Judo Bank launches Federal Budget guide for SMEs

Group hopes to provide "clear and concise" explanation of how key measures will impact customers' business

Judo Bank launches Federal Budget guide for SMEs


By Madison Utley

A neobank has put together a free resource available to all Australian SMEs, detailing how the Federal Budget for 2020-21 announced earlier this week is set to impact their businesses in the coming months.

Judo Bank’s “comprehensive insights package” is available on the group’s website and includes an eBook compiled and co-authored by well-known economist Professor Warren Hogan, as well as a podcast in which Professor Hogan is joined by Judo co-CEO Joseph Healy and the neobank's chief relationship officer, Frank Versace.

Healy has made it clear the group is pleased by the “bold and substantial” support the federal government made available to Australian SMEs in its 2020 budget.  

“This is the most important budget for Australia’s small business community in a generation, given the unprecedented economic challenges and social dislocations caused by COVID-19,” Healy said. 

“As part of Judo Bank’s commitment to being the most trusted business bank in Australia, we are offering this Federal Budget insights package to all SMEs whether they are a customer or not.

“This package…provides SMEs with a budget overview as well as a detailed, practical analysis of the full suite of measures designed to support Australian SMEs recover from the pandemic.”

Professor Hogan doubled down on Healy’s enthusiasm for the budget. 

“This is an optimistic budget; an economic statement that charts a medium-term path to recovery with confidence and commitment from the Commonwealth Government,” he explained.

“This budget insights package cuts through the complexity and jargon to help SMEs better understand and take advantage of everything that is on offer, so that together we can push through and beyond this crisis in better shape than before.”

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