1:17am Thursday, 17 January BlueMountainsAustralia.com
Blue Mountains News
The Budget Delivers for the People of Macquarie
“The Turnbull Government is giving hard working Australians in Western Sydney the opportunity to benefit from tax relief for individuals and small to medium businesses, more job opportunities and incentives, while ensuring record funding of essential services such as schools, hospitals, aged care and disability services,” Senator Payne said.
Backing Working Australians
“We are providing responsible tax relief – starting in the Budget year for low and middle income earners – to ensure Australians keep more of their hard earned income. We are also lifting tax brackets over time to ensure wages are not eaten up by higher taxes,” Senator Payne said.
“There are 63,435 taxpayers in Macquarie who stand to benefit from the low and middle income tax relief measure in the upcoming 2018-19 financial year,” Senator Payne said.
- A high school teacher on $75,000 in Macquarie will have an extra $530 in their pocket from the Budget year onwards, with an extra $3,740 in their pocket over the first seven years of the tax plan.
- A workshop manager on $88,000 in Macquarie will have an extra $575 in their pocket from the Budget year onwards, with an extra $4,055 in their pocket over the first seven years of the tax plan.
- A shop assistant on $45,000 in Macquarie will have an extra $440 in their pocket from the Budget year onwards, with an extra $3,380 in their pocket over the first seven years of the tax plan as the tax relief increases.
- A hairdresser on $50,000 in Macquarie will have an extra $530 in their pocket from the Budget year onwards, with an extra $3,740 in their pocket over the first seven years of the tax plan as the tax relief increases.
- A take away fast food operator on $42,000 in Macquarie will have an extra $350 in their pocket from the Budget year onwards, with an extra $3,020 in their pocket over the first seven years of the tax plan as the tax relief increases.
- An accountant on $87,000 in Macquarie will have an extra $530 in their pocket from the Budget year onwards, with an extra $3,740 in their pocket over the first seven years of the tax plan.
“The Turnbull Coalition Government is banning exit feeds on superannuation accounts for when you change funds, and we will stop superannuation funds from forcing young people under 25 or with a low balance to pay for life insurance policies they have not asked for or do not need,” Senator Payne said.
“Through the ATO we will be proactively finding your lost super and have it sent to your active superannuation account, ensuring it doesn’t get eaten up in ongoing fees.”
Better Child Care
“On July 2, our new child care system will come into place, with 5,610 local families in Macquarie standing to benefit from these reforms,” Senator Payne said.
The National Partnership Agreement on universal access to early childhood education will be extended for a further year at a cost of $440 million.
“We know that childcare is very important to help Macquarie families balance work and care responsibilities,” Senator Payne said.
“We are making child care more accessible and affordable – providing the greatest level of assistance for those that need it the most.
More Affordable Electricity and Gas
“The Turnbull Coalition Government is implementing a National Energy Guarantee to ensure that Australian families and businesses can have reliable and affordable energy,” Senator Payne said.
“We are repairing energy markets so they put consumers first, making the energy companies’ work harder in giving households and businesses the best deal. We have secured agreements from gas companies to guarantee supply, pushing down prices."
A Stronger Economy for More Jobs
“We understand it is local business that is the backbone of the economy, so we have delivered small and medium business tax cuts – benefiting over three million small and medium businesses that employ over half of working Australians,” Senator Payne said.
“This will help the 15,921 local businesses – with turnovers up to $50 million if they are incorporated, and up to $5 million if they are unincorporated, in Macquarie invest, employ and pay their workers more.”
Extending the Instant Asset Write Off for Small Business
“This Budget extends the popular instant write off for small businesses for a further 12 months. Small businesses with turnovers up to $10 million can benefit from writing off assets costing less than $20,000,” Senator Payne said.
“Well over a thousand local businesses in Macquarie have benefited from this popular small business measure that has now been extended.”
Western Sydney City Deal
“The Western Sydney City Deal is a huge win for Western Sydney residents, which is set to deliver community facilities, jobs, rail connectivity, skills and education pathways and a more liveable community,” Senator Payne said.
“The Australian Government has committed $125 million in funding to the Western Sydney City Deal. This unprecedented 20-year deal brings together the Federal and NSW Governments with the Blue Mountains, Camden, Campbelltown, Fairfield, Hawkesbury, Liverpool, Penrith and Wollondilly local governments in Western Sydney.
“At the cornerstone of the Western Sydney City Deal, the Australian Government has partnered with the NSW Government to commit to $34.9 million for a case study into the first stage of the North South Rail Link from St Marys to the future Badgerys Creek Aerotropolis via Western Sydney Airport,” Senator Payne said.
“Initiatives include an Aerotropolis employment precinct with jobs in knowledge-intensive industries, a North-South Rail Link from St Marys to Badgerys Creek Aerotropolis via the Western Sydney Airport; a Western Sydney Parkland Liveability Program to deliver community facilities and a new planning regime for Western Sydney to cut development costs and boost housing supply.”
