The Albanese Labor Government’s 2023/24 Budget locks in significant benefits for Barton with families and businesses set to see cost-of-living support flow.
Cost of living support:
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Cheaper Childcare for 7,100 families in Barton from 1 July 2023.
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Cheaper Medicines for 35,912 people in Barton who will be able to buy two months’ worth of medicine for the price of a single prescription (capped at $30) for more than 300 PBS medicines.
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$500 Energy bill rebate for 1.6 million households in NSW.
Support for those that it the most:
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6,425 people in Barton who will receive $40 per fortnight increases to JobSeeker, Austudy and Youth Allowance payments.
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300 Jobseeker recipients in Barton, aged 55 to 59, who have been receiving the payment for nine or more continuous months, will receive $92.10 more per fortnight.
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245 single parents in Barton will receive the Parenting Payment until their youngest child turns 14, up from eight-years-old.
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6,050 local households eligible for Maximum Commonwealth Rent Assistance rates will receive $31.36 extra per fortnight.
Delivering for small businesses:
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A temporary increase to the instant asset write-off threshold to $20,000 for 1.18 million small businesses in New South Wales.
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$650 electricity bill relief for 322,000 small businesses who meet the definition of an ‘electricity small customer’.
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Introduction of a Small Business Energy Incentive to provide a temporary bonus 20 per cent tax deduction for expenditure up to $100,000 to help businesses electrify and improve energy efficiency.
Quotes attributable to Member for Barton, Linda Burney:
“This Budget provides cost of living relief for people that are struggling to make ends meet.
“We’re getting wages moving again and providing targeted financial relief to those who need it most.
“After nearly a decade of waste and neglect, the Albanese Labor Government is working hard to deliver the better future that Australians voted for.”
Quotes attributable to Treasurer Jim Chalmers:
“We made a promise to the Australian people, that after a wasted decade we would work hard every day.
“This Budget is about delivering a stronger foundation for a better future.
“Labor is delivering the positive and lasting change that Australians voted for, by making childcare cheaper, expanding paid parental leave, delivering fee-free TAFE, saving households money on their power bills, making medicines cheaper and getting wages moving again.”
