Russell Matheson (Macarthur, Liberal Party) Share this | Link to this | Hansard source

I rise today to pay tribute to the success of this year's budget and highlight a few measures that will be of great benefit to those living in my electorate of Macarthur. As the Treasurer outlined in his budget speech last night, next year the Abbott government will spend $38 billion to support families. That includes $7 billion on child care. The 2015 budget commits $695 million to the NDIS in the next financial year, in line with the government's commitment to continue the trial sites and to prepare for the full rollout of the scheme from July 2016.

This year's budget is also focused on growing jobs and helping small business innovate and grow. From July this year, small business in Macarthur and, indeed, throughout the nation, with an annual turnover of less than $2 million will have their tax lowered from 30 per cent to 28 per cent. Small business will also be able to immediately deduct new assets up to $20,000— (Time expired)

Mrs Bronwyn Bishop (Speaker) Share this | Link to this | Hansard source

Order! In accordance with standing order 43, the time for members' statements has concluded.