What the Budget means for Hasluck #3

The Turnbull Government is easing the cost of living for Australian families:

 

More Affordable Housing

“We are implementing sensible measures to make sure all Australians have affordable housing” said Mr Wyatt.

This budget includes measures to make more land available in areas well serviced by transport and jobs, crackdown on foreign investors who seek to exploit loopholes in our system and to ease the costs for young Australians looking to buy their first home.

A new National Housing Finance and Investment Corporation (NHFIC) will be established by 1 July next year to provide long term low cost finance to the community housing sector to support more affordable rental housing and incentivise affordable housing development.

The Turnbull Government will also support first home buyers by providing a tax cut for their deposit savings. First home buyers will be able to voluntarily contribute to their superannuation account, including through salary sacrifice arrangements, over and above their compulsory superannuation contributions, to build their first home deposit faster.

 

Childcare and Pre-school

“Childcare is incredibly important for families in Hasluck. There are currently 4,950 families in our electorate that use Government supported child care” Mr Wyatt Said.

Through reforms that recently passed through the Parliament, the Turnbull Government are making child care more accessible and affordable, providing the greatest level of assistance for those that need it most.

“We are also ensuring that children in Hasluck can access 15 hours of preschool a week under a new agreement for early childhood education” said Mr Wyatt.

More than 2,127 children in Hasluck are set to reap the benefits of the additional $2.6 million in funding for Hasluck announced by the Turnbull Government for preschool education.

 

Securing Affordable Energy

“The Government has ordered a review into retail electricity prices to ensure Australian families are not being ripped off and manufacturing jobs are secured” said Mr Wyatt.

The Government is providing a one-off Energy Assistance Payment this year of $75 for single recipients and $125 per couple for those eligible for qualifying payments on 20 June 2017 and who are residents in Australia. Qualifying payments include the Age Pension, Disability Support Pension, Parenting Payment Single, and a range of veteran’s payments. This will assist more than 19,700 people in our Hasluck community.

 

Greater Accountability for our Big Banks

At a time when many families are doing it tough we expect our big Banks to make responsible decisions and keep their senior executive pays in line with community expectations.

The Turnbull Government is making our financial system better for customers and taxpayers through greater competition, accountability and fairness. This will include a Banking Executive Accountability Regime, an investigation into financial system competition and a levy on large banks, securing $6.2 billion to support budget repair.