new grants or tax breaks, there are still a few key changes that could affect cash flow and operational planning.
Power Credit for Business
From 1 July 2025, approximately one million WA small businesses will receive a $150 power bill credit, funded by the Commonwealth Government.
- Issued in two instalments of $75, automatically for Synergy and Horizon Power customers.
- Businesses using embedded networks or non-standard arrangements must apply through RevenueWA.
- This replaces the State Government’s former $400 rebate, which has now ended.
No New Tax or Grant Changes
The Budget includes no changes to land tax, payroll tax, or transfer duty, and no new SME-focused grants. However, the State continues investing in workforce and energy sector infrastructure, which may indirectly benefit certain industries.
Related Cost Measures to Note
- Continued TAFE investment and wage subsidies to support apprenticeships, particularly in construction.
- Battery installation rebates and no-interest loans are available for qualifying households, which may be of interest for business owners running their business from home.
Knight Insight
No new hurdles, but no fresh benefits either. With state-level incentives holding flat, now is the time to refocus on federal initiatives and ensure your systems, payroll, and energy efficiency planning are ahead of the curve.
Speak with your Knight partner today. With you every step of the way→
Source: ourstatebudget.com.au
