Katy Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

I thank Senator Grogan for the supplementary question. Our tax reform package has been carefully designed to improve the financial wellbeing of Australians, particularly those in low- and middle-income brackets. From 1 July, the adjustments to tax rates and tax thresholds will deliver broader and more support to Australian taxpayers. We're reducing the 19 per cent rate to 16 per cent for incomes between $18,200 and $45,000, and we're reducing the 32½ per cent rate to 30 per cent for incomes up to $135,000, amongst other changes. This provides taxpayers with broader cost-of-living relief than under arrangements previously in place, especially those on low and middle incomes, who are more vulnerable to cost pressures. Our plan is projected to benefit over 13.6 million taxpayers, ensuring that a vast majority, including those in critical sectors—such as those in your home state, Senator Grogan, in education and health care—will see an increase in their take-home pay.