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Federal Budget

Tripling the tax-free threshold

The tax-free threshold will triple from its current limit of $6000 to $18,200 in 2012/13. Those taxpayers earning less than $80,000 per annum will get a tax cut, with most receiving an additional $300 per year.

Federal Budget

New Supplementary Allowance

Good news for those receiving Newstart Allowance with an additional payment to be paid from March 2013. The Supplementary Allowance will be paid in two instalments each year. Eligible singles will receive $210 per annum, with couples receiving $350 per annum.

Federal Budget

Commemorating the Centenary of ANZAC

2015 sees the centenary of the Gallipoli landings and $83.5 million has been committed over seven years to commemorate 100 years since Australia’s involvement in WWI.

Federal Budget

Better health

The Government will invest $61 billion in 2012/13 to improve access to health care, new hospitals, mental health reforms and e-Health.

Federal Budget

National Disability Insurance Scheme

An NDIS will fundamentally change the way disability care and support is provided

Federal Budget

Where the savings will come from

The Government will make $33.6 billion worth of savings to fund the return to surplus promised in 2012/13. Less than half of these savings will come from taxes.

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