The Morrison Government has introduced a number of measures to support families during COVID-19.
As part of the 2020-21 Budget, the Morrison Government will bring forward Stage 2 of our Personal Income Tax Plan by two years. More than 11 million taxpayers will get a tax cut backdated to 1 July this year. Lower and middle-income earners will receive tax relief this year of up to $2,745 for singles and $5,490 for dual income families. This means Australians will have more of their own money to spend on what matters to them. Find out more here.
The Morrison Government is supporting new and existing income support recipients during the COVID-19 pandemic, with the temporary Coronavirus Supplement and expanded eligibility for some payments. The Coronavirus Supplement has been extended until 31 December 2020 at a rate of $250 per fortnight from 25 September 2020. Find out more here.
Pandemic Leave Disaster Payment
The Government is partnering with the States and Territories to deliver this payment to help stop the spread of COVID-19. Eligible workers can receive a one-off payment of $1,500 if they are unable to work while under a direction to self-isolate or quarantine or if caring for someone who has tested positive for COVID-19. Click here to find out more.
Throughout the pandemic, the Government has implemented several measures to support the child care sector and families who use these services. This includes the Recovery Package for Victoria. The Government is also extending the easing of the Activity Test requirements for all Australian families to 4 April 2021 so they can continue to receive the same level of subsidised care as before the pandemic. Click here for more information.
Increasing home ownership
An additional 10,000 first home buyers will now be able to purchase a new home sooner under our First Home Loan Deposit Scheme. This year we have already helped almost 20,000 first home buyers to purchase a home this year under this Scheme, with a deposit as low as 5%. An additional $1 billion of low cost finance will support the construction of affordable housing, taking total concessional finance available to community housing providers to $3 billion. Click here for more information.