Last night the Federal Government handed down their budget for 2022-2023.
The questions from the budget are what’s in it for you and what’s in it for the Sunshine Coast?
- Halving fuel excise (22.1 cents per litre discount) for six months, from midnight Wednesday.
- $420 tax offset for people earning up to $126,000 per year, this is in addition to the current tax offset of $1080.
- Cheaper medicines by reducing the concessional and general PBS Safety Net thresholds from $1542.10 to $1457.10 for general patients and from $326.40 to $244.80 for concessional patients.
- Changes to Australia’s Paid Parental Leave Scheme.
- $250 cost of living assistance payment for pensioners and welfare recipients. Self-funded retirees may also be eligible depending on whether you pay tax on your income.
- $1.3 billion for a new National Plan to End Violence against Women and Children 2022-2032, which is being finalised with states and territories following 18 months consultation, including with victim-survivors.
For full details on all of the above tax cuts and benefits CLICK HERE
For full details on the halving of fuel excise CLICK HERE
Businesses will receive just some of the the following:
- Extension of the small business instant asset-write-off scheme for another year.
- New apprenticeships incentive scheme with benefits for both the Apprentice and the employer.
- $120 small business can access for a range of programs, including a $120 tax deduction for every $100 spent on training employees.
For full details on the above CLICK HERE
Sunshine Coast Infrastructure
- $1.6B Commitment to rail on the Sunshine Coast – this is subject to the Queensland State Government getting onboard to match the funding. This infrastructure promises from the state go back to 2005 and it is time that the Queensland State Government and get on board. I have been fighting for this piece of important infrastructure for the Sunshine Coast for nearly 20 years and will continue the fight as we are hopefully getting closer to getting it started. To keep the Sunshine Coast as a liveable region it requires this important rail infrastructure to connect SEQ and Maroochydore into the rail network. I will be debating in Parliament tonight that the State Labor Government immediately match the Federal Government commitment to ensure the rail from Beerwah to Caloundra to Kawana to Maroochydore is delivered.
