If you're an Australian business, it's likely you'll be affected by your state or territory's budget announcements to come into effect from 1 July 2008.

In 2008-09, most states and territories will continue to reduce or phase out pay-roll tax. There will also be a reduction of stamp duty, land tax or transfer duty in some states. Some of the new business initiatives to be introduced in the new financial year include:

• continued assistance for apprentices and trainees
• programs to address skills shortages
• innovation and investment programs
• environmental initiatives.

To find out which changes apply to your business and when, see your state or territory budget papers below:

• Australian Capital Territory 2008-09 Budget
• New South Wales 2008-09 Budget
• Northern Territory 2008-09 Budget
• Queensland 2008-09 Budget
• South Australian 2008-09 Budget
• Tasmanian 2008-09 Budget
• Victorian 2008-09 Budget
• Western Australian 2008-09 Budget.

For information on federal government budget business initiatives see our Budget 2008-09 feature.