I'll link to ABC when summary article becomes available. Meanwhile, here's the prediction from SMH
- Lots of infrastructure spending & manufacturing aids
- Supplements to salaries of apprentices & trainees
- Income tax cut brought forward to this year
I think most relevant to majority of OzBargainers here would be the tax cut.
The tax plan means people who earn between $45,000 and $90,000 will take home an additional $1,080 this financial year.
Workers who earn more than $90,000 will take home up to $2,565 extra, with people earning more than $120,000 receiving the maximum benefit.
Government would be hoping that with more disposable income, people will be spending more to add a bit of boost to the economy. However the question for the ozbargainers is — will you spend your up to $2.5k tax cut this year? If so, how would you spend it?