House debates

Tuesday, 29 May 2018

Statements by Members

Budget

1:31 pm

Photo of George ChristensenGeorge Christensen (Dawson, National Party) Share this | | Hansard source

The budget the Treasurer delivered earlier this month has been a resounding success in my electorate: 66,590 taxpayers are going to benefit from low- and middle-income tax relief in the 2018-19 financial year. For instance, a high school teacher in my electorate earning $75,000 will have $530 in their pocket back from budget year onwards, with an extra $3,740 in their pocket over the first seven years of the tax plan. A shop assistant on $50,000 likewise will have an extra $530 of their own money back in their pocket from the budget year onwards, an extra $3,740 over the first seven years of the tax plan, as that tax relief increases.

On 2 July, our new child care system will come into place, with 5,277 local families in my electorate standing to benefit from those reforms. Children across Australia of preschool age are going to benefit from a multi-million-dollar preschool funding boost. We're ensuring that 1,965 children in North Queensland can access 15 hours of quality early learning in the year before school. One of the most popular policies with small business, the instant asset write-off, will be extended by a further year. More than 1,000 North Queensland businesses have already benefited from that measure. Small business is the engine room of the economy. They are growing jobs and creating economic growth. The Liberal-National government has helped them to do that with a strong economy, delivered through the budget. (Time expired)