Cost of Living Relief

Address to the House of Representatives, Statements by Members - Albanese Government

Monday 18 March 2024

The Albanese government's priority remains the same: deliver responsible cost-of-living relief and improve the lives of all Australians. This government's cost-of-living tax cuts will soon ensure that every Australian will keep more of what they earn. Our tax cuts are good for middle Australia, good for women, good for helping with cost-of-living pressures, good for labour supply and good for the economy. Some 82,000 taxpayers will now be seeing an average tax cut of $1800 per year, and some 68,000 taxpayers will now be better off under these new tax changes.

Additionally, this government has committed $1.7 billion for the energy savings program, providing real financial support to households and businesses to invest in renewable energy and energy efficiency, which are cutting emissions and saving family budgets. On top of this, the government will now pay superannuation on its Paid Parental Leave scheme from 1 July next year. This will benefit about 180,000 families annually, ensuring Australians can have strong super balances and enjoy a comfortable retirement, and fixing a long-term anomaly in superannuation treatment.

While those opposite have blocked and opposed, we on the side are focused on delivering real cost-of-living relief and enduring reforms to improve the lives of all Australians.