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.
