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

  • Environment, Political
  • 01/03/2024
  • 08:00
The Australia Institute

***MEDIA ALERT*** Tasmanian, federal independents advocate for pathway out of native forest logging

Media alert | Friday, 1 March 2024 Tasmanian independent MP for Bass Lara Alexander, federal independent MP for Mackellar Sophie Scamps and Australia Institute Executive Director Richard Denniss will hold a media conference in Launceston today following Premier Jeremy Rockliff’s decision to expand logging. It will be followed by a public forum with Dr Scamps and Dr Denniss, A Pathway Out of Native Forest Logging, from 1pm. Where: Launceston Conference Centre (auditorium 2) When: 12.30pm Friday, 1 March 2024 Who: Lara Alexander, Tasmanian independent MP for Bass Dr Sophie Scamps MP, federal independent member for Mackellar Richard Denniss, Executive Director…

  • Finance Investment, Political
  • 01/03/2024
  • 06:01
Super Members Council

Pandemic super withdrawals could cost taxpayers $85 billion

New analysis shows the COVID-era Early Release of Super Scheme could hit Australian taxpayers with an up to $85billion bill (in today’s dollars) - mostly due to the higher pension costs of those who withdrew their savings needing to rely more heavily on government support in retirement. All of today’s 20-year-olds are projected to pay about $3,000 more tax to cover the higher pension bill caused by the scheme, which saw 3 million Australians withdraw $38 billion from super before retirement. The new Super Members Council modelling shows the early release scheme’s costs in higher pensions and lower super tax…

  • Contains:
  • Political, Union
  • 01/03/2024
  • 05:45
Unions NSW

Unions push phased pokie reduction

The Annual General Meeting of Unions NSW has resolved to push for a phased reduction in poker machine numbers over the next five years to bring the state closer to the number of pokies per head of population in Queensland and Victoria. A motion passed at last night’s AGM calls for NSW to reduce the number of poker machines in the state by at least 25,000 over the next five years. It notes that NSW currently has more poker machines than Queensland and Victoria combined. While there are approximately 227 people for every pokie in Victoria and 109 per pokie…

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.