News National Audit: What you need to know
Updated:

Audit: What you need to know

Share
Twitter Facebook Reddit Pinterest Email

The audit commission’s key recommendations include:

TAX

• Include the family home in a new means test from 2027.

• Allow states to impose personal income tax surcharge, offset by reduction in federal rates.

• Scrap Family Tax Benefit Part B and a new means test for Part A with maximum rate of payment reducing from at $48,837.

EDUCATION

• Shift responsibility for all schools policy and funding allocation to the States.

• Uni students to pay more for degrees and lower HELP repayment threshold to minimum wage.

JOBS / EMPLOYMENT

• Cut the minimum wage by around $130 over ten years, and allow the states and territories to set their own minimum wages.

INDIGENOUS AFFAIRS

• Consolidate 150 Commonwealth Indigenous programs into no more than seven programs

PENSIONERS

• Raise the pension age to 62 by 2027, and to 70 by 2053.

• Include the full value of family home in an assets test for new pensioners.

PAID PARENTAL LEAVE AND CHILDCARE

• Cap the Paid Parental Leave Scheme at maximum payment of $57,460.

• Scrap the child care rebate and child care benefit and replace them with a single, means-tested payment.

• Parents must be working, training or studying to receive childcare benefits.

TRANSPORT AND INFRASTRUCTURE

• Expand road user charges, especially for heavy vehicles.

DEFENCE

• Re-assess commitment to increase Defence spending to 2 per cent within a decade.

• Reduce size of Defence headquarters to 1998 levels.

FOREIGN AID

• Decouple foreign aid spending from Gross National Income, and ensure it doesn’t increase above inflation.

PRIVATISATIONS

• Snowy Hydro Limited

• Australian Hearing Services

• Defence Housing Australia

• Australian Submarine Corporation

• Australia Post

• Australian Rail Track Corporation

• Royal Australian Mint

• NBN Co

Comments
View Comments