Director Federal Budget 2024 – Tourism Impact

May 16, 2024

The Federal Budget 2024 has not increased Tourism Australia’s funding to recover international visitors which remain more than 20% down on pre-Covid levels. Tourism highlights of the Budget include:

  • Tourism Australia funding remains largely unchanged at $170M in 2024.
  • $8M over 4 years has been committed for the return of the China Approved Destination Scheme.
  • No additional funding for EMDG grants for tourism businesses.
  • $8M for live music venues and festivals.
  • Instant asset write-off of $20,000 for small businesses remains.
  • Temporary Skills Shortage visa requirement is reduced from two years to one year.

For a full budget tourism analysis click here.

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