Appendix D - Major initiatives
This table summarises the major initiatives in the 2015 Budget and their impact on the fiscal balance. More comprehensive information is provided in Budget Paper No. 2, Budget Measures 2015‑16.
|
Key Measures
|
2014‑15 $m |
2015‑16 $m |
2016‑17 $m |
2017‑18 $m |
2018‑19 $m |
Total $m |
|---|---|---|---|---|---|---|
| Families Package ‑ child care ‑ Workforce Participation Stream | -1 | -141 | -277 | -1,309 | -1,472 | -3,199 |
| Medicare Benefits Schedule – changes to GP rebates – reversal | -181 | -646 | -692 | -718 | -754 | -2,991 |
|
Growing Jobs and Small Business – Youth Employment Strategy – revised waiting period for youth income support |
4 | -462 | -438 | -447 | -501 | -1,845 |
| Pharmaceutical Benefits Scheme – new and amended listings | -7 | -388 | -391 | -401 | -387 | -1,575 |
| Families Package – National Partnership Agreement on Universal Access to Early Childhood Education – extension | 0 | -125 | -420 | -299 | 0 | -843 |
| Developing Northern Australia – Northern Australia Infrastructure Facility | 0 | -1 | -327 | -266 | -206 | -800 |
| Automotive Transformation Scheme – revised implementation | -100 | -175 | -150 | -183 | -175 | -783 |
| Western Australia Infrastructure Projects | -499 | 0 | 0 | 0 | 0 | -499 |
| Operation Okra – continued support | -3 | -383 | -22 | -10 | 0 | -418 |
| Refugee resettlement arrangements for Illegal Maritime Arrivals in offshore processing centres | -138 | -252 | 0 | 0 | 0 | -390 |
| Families Package – Child Care Safety Net | 0 | -8 | -79 | -135 | -105 | -328 |
| Families Package – more generous means testing arrangements for youth payments | 0 | -21 | -75 | -81 | -85 | -263 |
| Digital Transformation Agenda – Stage One and establishment of the Digital Transformation Office | 0 | -118 | -71 | -41 | -25 | -255 |
| National Partnership Agreement on Homelessness – extension | 0 | -115 | -115 | 0 | 0 | -230 |
| Growing Jobs and Small Business – Youth Employment Strategy – Intensive Support – transition to work | 0 | ‑25 | -61 | -64 | -62 | -212 |
|
Total |
‑924 |
‑2,859 |
‑3,118 |
‑3,956 |
‑3,773 |
‑14,630 |
Revenue items |
2014‑15 $m |
2015‑16 $m |
2016‑17 $m |
2017‑18 $m |
2018‑19 $m |
Total $m |
|---|---|---|---|---|---|---|
| Growing Jobs and Small Business ‑ tax cuts for small business | 0 | ‑250 | ‑950 | ‑1,000 | ‑1,050 | ‑3,250 |
| Growing Jobs and Small Business – expanding accelerated depreciation for small businesses | 0 | ‑250 | ‑800 | ‑850 | 150 | ‑1,750 |
| Personal income tax – modernising the methods used for calculating work-related car expense deductions | 0 | 0 | 270 | 280 | 295 | 845 |
| Strengthening Australia’s foreign investment framework | 0 | 81 | 166 | 199 | 205 | 651 |
| Personal income tax – changes to tax residency rules for temporary working holiday makers | 0 | ‑1 | 98 | 218 | 220 | 535 |
| GST – compliance programme – three year extension | 0 | 0 | 132 | 160 | 153 | 445 |
| Cost Recovery of Citizenship and adjustment of Visa Application Charges | 0 | 103 | 109 | 111 | 113 | 437 |
| Personal income tax – better targeting the Zone Tax Offset to exclude ‘fly-in fly-out’ and ‘drive-in drive-out’ workers | 0 | 0 | 105 | 110 | 110 | 325 |
| Introducing a cap for salary sacrificed meal entertainment and entertainment facility leasing expenses | 0 | 20 | 85 | 90 | 100 | 295 |
Total |
0 |
‑297 |
‑785 |
‑681 |
296 |
‑1,467 |

