Louise Miller-Frost (Boothby, Australian Labor Party) Share this | Hansard source

Here we are in a new financial year, and what a new financial year! Today is a fantastic day for Boothby and for Australia. The Albanese Labor government has put in place a range of initiatives that started on 1 July. Every Australian taxpayer gets a tax cut. While our tax cuts benefit 100 per cent of taxpayers, 90 per cent of women are better off than they would have been under the tax cuts proposed by those opposite, and 98 per cent of young people are better off, because the tax cuts of those opposite left out anyone on a low wage.

But there's more; 2.6 million Australian workers on minimum wage get a pay rise. We're freezing the cost of PBS medicines on top of previous reductions in script co-payments and the 60-day scripts already cutting the cost of medicines. We have another two weeks of extended paid parental leave, a $300 energy bill relief for every household and $325 for small businesses. There's another 0.5 per cent in superannuation, taking employer contributions to 11.5 per cent. We're also wiping $3 billion of HECS/HELP debt and changing the way indexation is calculated to ensure that we never again have a situation where debt goes up faster than wages. We've already increased bulk-billing in my electorate of Boothby. That's a 4.2 per cent increase in bulk-billing. Labor wants you to earn more and keep more of what you earn.

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