Daniel Mulino (Fraser, Australian Labor Party) | Hansard source

Happy 1 July to the residents of Fraser and, indeed, all Australian households. This 1 July is particularly important, as all taxpayers in Fraser will be receiving a significant tax cut. We understand that people are doing it tough. Our refined stage 3 tax cuts will ensure that taxpayers who need relief the most will get it, as opposed to the plan supported by those opposite, which would have seen benefits largely going to high-income earners. If you earn $45,000 you will receive an annual tax cut of over $800 from today; that's compared to absolutely nothing if the plan of those opposite had gone ahead. If you earn $70,000 you'll receive an annual tax cut of over $1,400, compared to just $625 according to the plan of those opposite. Eighty-seven per cent of taxpayers in Fraser will receive bigger tax cuts under this government than they would have under the opposition's plan.

In addition, from today every household will receive $300 in energy bill relief, with $325 for small businesses. We know that high global energy prices are still being felt right around the country. Also, on this important 1 July, wages for those on minimum and award wages will increase by 3.75 per cent—a responsible and much-needed increase. With the tax cuts, wage rises and other measures, this government will help households earn more and keep more of what they earn.

See this speech in context