●FIVE-MINUTE GUIDE
ECONOMY
$18.2b deficit for 2017-18, forecast to drop to $14.5b in 2018-19
Total revenue of $486.1b in 2018-19 up from $456.2b in 2017-18
AAA credit rating remains $2.2b surplus reached in 2019-20 — one year early
Net debt peaks at $341b
EDUCATION
Additional $247m for Schools Chaplaincy Program over four years
Extra funding for regional students to access bachelor placements
$38.1m over five years to reform ABSTUDY to support Aboriginal students
SMALL BUSINESS
$40m package to combat companies that deliberately go bust to avoid paying bills
Expansion of ATO’s power to keep refunds where there are outstanding tax lodgements
Instant asset write-off for businesses with turnover up to $10m for purchases up to $20,000
TAX
Tax relief for low- and middle-income earners of up to $530 this year ■•Crackdown on R&D tax incentives to save $2b over next four years
Top threshold of the 32.5 per cent tax bracket to increase to $90,000, from $87,000, from July 1
HEALTH
$1.4b for new drugs to be listed on the PBS
Free whooping cough vaccine for pregnant women
$84m boost for mental health nursing in Royal Flying Doctor Service Medicare levy hike dumped Fee to rise 55c from $37.05 to $37.60 for GP visits
PENSIONERS
Pension Loans Scheme to boost retirement income by up to $17,800 for a couple
Incentives for employers to hire mature-aged workers
Work Bonus to allow pensioners to earn extra without reducing pension payments
CHILDCARE
$271m Community Child Care Fund for regional and remote communities
$440 million for 15 hours a week of kinder for children the year before school
New Child Care Package to come into effect on July 2
Withholding rate for child care subsidy cut to 5 per cent
SUPER
Superannuation account exit fees axed
$6m in lost superannuation returned to three million Australians
Life insurance policies to become opt-in for members aged under 25
ARTS & TOURISM
$140m location incentive to lure big-budget films
$3m to develop local film and television content
$2.6m to attract Chinese tour groups to Australia
$14.6m over two years for SBS
$48.7m over four years for James Cook anniversary
IMMIGRATION
Net overseas migration to fall by 21,000 over the next four years
Annual migration program maintained at 190,000 skilled and family places in 2018-2019
$50.3m over four years to support Dutch prosecution of MH17 downing
BORDER SECURITY
$50.1m for security upgrades at 64 regional airports
Increased Border Force at domestic and international airports
$130m to strengthen ICT infrastructure for visa processing
INFRASTRUCTURE
U$1pbtnot$o5fbixftohreAMirp1 ort Rail L■in$k1bn
Urban Congestion ■Fu$n14d0tomsVupicptoritaSntate level cpornogjeecsttsioandpaimckpargoeve traffic flow $1.75b and North safety East Link $3.3 $475m billion Monash upgrade Rail for the Bruce Highway connecting Clayton and
$250m Major Project Caulfield campuses Business Case Fund
$300 million for Brisbane Metro project.
WELFARE
$300m for disability employment services
Increased waiting period of four years for new migrants to access certain benefits
New powers to withhold welfare payments from offenders with outstanding warrants
AGED CARE
$1.6b for 14,000 extra home-care places
$146m for improved access to regional aged-care services
Extra funding for mental health services in aged-care facilities
$190m package to boost the skills of workers aged over 45
SIN TAXES
40 per cent tax on craft beer axed
Crackdown on illicit tobacco trade to raise $3.6b in four years
Alcohol excise refund scheme cap increased to $100,000 per financial year
LAW & ORDER
■•$68.6m to combat child exploitation
$59.1m for National Criminal Intelligence System
$160m boost for terrorism prevention agencies
$122m to increase police and Border Force at nine domestic and international airports
SPORT
$11.8m to support youth participation in sporting competitions
$10.1m to strengthen antidoping and protect integrity
Sporting Schools program to receive $47.1m
$28.9m grants program established to promote active living
ENVIRONMENT
$500m to restore and protect Great Barrier Reef
Better protection for farmers against pests and weeds at cost of $26.6m
Emissions reduction target to remain at 26-28 per cent
Government will not adopt 50 per cent renewable energy target proposed by Opposition