The Labor Government is prioritising cost of living relief for everyday Australians.
Tax Cuts for Every Taxpayer
We’ve given all 13.6 million Australian taxpayers a tax cut
2.9 million lower income earners who were excluded from the Morrison Government scheme, are now getting a tax cut
11.5 million taxpayers are better off than they were under the Morrison Government scheme
Energy Bill Relief
In 2022, we passed emergency laws to give pensioners, veterans and concession card holders a $500 energy rebate, benefitting over 5.5 million households
In the 2023/2024 budget, we delivered a $300 energy rebate to every Australian household, and additional energy bill relief for small businesses
Cheaper Childcare
We’ve invested $4.7 billion over 4 years to make early education and care more affordable for 96% of families
Every family earning under $530,000 a year are now entitled to a subsidy, with an extra 10% subsidy for families earning under $80,000 per year
Cheaper Medicines & GP Visits
We’ve lowered the maximum cost of prescription medication on the PBS to just $31.60, saving Australians more than $250 million in 2023
We’ve introduced 60 day prescriptions for more than 300 medicines on the PBS, saving patients up to $189.60 per medicine per year
In the 2022/23 Budget, our government tripled the bulk billing incentive for GPs, helping nearly a million extra patients a month see the doctor for free
Wage Rise
With the support of the Albanese Labor Government, the Fair Work Commission announced a 3.75% increase in award wages
We’ve invested $20.7 billion to fund an average 23% pay rise for aged care workers
We’re also delivering a 15% pay rise for early childhood educators, and
Student Debt Relief
We’ve wiped more than $3 billion in student debt for more than 3 million Australians with student loans
We’ve capped the HELP Indexation rate so that student debt can never increase faster than average wage growth
A re-elected Labor government will cut a further 20% off every student's debt - that's $16 billion in student debt relief
Paid Parental Leave
We’ve invested $1.2 billion to expand the Paid Parental Leave Scheme to 26 weeks by 2026, benefitting over 180,000 families per year
From 1 July 2024, superannuation will be paid on Paid Parental Leave
Protecting consumers
We’ve given $30 million to the ACCC the help crack down on misleading and deceptive pricing by supermarkets
We’ve given $2.1 million to the ACCC to crack down on excessive surcharge fees, and we’ve announced a ban on debit card surcharges
