MORE than 10.6 million Australians will receive cash bonuses under a $42b Government plan to boost the economy.
As the Reserve Bank prepares to announce another cut in official interest rates this afternoon, the Government has released details of its plan to support up to 90,000 jobs.
It also revealed a $22.4 billion fiscal budget deficit will blow out to $33.3 billion by 2009-10.
Under the economic stimulus package:
FROM March, families eligible for Family Tax Benefit Part A will receive a $950 Back to School Bonus for each eligible child.
One-off $950 payments will also be made to:
AROUND 1.5 million single-income families who receive Family Tax Benefit Part B;
FARMERS and rural-dependent small business owners receiving exceptional circumstances assistance'
YOUTH Allowance, Austudy, Abstudy and Education Entry Payment recipients;
FROM April, workers earning up to and including $80,000 will get a $950 tax bonus;
THOSE earning $80,000 - $90,000 will get $650;
PEOPLE earning between $90,000 - $100,000 will receive $300.
The Government will also:
INSTALL free ceiling insulation in 2.7 million homes;
CONSTRUCT 20,000 public and social housing dwellings and 802 Defence houses;
DOUBLE the rebate to landlords who install insulation in rental properties to $1000
INCREASE the Solar Hot Water Rebate from $1000 to $1600;
SPEND $850 million on fixing roads, building boom gates for rail crossings and building community infrastructure such as town halls, libraries and sport centres.
Schools will also benefit:
ALL 9540 Australian schools will receive up to $200,000 for maintenance and building works;
EVERY primary, special and combined Prep - Year 12 school will receive money for large-scale infrastructure such as libraries and multi-purpose halls;
ABOUT 500 new science laboratories and language learning centres will be constructed in high schools.
Meanwhile, businesses will be eligible for a share of $2.7 billion worth of investment tax breaks.
Prime Minister Kevin Rudd and Treasurer Wayne Swan will hold a press conference this afternoon to discuss the plan and the budget and economic outlook.
Government unveils $42 billion economic stimulus package | Herald Sun
Australian Gov. hands out more maney
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fuzzywuzzy
- Posts: 6596
- Joined: Mon Feb 02, 2009 5:35 pm
Australian Gov. hands out more maney
Cool!
Can we have some??
Can we have some??
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
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Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Australian Gov. hands out more maney
Galbally;1126256 wrote: Cool!
Can we have some??
I couldn't answer this as it said 'maney' in the title and i don't no nuffin bout orses. (Except the racing variety)
Can we have some??
I couldn't answer this as it said 'maney' in the title and i don't no nuffin bout orses. (Except the racing variety)
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Australian Gov. hands out more maney
oscar;1126277 wrote: I couldn't answer this as it said 'maney' in the title and i don't no nuffin bout orses. (Except the racing variety)
Its aussies init, that's their lingo over there, "giz the maney matey, me ute is crook". :wah:
Its aussies init, that's their lingo over there, "giz the maney matey, me ute is crook". :wah:
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
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Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Australian Gov. hands out more maney
Galbally;1126290 wrote: Its aussies init, that's their lingo over there, "giz the maney matey, me ute is crook". :wah:
AH GOT YER BIG BOY :yh_rotfl
AH GOT YER BIG BOY :yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Australian Gov. hands out more maney
Galbally;1126290 wrote: Its aussies init, that's their lingo over there, "giz the maney matey, me ute is crook". :wah:
No where near the button there Gal.
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
No where near the button there Gal.
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
It's nice to be important,but more important to be nice.
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Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Australian Gov. hands out more maney
mrsK;1126365 wrote: No where near the button there Gal.
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Pardon?
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Pardon?
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
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fuzzywuzzy
- Posts: 6596
- Joined: Mon Feb 02, 2009 5:35 pm
Australian Gov. hands out more maney
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday."
That has to be said with a drawl & slowly in my part of Australia.
:yh_rotfl:yh_rotfl
And the answer would be ..."no wuckin furries, job's right mate."
Problem with these handouts though is the self funded retirees won't get a cent . They will be worse off because all their assets are in stocks etc. They have probably payed off their house and now living on their savings and shares. The drop in the interest rates wont effect them, but the rate hike will. They lose no matter what. which is kind of a kick in the teeth after doing what we'd all like to do in retirement, and that is being self sufficient.
