Local Families, Single Parents, Young People And The Unemployed In Melbourne Ports To Benefit From Budget

Local families, single parents, young people and the unemployed in Melbourne Ports to benefit from Budget

Thursday, 10 May 2012 00:36

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Michael Danby
Federal Member for Melbourne Ports

The 2012-13 Budget will deliver substantial benefits to the people of Melbourne Ports.

“Our budget ensures that Melbourne Ports families, single parents, young people and the disadvantaged in general will benefit from our strong economy,” said Michael Danby, Federal Member for Melbourne Ports said.

“There is a $3.7 billion towards Aged Care reform across the nation. It is particularly welcome, given Melbourne Ports demographics, and will certainly benefit residents in Melbourne Ports,” Mr Danby said.

•    Increasing family payments by up to $600 for more than 4000 local families. Family Tax Benefit - Flowing from July next year, this extra support will be made to families currently receiving  Family Tax Benefit Part A payments.  

•    Delivering a new cash payment to 2,850 local families with kids in schools. Parents will receive $410 for each child in primary school and $820 for each child in high school as part of the new Schoolkids Bonus.

•    Providing extra money to help paythe bills to 6331 local young people, single parents and the unemployed currently receiving allowances. Singles will receive a $210 lump sum payment while couples will receive $350.

“Returning to surplus will give the Reserve Bank maximum flexibility to cut interest rates further, just like they did last week”.

Mr Danby said Interest rates were now lower than at any time under the previous Government, and a family on a $300,000 mortgage is now paying around $3000 a year less in repayments.
“Labor is committed  to a stronger and fairer nation. Reforms like the new National Disability Insurance Scheme, a further investment in dental health and Aged Care reform” said Michael Danby.

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