Looks like no increase in Jobseeker (big miss IMO). Everything was pre-released, so no big announcements.
- Biggest cost of living relief is the stage 3 tax cuts
- $300 for energy bill relief for all Australian households, beginning July 1 (eligible small businesses will receive $325)
- 10% increase to Commonwealth Rent Assistance ($1.9 billion)
- Cheaper medicines under the Pharmaceutical Benefits Scheme (PBS)
- Waiving $3 billion of student HECS-HELP debt (and adjusting the indexation rate)
- Aim to build 1.2 million homes ($6.2 billion)
- Superannuation to be paid on all government-funded paid parental leave ($1.1 billion)
- Limit university students based on how much student housing they build
- Sunshine Coast rail link
Queenslanders are also getting a $1000 rebate from the state government. So in total, $1300 off our energy bills in the next financial year.
Kind of shocked the federal government are giving $300 to every household.
So glad they sold the power companies that they can give every house $300 to pay them.
I don't pay any attention to this stuff at all. I should probably feel guilty about that, but I honestly just sort of trust the super-engaged to keep the government of the day to account.
Thanks for this thread, I wouldn't have even known about the budget and the main points of what is in it without it.
- 29 Medicare urgent care clinics ($227 million)
- National digital mental health service + other services ($361 million)
- Aged care ($2.2 billion)
- NDIS crack down on fraud ($469 million)
Here’s what we know already: https://www.abc.net.au/news/2024-05-14/federal-budget-2024-chalmers-tax-cuts-cost-of-living-surplus/103810306
