Skip to content
Political, Taxation

ACOSS welcomes changes that make stage three fairer

ACOSS 2 mins read

Media release | Thursday, 25 January 2024 

ACOSS CEO Cassandra Goldie said:

“ACOSS commends the Albanese Government for taking action to make the stage three tax package fairer.

“The previous package overwhelmingly benefited people on higher incomes.

“With people on low and modest incomes facing a serious cost of living crisis, we had repeatedly urged the Albanese Government to not proceed with giving the most dollars to people on the highest incomes. 

“The changes announced today are a better deal for people earning low, modest and middle incomes, including people earning under $45,000.

“We are pleased the Albanese Government has listened to the community to make the package fairer. 

“However, it is important to highlight that this revised package does not yet help people on the lowest incomes facing the most severe crisis: people whose incomes are below the tax threshold and pay no tax.  

“It also is yet to address our revenue challenge, which remains. Australia is already the 9th lowest taxed amongst 40 OECD countries.

“People receiving income support payments are worst affected by the cost-of-living crisis.

“Right now, we’re hearing about people sleeping in tents, regularly skipping meals and going without essential medication. Last week, I spoke to a woman who has saved money to buy camping equipment because she is facing imminent homelessness. She will see no benefit from tax cuts and faces losing her home.

“JobSeeker and related payments must be urgently raised and without further delay. Our unemployment payment is just $54 per day, or $19,000 per year. The government must not leave behind the people already in poverty.

“It is wrong for one of the world’s wealthiest nations to continue condemning people on low incomes to poverty. 

“We urge the Prime Minister to address the missing piece. We must now help people most in need by raising the rate of JobSeeker and related payments to at least $78 a day.”

Background key facts:

  • Australia raises less revenue from personal income tax (18% GDP) than the OECD average (21% GDP).

  • The overall tax rate for an average full time worker is lower in Australia than in the US (23% of income compared to 25%).

  • Australia is the 9th lowest taxing country among 40 OECD countries.

Media contacts:
Georgie Moore
0477 779 928

Charlie Moore
0452 606 171

More from this category

  • Political
  • 15/06/2024
  • 10:30
Electrical Trades Union - Maritime Union of Australia

Offshore wind a winner for Wollongong

The Electrical Trades Union of Australia (ETU) and Maritime Union of Australia (MUA) applaud further progress toward the development of Australia’s offshore renewable energy with today’s announcement the Albanese Government has declared an offshore wind zone in the Pacific Ocean off the Illawarra in New South Wales. This announcement is another key step to delivering both energy and job security in a region home to key industrial processes that require careful long-term planning. The ETU and MUA said the Government’s commitment to building renewable infrastructure in Australia would support heavy industry with cheaper renewable electricity, maximising local content and workers,…

  • Finance Investment, Political
  • 12/06/2024
  • 09:34
Super Members Council

Dodgy financial advisers who use click-bait and cold calls to drum up business should be put in the legal freezer

Anti-hawking laws should be tightened, and current consumer protections locked into law to stop dodgy financial advisers using click-bait social media posts, cold-calls and pressure sales tactics to move unsuspecting Australians into a dud super fund and charging them thousands in fees, the Super Members Council says. The Super Members Council is calling for the Australian Government to extend anti-hawking laws, so it bans a small subset of financial advisers from using cold-calling businesses to get clients. Parliament should also swiftly pass the financial advice legislation currently before it, which locks into law the current robust consumer protections that require…

  • Contains:
  • Government Federal, Taxation
  • 12/06/2024
  • 09:31
Australian Taxation Office

ATO warning to rental property owners: don’t let your tax return be a ‘fixer-upper’

The Australian Taxation Office (ATO) is warning rental property owners that their tax returns are in the spotlight this tax time. ATO Assistant Commissioner Rob Thomson explained the ATO has found the majority of rental property owners are making errors in their tax returns, despite 86% using a registered tax agent. The most common mistake is not understanding what expenses can be claimed and when. In particular, the difference between what can be claimed for repairs and maintenance versus capital expenses. Other mistakes on the ATO’s radar include overclaimed deductions and a lack of documentation to substantiate the expenses claimed.…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.