Working families have done the heavy lifting that has helped make Australia the prosperous nation it is today. But rising cost‑of‑living pressures mean many families are now doing it tough. The Government understands this and is taking action by delivering a $55 billion Working Families Support Package.

Delivering for working families

Delivering for working families

The Government's $55 billion Working Families Support Package will target those Australians who have been working hard to build a future for their families but are now finding it harder and harder to balance the family budget.

In this Budget, the Rudd Government delivers for these families by:

  1. Providing $46.7 billion of tax relief over the next four years aimed at working families.
  2. Introducing an Education Tax Refund to help parents with the costs of educating their kids — at a cost of around $4.4 billion.
  3. Increasing the Child Care Tax Rebate from 30 to 50 per cent and paying it quarterly — at a cost of $1.6 billion.
  4. Acting on the housing affordability crisis with a $2.2 billion package covering First Home Saver Accounts, a National Rental Affordability Scheme and a new Housing Affordability Fund.
  5. Providing a Teen Dental Plan at a cost of $491 million.
  6. A fairer Medicare levy surcharge threshold for individuals and families.
  7. Implementing the first ever National FuelWatch Scheme.

Delivering for working families

This is a Budget that delivers for the working families of our nation.