Budget2017

Securing Better Days Ahead for Seniors

The Coalition Government is securing better days ahead for seniors by tackling cost of living and guaranteeing services older Australians rely on.

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Tackling Cost of Living for Seniors

We are reinstating the Pensioner Concession Card for 92,000 older Australians impacted by the January asset test change to allow continued access to discounts offered by the States and Territories.

We are supporting greater opportunities for older Australians who choose to downsize their housing with greater flexibility to contribute the proceeds of the sale of their home into superannuation without penalty.

The Coalition Government is taking action to ensure reliable and affordable energy for households by securing access to our local gas resources and investing in new power generation, transmission and storage capacity.

We are making our strong and resilient banking system fairer for customers and taxpayers, with greater competition and accountability. A new Banking Executive Accountability regime will punish misconduct.

The Right Choices to Guarantee Services for Seniors

We are guaranteeing the services older Australians rely on for a secure retirement.

The first duty of a national Government is to keep Australians safe. It is why we are continuing to increase investment in policing to combat terrorism and gang violence.

Through a $10 billion investment we are guaranteeing healthcare for Australians and creating a Medicare Guarantee Fund to pay only for Medicare and subsidised medicines.

Security for Future Generations

  • Record needs-based schools investment to deliver opportunity for children
  • A foreign workers levy to fund skills training for hardworking Australians
  • Protecting our welfare safety net for those who need it
  • Continuing the crackdown on multinationals not paying their fair share of tax

“Our success cannot be taken for granted. We must be determined to secure our opportunities. This Budget is about making the right choices to secure the better days ahead.

Our choices are based on the principles of fairness, security and opportunity. We must choose to focus on growing our economy to secure more and better paying jobs. ”

Treasurer Scott Morrison

Learn more about our plan with regular email updates