Our tax relief plan will encourage and reward hard working Australians. Almost 60,000 taxpayers in Kooyong will receive a new offset of up to $530 a year under our plan to reduce cost pressures on household budgets. We are providing responsible tax relief – starting this financial year for low and middle income earners – to ensure Australians keep more of their hard earned income. We are also lifting tax brackets over time to ensure that wages don’t get eaten up by higher taxes through bracket creep. You can read more here about how the Government is sticking to its plan for a stronger economy.