MORE STORIES

Federal Budget

Cancer screening funding - Budget 2011

With fewer than 40 per cent of bowel cancers being detected early, the need for a screening program is evident. Funding for this program ceased at the end of last year, however the 2011/12 Federal Budget has delivered $138 million over four years for a screening program targeting 55, 60 and 65 year olds, to facilitate a reduction in the number of people dying from the disease.

Federal Budget

Keeping seniors connected

Following on from the Broadband for Seniors initiative, further funding of $10.4 million will be provided over four years to support the 2,000 existing broadband kiosks around the country. An estimated 94,000 older Australians have utilised these kiosks to keep in touch with family and friends, or simply to find out what all this internet malarkey is about. More than a third of users had never used a computer before.

Federal Budget

Comprehensive and sustainable national aged care system – Budget 2011

With the Productivity Commission due to deliver its final report into redesigning Australia's aged care system next month, it will be interesting to see just how far the $55.4 billion committed over the next four years will go.

Federal Budget

An Age Commissioner - Budget 2011

We simply don’t believe it… buried in the fine print, there it was. The Government will provide $4 million over four years to fund a stand-alone Age Discrimination commissioner and support team in the Australian Human Rights Commission. nWhat does this mean for you?

Federal Budget

Workforce participation - Budget 2011

The two key elements to the package announced - Building Australia’s Future Workforce - are a $3 billion investment over six years in new skills initiatives and a boost in participation through improved incentives and services supporting disadvantaged Australians seeking work. This, the treasurer declares, will ‘ensure more Australians have the opportunity to share in the nation’s prosperity’.

Federal Budget

Skills initiatives - Budget 2011

The investment in skills has four prongs. Firstly, the National Workforce Development Fund created to deliver an estimated 130,000 training places tailored to industry needs. Secondly the streamlining, and in some cases fast tracking, of Australian Apprenticeships so more of the 400,000 apprentices complete the qualification, including a tax free bonus for those who reach key milestones in their training.

Federal Budget

Boosting participation - Budget 2011

Reforms include changes to the Low Income Tax Offset (LITO) and the phasing out of the Dependent Spouse Tax Offset (DSTO) for those born on or after July 1, 1971, support for disadvantaged groups including those with a disability and the long-term unemployed, a targeting of those suffering from geographic disadvantage and an increase in the number of skilled permanent migrants by 16,300 places.

Federal Budget

Work bonus - Budget 2011

This is not news, but was delivered as such in the Budget press releases today. Starting 1 July the revised work Bonus will allow age pensioners (particularly those with seasonal or project work) to earn up to $250 a fortnight without having this assessed under the pension income test. ‘Unused’ work bonus amount can be ‘banked’ up to a maximum of $6500, and this credit can be carried forward and used to offset earnings which might otherwise have been considered assessable. This change suits senior santas and exam supervisors in particular.

Federal Budget

Mental health - Budget 2011

‘Australians with a mental illness will get the care they need, when they need it, under a $2.2 billion reform package (over five years) for mental health services.’ Now that’s a big claim. We hope it is possible. The breakdown of core components of this program is as follows:

Federal Budget

Debbie's Budget Blog

The delivery of the 2011/12 Federal Budget was perhaps one of the least anticipated events on the political calendar, with little joy expected, especially for those struggling on an Age Pension or low income. However, that did not dissipate the excitement of attending the budget lock-up in Canberra for the first time.

OUR PARTNERS

household capital