Address to the House of Representatives, Statements by Members - Budget

Wednesday 15 May 2024

Last night, the Treasurer delivered a budget for all Australians, not just for the fortunate few or the fortunate few electorates. We on this side recognise that Australian families are under pressure, and that's why in this budget we are responsibly easing that pressure with measures that will also reduce inflation.

Nearly 16,000 residents in Bean will benefit from this budget's wiping of $3 billion worth of debt from HELP and HECS debts, and, from 1 July next year, teaching, nursing, social work and midwifery students doing their mandatory placements will be able to access nearly $320 in weekly payments to support them during those placements. All households in Bean and right across Australia will be able to access a $300 power bill relief rebate, with eligible small businesses being able to access $325 in power bill relief. In addition to this, 82,000 taxpayers in Bean—every single taxpayer—will receive a tax cut on 1 July this year. On average, a taxpayer in Bean will be $1,800 better off. That's more money back into household budgets. A future made in Australia will also be made here in the ACT—an Australia that will be a renewable energy superpower. This is a true Labor budget because it keeps to our commitment of no-one left behind and no-one held back. It deals with cost-of-living pressures now but invests in all Australians' future.