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Albanese flags HECS overhaul in budget
The Albanese Government is expected to change the rate and timing of HECS indexation in the federal budget as people grappling with massive student debt brace for another large rise in June. Source: The Age.
Inflation still a Budget concern: Albanese
Prime Minister Anthony Albanese has further dampened the hopes of those looking for welfare increases in the May Budget, saying it was important that fiscal policy matched monetary policy to see off inflation. Source: Australian Financial Review.
Advocates urge immediate increase to JobSeeker payments
Some of Australia’s lowest income earners are struggling to stay financially afloat as JobSeeker payments fail to keep up with rising living costs, advocates warn. Source: The Australian.
Pressure mounts on Government to overhaul ‘unfair’ HECS system
Former Treasury Secretary Ken Henry has backed an urgent overhaul of the Higher Education Contribution Scheme (HECS) system, saying it is worsening the inequality gap between younger Australians and older generations. Source: 9news.com.au.
Albanese hints at Budget help with energy bills
Households hoping for cost-of-living relief will welcome comments from Prime Minister Anthony Albanese yesterday that hinted at extended energy price help in this year’s federal Budget. Source: 9news.com.au.
Hundreds tell Senate committee they are struggling to afford the basics
A Senate committee which launched an inquiry into the cost of living asked Australians to share their experiences and they have responded – more than 900 by the latest count. Source: ABC News.
Five million Australians to benefit from boost to welfare payments
Recipients of the age and disability support pensions, carers and single parents are among the five million Australians who will receive boosts to their payments this month as indexation is applied to the benefits. Source: The Australian.
Labor’s reworked stage 3 tax cuts pass Senate
The Albanese Government’s reworked stage 3 tax cuts passed the Senate yesterday, giving every working Australian a reduced tax bill as politicians look for solutions to the cost-of-living crisis. Source: 9news.com.au.
New ACT Vinnies chief says housing crisis a ‘national emergency’
The St Vincent de Paul Society ACT’s new president has described Australia’s rise in the cost of living and housing unaffordability as both a crisis and a national emergency. Source: Catholic Voice.