That has to be said with a drawl & slowly in my part of Australia.
:yh_rotfl:yh_rotfl
And the answer would be ..."no wuckin furries, job's right mate."
Problem with these handouts though is the self funded retirees won't get a cent . They will be worse off because all their assets are in stocks etc. They have probably payed off their house and now living on their savings and shares. The drop in the interest rates wont effect them, but the rate hike will. They lose no matter what. which is kind of a kick in the teeth after doing what we'd all like to do in retirement, and that is being self sufficient.
Australian Gov. hands out more maney
mrsK;1126365 wrote: No where near the button there Gal.
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Of course I bow to your greater wisdom on such matters Mrs K. :-6
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Of course I bow to your greater wisdom on such matters Mrs K. :-6
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Australian Gov. hands out more maney
mrsK;1126365 wrote: No where near the button there Gal.
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Couldnt have said it better myself MrsK,and ur so wright fuzzy wuzzywots gonna happen wen there's no money left for them to throw around.Whitch is gonna happen.:-5:-5:-5:-5
"G'Day digger,can you lend me a few quid as the ute has blown a gasket & I don't have a brass razoo to bless myself till payday.":-6
That has to be said with a drawl & slowly in my part of Australia.:p
Couldnt have said it better myself MrsK,and ur so wright fuzzy wuzzywots gonna happen wen there's no money left for them to throw around.Whitch is gonna happen.:-5:-5:-5:-5
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fuzzywuzzy
- Posts: 6596
- Joined: Mon Feb 02, 2009 5:35 pm
Australian Gov. hands out more maney
i looked up our constitional laws ...and Rudd is right they are not allowed to be in surplus if australia is in crisis. Albeit it's not our crisis, but it is affecting us .
The rest of the world went belly up and here everybody did the big .."UH OH" And stopped spending in panic.
I think the spending on government schools is taking care of the fall out of all those who will be withdrawing their children from private ed...it will put a strain on the public school system.
If people stop buying and building homes ...people will be out of work.
If we stop spending on furniture and retail items business will be closed
Do you remember the reccession of the late eighties? Well that put us in good steed for now. We saw the greed and Bondie and Skase go to prison/flee/or died.
Remember all those people who were affected by the HIA crash? Well we have to now see this on an American scale ....they have a lot more Bondies and Skases. Even to the point of asking for assistance from their government. Nah we'll do okay with little casualties but their will be some of course....worried about my sons job. there will always be work for him down here but ...it's not a first choice situation.
The rest of the world went belly up and here everybody did the big .."UH OH" And stopped spending in panic.
I think the spending on government schools is taking care of the fall out of all those who will be withdrawing their children from private ed...it will put a strain on the public school system.
If people stop buying and building homes ...people will be out of work.
If we stop spending on furniture and retail items business will be closed
Do you remember the reccession of the late eighties? Well that put us in good steed for now. We saw the greed and Bondie and Skase go to prison/flee/or died.
Remember all those people who were affected by the HIA crash? Well we have to now see this on an American scale ....they have a lot more Bondies and Skases. Even to the point of asking for assistance from their government. Nah we'll do okay with little casualties but their will be some of course....worried about my sons job. there will always be work for him down here but ...it's not a first choice situation.
Australian Gov. hands out more maney
Ally;1126493 wrote: Couldnt have said it better myself MrsK,and ur so wright fuzzy wuzzywots gonna happen wen there's no money left for them to throw around.Whitch is gonna happen.:-5:-5:-5:-5
I think we are going to be in some very deep c r a p.
I think by June it will have hit the fan.
I don't want any payout.
If they have to give payouts give some more to the poor bloody pensioners who will definatly need some more cash.
I think we are going to be in some very deep c r a p.
I think by June it will have hit the fan.
I don't want any payout.
If they have to give payouts give some more to the poor bloody pensioners who will definatly need some more cash.
It's nice to be important,but more important to be nice.
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fuzzywuzzy
- Posts: 6596
- Joined: Mon Feb 02, 2009 5:35 pm
Australian Gov. hands out more maney
I'ts weird you know . I went to 'workays' to look for a job and "luke" said they were going to overhaul the system by june next year. Which was an eye opener last Oct. they are definetly expecting casualties.