Federal Budget 2017: Other Proposals

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June 1, 2022
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Please note that each of these proposals will only become law if it is passed by Parliament.

  • A new Jobseeker Payment will replace 7 existing working age payments from 20 March 2020.
  • Job seekers and parents who receive working age income support will have increased activity testrequirements from 20 September 2018.
  • The maximum length of the Liquid Assets Waiting Period will increase from 13 weeks to 26 weeks from20 September 2018.
  • A one-off Energy Assistance Payment of $75 for single recipients and $125 for couples will be paid to those who receive the age pension, disability support pension and parenting payment on 20 June 2017.
  • Family Tax Benefit rates will not be indexed for 2 years from 1 July 2017.
  • A new upper income threshold of $350,000 pa will apply to the child care subsidy from 1 July 2018.

This blog has been prepared by RJS Wealth Management Pty. Ltd. ABN 24 156 207 126. RJS Wealth Management Pty. Ltd. is a Corporate Authorised Representative (No. 438158) of Modoras Pty. Ltd. ABN 86 068 034 908 an Australian Financial Services and Credit Licensee (Number 233209). The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals personal circumstances have been taken into consideration for the preparation of this material. Any individual making a decision to buy, sell or hold any particular financial product should make their own assessment taking into account their own particular circumstances. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Pty Ltd recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this fact sheet can change without notice. Modoras Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication.

June 1, 2022

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