The spending power of Australian households has increased over the term of this Government, thanks to four years' worth of tax cuts and other benefits to help families and pensioners to make ends meet. In addition, a Schoolkids Bonus will replace the Education Tax Refund and be paid directly to eligible recipients as a guaranteed payment rather than a tax refund. A new Supplementary Allowance will help the unemployed, young Australians and parents with young children to help them meet the costs of essential bills with the first payment commencing in March 2013.
Estimated improvement in the real disposable incomes and net tax thresholds of different household types
from 2007-08 to 2012-13 (a)