Wednesday, 12 May 2021
Budget delivers boost for aged care and tax cuts to rebuild economy
A substantial investment in Aged Care, tax cuts for low-and middle-income earners, wage subsidies for apprentices, more funding for mental health and support for women leaving domestic violence are just some of the measures announced in last night’s Federal Budget.
Federal Member for Hinkler Keith Pitt said the 2021-22 Budget was about securing Australia’s recovery from the Covid-19 pandemic and building the future.
“Throughout the pandemic we saw record levels of support from the Government for families, businesses and industries which saved lives and livelihoods.
“As we continue on the path to recovery and the economy bounces back, that support will continue.
“Nearly $18 billion in new funding has been committed to significantly improve the aged care system which will benefit the more than 36,000 senior Australians living in Hinkler.
“This investment will deliver more home care places, more funding for residential aged care and increases the amount of time resident are cared for while strengthening regulators to monitor and enforce the standards of care.
“Around 47,800 taxpayers in Hinkler will benefit from tax relief – $1,080 for individuals or $2,160 for couples – which means more money in their pocket.
To cut the cost of living for around 1,230 families in Hinkler and to help boost workforce participation, the Government is making an additional $1.7 billion investment in childcare.
Child care subsidies available to families with more than one child aged five and under in child care will increase and the $10,560 cap on the Child Care Subsidy will be abolished.
“The Government is extending the Boosting Apprenticeship Commencements program, paying businesses a 50 percent wage subsidy over 12 months for new apprentices or trainees signed up by 31 March 2022.
“The instant asset write-off has been extended once more, which helps businesses invest – from tradies and farmers buying vehicles, to major manufacturers expanding production lines.
“Further mental health funding will provide a new network of 40 Head to Health centres and more services through Medicare, as well as additional support for children under 12.
“A two-year trial of a new Escaping Violence Payment for women leaving a violent relationship will provide women with access of up to $5,000 in financial assistance, including a cash payment, to establish a home free from violence.”
The Australian Government has committed funding to continue to improve Cashless Debit Card technology, support for vulnerable Income Management participants and engagement on future options for the program.
A $30 million Jobs Fund and job ready initiative will look at creating employment opportunities for individuals in the four Cashless Debit Card sites, including Hinkler.
As announced on Monday, the Maryborough-Hervey Bay Road and Pialba-Burrum Heads Road intersection will receive a $44 million upgrade, to improve road safety, with $35.3 million from the Federal Government.
For more information on the Budget visit www.budget.gov.au.