There are two main stimulus measures, which have been extended for another 12 months, which is quite a surprise but a very pleasant one.

In encouraging signs for future growth and innovation, one third took advantage of the Instant Asset Write-off and plan to follow suit with the R&D Tax Incentive.

Overall this is a Budget with plenty of useful and targeted measures for business.

Despite the challenges, it is encouraging to see a generally upbeat mood among the CEOs, CFOs and directors surveyed in terms of prospects for the next few years.