Budget 2017 - What you need to know in Stirling
Wednesday, 10 May 2017
The Turnbull Government is making the right choices to secure better days ahead for hard-working Australians in Stirling.
Federal Member for Stirling Michael Keenan said the 2017 Budget delivers greater opportunities for Stirling residents who are concerned about jobs, business, health, education and Australia’s future economic standing.
“For small business in Stirling, we are providing funding to incentivise States and Territories to cut red tape, and are extending the instant asset write off for a further twelve months to support Stirling’s more than 16,000 small businesses.
“In addition, our small and medium business tax cuts will help the 17,645 businesses in Stirling - with turnovers of up to $50 million if they are incorporated, and up to $5 million if they are unincorporated - to invest and employ more Australians.”
Mr Keenan said the Government also recognised that to build Australia’s economy we must invest in its future, and infrastructure is a key driver.
“We are choosing to invest in building Western Australia through a $1.6 billion investment in road and rail infrastructure projects that will accelerate 17 new projects and create 6,000 jobs.
“This includes a $32 million Federal Government contribution for the widening of Mitchell Freeway southbound, from Cedric Street to Vincent Street, to reduce congestion for thousands of Stirling residents who commute to the city on a daily basis.
“We are also taking action to safeguard Australian jobs and make sure that Australians have the necessary training and skills to be job-ready with a new Skilling Australians Fund which will provide permanent funding for skills training.”
Mr Keenan said in this year’s Budget, the Turnbull Government is also guaranteeing Medicare for Stirling residents with a Medicare Guarantee Fund from 1 July 2017 that will secure the ongoing funding of the Medicare Benefits Schedule and the Pharmaceutical Benefits Scheme.
“Last financial year there were 584,989 GP services in Stirling that were bulk billed. This commitment will guarantee Stirling residents in this generation and the next, access to these vital services and affordable medicines.
“Importantly, we are fully funding the National Disability and Insurance Scheme to provide a secure future for approximately 2,867 Stirling residents living with a disability who deserve the best care that we can provide.
“For the 55 primary and secondary schools in the Stirling electorate we are launching a fairer schools funding model that is needs-based, simple and transparent,” Mr Keenan said.
“This is great news for Stirling’s 19,971 students who will benefit from funding increases and improved student outcomes with $290 million being funded for Stirling schools over the next ten years.
“And we are delivering affordable, accessible childcare for the 5,390 families in the Stirling electorate who use Government supported childcare through our simplified Child Care Package.”
Other Budget fast facts:
• Energy: Providing reliable and affordable energy for Stirling residents coping with rising energy prices by securing access to our local gas resources for domestic use and ensuring consumers and businesses get a fairer deal.
• Multinational tax avoidance: Continue to ensure multinationals pay their fair share of tax. Our actions have already raised $2.9 billion in tax liabilities this financial year against, and are expected to raise more than $4 billion this financial year.
• Welfare: Strengthening mutual obligation requirements for payments and cracking down on those seeking to get out of those obligations.
• Financial system: Introducing a Banking Executive Accountability Regime; an investigation into financial system competition and a levy on large banks, securing $6.2 billion to support budget repair, to ensure greater competition, accountability and fairness for customers and taxpayers.
To read the 2017 Budget in full please visit www.budget.gov.au