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    Carbon Tax Repeal To Fill Concession Gap: Media Statement

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    1) The removal of the carbon tax will more than offset the reduction in the federal government's funding for electricity bill concessions for pensioners. 2) The federal government contribution to the electricity bill concession for pensioners was only 10-15% according to analyses, which equates to less than $43 per year. 3) Repealing the carbon tax, which accounts for about 7% ($98.50) of the average annual electricity bill, will save households $55.50 per year on power bills.

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    Carbon Tax Repeal To Fill Concession Gap: Media Statement

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    api-146942201
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    1) The removal of the carbon tax will more than offset the reduction in the federal government's funding for electricity bill concessions for pensioners. 2) The federal government contribution to the electricity bill concession for pensioners was only 10-15% according to analyses, which equates to less than $43 per year. 3) Repealing the carbon tax, which accounts for about 7% ($98.50) of the average annual electricity bill, will save households $55.50 per year on power bills.

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    1) The removal of the carbon tax will more than offset the reduction in the federal government's funding for electricity bill concessions for pensioners. 2) The federal government contribution to the electricity bill concession for pensioners was only 10-15% according to analyses, which equates to less than $43 per year. 3) Repealing the carbon tax, which accounts for about 7% ($98.50) of the average annual electricity bill, will save households $55.50 per year on power bills.

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    46 views1 page

    Carbon Tax Repeal To Fill Concession Gap: Media Statement

    Uploaded by

    api-146942201
    1) The removal of the carbon tax will more than offset the reduction in the federal government's funding for electricity bill concessions for pensioners. 2) The federal government contribution to the electricity bill concession for pensioners was only 10-15% according to analyses, which equates to less than $43 per year. 3) Repealing the carbon tax, which accounts for about 7% ($98.50) of the average annual electricity bill, will save households $55.50 per year on power bills.

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    of 1

    Forimmediaterelease4June2014

    MEDIASTATEMENT
    Carbontaxrepealtofillconcessiongap
    THEremovalofthecarbontaxwillmorethancompensateforthereductioninthefederalgovernments
    shareoffundingforpensionerconcessionsonelectricitybills.
    TheStateGovernmentwasresponsibleforfundingthebulkoftheconcessionandIhavereceived
    correspondencefromasenioradvisortotheQueenslandTreasurershowingtheFederalGovernment
    portionofthepensionerconcessionwasonly15%.However,anindependentanalysisoftheconcession
    fundingbytheAustralianInstituteofHealthandWelfaresettheFederalShareataround10%.
    AQueenslandGovernmentadvisorhasproventhatFederalcontributionsmadeupnomorethan15per
    centoftheconcession.Therebateforelectricityisabout$282.54soifwetakethe15%figure,theFederal
    contributionwaslessthan$43peryear.AccordingtotheQueenslandGovernment,7%ofanaverage
    electricitybillcomesfromthecarbontax*,whichequatesto$98.50ayear(onanaverageannualpower
    billof$1407**).Thisrepresentsanetsavingof$55.50oneachhouseholdpowerbill,althoughthatsaving
    riskserosionbytheconstantelectricitypricehikesproposedbytheQueenslandCompetitionAuthority.
    TheLiberalNationalGovernmentiscommittedtorepealingthecarbontaxtoeasethecostoflivingfor
    pensionersandforallQueenslandfamilies.
    QueenslandfaredwellfromthefirstAbbottGovernmentbudget,receivinganextra$3.2billioninfunding
    overthefouryearsto201617,whichismoneyQueenslanddidnotexpecttoreceivepreviously.
    NextfinancialyearQueenslandwillreceivemorethan$21.5billioninfundingfromtheCommonwealtha
    realincreaseof5.5%fromthisfinancialyear.Oncomingtooffice,theAbbottGovernmentreinstated
    nearly$800millionofschoolfundingthatBillShortensecretlyrippedawayfromQueenslandinthedying
    daysoftheLaborGovernment.
    Wearemakingarecord$13.4billioninvestmenttobuildtheinfrastructureofthe21
    st
    Centuryfor
    Queensland,including$6.7billionfortheBruceHighway.
    RepealingthecarbontaxwillsavetheQueenslandGovernmentaround$150millionnextyearalone.
    *http://www.dews.qld.gov.au/energywaterhome/electricity/prices/carbontaxrenewableenergy
    target?SQ_DESIGN_NAME=printguide
    **http://www.news.com.au/national/breakingnews/qldpowerbillstoriseby191/storye6frfku9
    1226937030352

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