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1 July budget bonuses for O'Connor families.



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M E D I A R E L E A S E 1 WILSON TUCKEY FEDERAL MEMBER FOR O’CONNOR 26/07/2006

1 JULY BUDGET BONUSES FOR O’CONNOR FAMILIES

The challenging job of raising a family is about to get a little easier from 1 July thanks to benefits announced in the 2006 Federal Budget, Mr Tuckey said today.

Wilson Tuckey said the Budget, announced by Treasurer Peter Costello on 9 May, contained a number of family-friendly initiatives that were due to come into effect from 1 July.

“There are substantial costs involved in raising a family and I am very pleased that this Budget will be a big help to families in O’Connor,” Mr Tuckey said.

“We want to encourage and assist families because we recognise the important role they play in our community.

Mr Tuckey said from 1 July, family-friendly benefits included:

• An increase in the maternity payment (Baby Bonus) - from $3,166 to $4000;

 More generous Family Tax Benefits to support Australian families in their job of raising children. The maximum payment per child (under Part A) has increased from $2,400 in 1996 to $4,200 a year. Also, the maximum FTB Part A benefit will now be available to families with an income up to $40,000;

 The Large Family Supplement will now include families with three or more children, which will provide additional assistance to nearly 350,000 Australian families with a payment of an extra $248 a year; and

 Abolishing the limit on subsidised outside school-hours child care and family day care places - which is expected to increase the number of childcare places to more than 700,000 by 2009, up from 307,000 in 1996.

Mr Tuckey said the family-friendly policies of the Coalition were helping millions of Australian families.

“In this Budget, assistance to families with children rises to $28 billion, up from $14 billion in 1996. As a result of the Coalition’s family tax benefits, single-income families with two children can earn more than $48,000 and pay no net tax,” Wilson Tuckey said.

For more information: http://www.budget.gov.au/2006-07/overview/html/index.htm

Media contact: Alana Lacy 08 98 426228

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