The following Commonwealth funded projects are ongoing in 2018-19:
Great Western Highway – Katoomba to Mount Victoria Safety Upgrades
Federal contribution - $31.2 million
Budget allocation 2018-19 - $24.5m
The following projects are completing in 2018-19:
Federal contribution - $20m
Budget allocation 2018-19- $800,000
Ross Street Intersection
Federal contribution - $2.5m
Budget allocation 2018-19 - $500,000
Overall total Federal contribution – $53.7m
Total Budget allocation 2018-19 - $25.8m
National Stronger Regions Fund
The National Stronger Regions Fund invests in infrastructure projects that focus on strengthening Australia’s regions by improving the productivity, employment and workforce skills of Australians.
Upgrade of Tourism Infrastructure at Katoomba
Federal contribution - $3.59m
Budget allocation 2018-19 - $107,764
Stronger Communities Programme
The Stronger Communities Programme offers grants from $2,500 to $20,000 to fund small capital projects that deliver social benefits.
Federal contribution - $385,708
Roads to Recovery
The Roads to Recovery Program is provided to all local government authorities to assist them in maintaining and upgrading local roads.
Blue Mountains City Council
2018-19 Budget Allocation - $828,607
Urban Congestion Initiative
“In the 2018-19 Budget we are continuing our ongoing commitment to alleviate congestion through our targeted $1 billion Urban Congestion Initiative,” Senator Payne said.
“In the 10 years from 2018-19, the Government will focus on alleviating this burden by investing in projects in urban areas which address pin points and access to airports, ports and freight hubs.”
Guaranteeing Essential Services that Western Sydney Residents Rely On
Fully Funded Hospital Plan
“Under the new agreement, NSW public hospitals will receive over $39.5 billion over the five years to 2024-25, delivering an additional $8.94 billion in funding compared to the previous five years. This is a funding increase of 29 per cent,” Senator Payne said.
Supporting Mental Health
“Lifeline Australia will receive additional support, as will funding for Mental Health Research, with $125 million over 10 years from the Medical Research Future Fund,” Senator Payne said.
Supporting Older Australians Stay in Their Homes
“We are helping older Australians stay in their home for longer through more high level home care packages. In this Budget we are funding more than 14,000 additional places,” Senator Payne said.
“We are also ensuring better quality of care and greater transparency of care to protect older Australians who can no longer stay at home.
“Further, we are investing in skills programs for workers over 45 years; allowing people on the Age Pension to keep more of what they earn from part time work and extending this to those on the pension who are self-employed; expanding the Pensions Loans Scheme to all people of Age Pension age; and allowing recent retirees to make further contributions to superannuation,” Senator Payne said.
“We are supporting the 24,227 people aged over 65 and their families in Macquarie to live longer, happier and healthier lives.
Fully Funding the NDIS
“This Budget guaranteed the funding of the National Disability Insurance Scheme (NDIS). Once fully rolled out, the NDIS will directly help an estimated 3,348 people and their families in Macquarie,” Senator Payne said.
Affordable Access to More Lifesaving Medicines
“The Budget will ensure residents in Macquarie will have affordable access to medicines,” Senator Payne said.
The Coalition Turnbull Government is:
- Giving affordable access to new medicines to treat conditions like spinal muscular atrophy and breast cancer.
- Over 3,000 patients fighting breast cancer will benefit from the listing of Ribociclib (Kisqali) on the PBS from 1 July 2018. The Government will provide funding of $704 million for this important breast cancer medication. Without subsidy this drug would cost patients more than $71,800 per year.
- Drugs like Spinraza – to treat Spinal Muscular Atrophy would normally cost $367,850 a year for the medicine. This listing will now mean they only pay a maximum of $39.50 per script, with concessional patients paying just $6.40.
- Since coming into Government, the Coalition has helped improve the health of Australians by subsidising more than $8.3 billion worth of new medicines.
- Unlike Labor, we are subsidising all drugs recommended by the PBAC.
- Labor delayed the listing of seven vital drugs – leaving important medicines out of reach for many Australian patients.
Funding for Sport and Active Lifestyles
“We will provide $154 million nation-wide to promote active and healthy living, including $83 million to improve existing community sport facilities, and to expand support for the Sporting Schools and Local Sporting Champions programs,” Senator Payne said.
Fair Funding for Schools
“We are delivering real money for our schools to deliver better results for our children. This is delivering on the needs-based funding model recommended by David Gonski,” Senator Payne said.
“We are also making sure our record and growing school funding delivers a quality school education so every student in every school in Macquarie is given an opportunity to succeed and thrive.
Funding for Pre-school Children
“Children of pre-school age in Macquarie will benefit from a nation-wide multi-million dollar preschool funding boost,” Senator Payne said.
“We are ensuring that 2,087 children in Macquarie can access 15 hours of quality early learning in the year before school.”
For more information on the 2018-19 Federal Budget and how it will benefit you and your family, visit the 2018-19 Federal Budget website below.
This article archived 10 Jul 2018
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