House debates

Wednesday, 26 June 2024

Statements by Members

Taxation

1:55 pm

Photo of Jerome LaxaleJerome Laxale (Bennelong, Australian Labor Party) Share this | Hansard source

As I woke up this morning, I looked at my phone and it dawned on me that we are so close to 1 July. And that's important for so many reasons. Firstly, it's Territory Day, and I'm sure our friends in the Northern Territory will have a good time. For dad-joke experts like me, it's International Joke Day on 1 July, and I'll be diligently observing that. And, for the Bob Marley fans, it's International Reggae Day. But do you know what the most important thing about 1 July is? It will see Australians get much-needed cost-of-living relief.

I understand the pressures that people in Bennelong are facing with the cost of living. I've fought hard for broad cost-of-living relief, and that has been the centrepiece of the government's latest budget. From 1 July, every taxpayer in Bennelong will get a tax cut. That's 92,000 people. A household with one person on $120,000 and another on $80,000 will get $4,358 in tax cuts. That's straight into their family budgets.

On top of that, we will expand on last year's energy relief to ensure that everyone gets support. From 1 July, every household in Australia will get $300 off their energy bill.

Whether you live in Greenwich or Gladesville, Carlingford or Chatswood West, the cost of living is impacting everyone. Every taxpayer will get a tax cut, and every household will get energy relief. Bring on 1 July.

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