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Labor Senate Report, Budget News 2011
Labor Senate Report, Budget News 2011
Labor Senate Report, Budget News 2011
Budget News
Dear Resident,
130,000 new This budget will get us back in
training places the black, get more Australians
in jobs and spread the
As part of a $3 billion package to deliver the
opportunities of the mining
skilled workers the economy needs. boom.
It will further strengthen the
nation’s economy by making
fAMILY TAX important investments in
BENEFIT-a rates workplace training and
increased education.
FTB-A rates to be increased to assist It also invests in the wellbeing
families with 16 - 19 year olds in full time of our communities by
secondary study or training. providing unprecedented
support to mental health
services.
Supporting
senior Australians
who want
to work
A new Work Bonus for pensioners over the pension
age so they can now keep more of their pension
while working part-time.
Education
A further $10.4 million over four years to continue
to support 2,000 Broadband for Seniors kiosks
established across the country.
And cutting unnecessary spending to take pressure off inflation and make sure the budget doesn’t add to
price pressures.
Giving 6.5 million taxpayers up to $300 more of the Low Income Tax Offset (LITO) in their pay
packets, rather than at the end of the year.
Letting families choose to have child care rebates paid when it suits them, such as fortnightly,
cutting down on up-front bills.
Extending the Education Tax Refund to cover school uniforms, from 1 July 2011.
Delivering an improved pension work bonus so that age pensioners can keep more of their
income from work.
In addition to the measures in this budget, we have delivered income tax cuts since coming to
office meaning that:
– A person on $30,000 will have had their annual tax bill cut by $750, or 23%.
– A person on $50,000 will have had their annual tax bill cut by $1,750, or 17%.
– A person on $80,000 will have had their annual tax bill cut by $1,400 or 7%.
And we have increased fortnightly payments for veterans’ income support recipients and
people on aged, disability and carer pensions, meaning a $128 boost for singles and a $116
boost for couples on the maximum rate since September 2009.