In this Budget, the Government is delivering for working families
More money for working families tax cuts to ensure working families keep more of the money they earn, including an increase in the Medicare levy surcharge thresholds.
Better access to more affordable health care a $491 million Teen Dental Plan, $3.2 billion for health and hospital reform, including $600 million to slash elective surgery waiting lists in public hospitals and $275 million to establish GP Super Clinics in local communities, and an immediate $1 billion injection to relieve the pressure on our public hospitals.
Accessible and affordable child care increased child care places and an increase in the Child Care Tax Rebate from 30 per cent to 50 per cent and paid more frequently.
Help with education costs a new 50 per cent Education Tax Refund for education expenses providing up to $375 a year for each child in primary school and $750 per year for each child in secondary school.
Making housing affordable by making it easier for families to save for and buy their first home (First Home Saver Accounts), increasing the supply of affordable rental housing (the National Rental Affordability Scheme) and boosting housing supply (the Housing Affordability Fund).
Improving competition on everyday items working to increase competition in grocery and petrol markets, including the introduction of a National FuelWatch Scheme.
Helping seniors by increasing the Utilities Allowance and Seniors Concession Allowance, delivering the Seniors Bonus and increasing the Telephone Allowance for those with an Internet connection.
Helping carers expanded eligibility for Carer Payment (child) and eligibility for the Utilities Allowance; lump sum bonuses of $1,000 to recipients of the Carer Payment and $600 for each eligible person in their care to recipients of the Carer Allowance.
Matt and Leah
Matt and Leah are a couple with two boys aged 6 and 8. Now that the boys are of primary school age, Leah has decided to return to work 5 days a week. She has placed the boys in after school care.
Matt earns $60,000 a year and Leah earns $45,000 a year. The Government's tax cuts mean that Matt and Leah will now have an extra $1,650 to spend in 2008‑09. They will also receive, for the first time, a $750 Education Tax Refund.
In addition, Matt and Leah will receive a Child Care Tax Rebate of more than $1,030 in 2008‑09.
All up, Matt and Leah will have more than $3,430 extra in their pockets in 2008‑09.