Prime Minister of Tasmania – Budget to relieve Tasmanians’ hip pouch

March 29, 2022

Peter Gutwein, Prime Minister

The Liberal Government of Tasmania welcomes important initiatives in the 2022 Federal Budget that will help ease cost of living pressures for Tasmanians and make investments in a number of key areas that will help create jobs, strengthen our economy and to provide the essential services that Tasmanians need. .

There is no doubt that the situation around the world has caused fuel prices to rise significantly, and the halving of excise duty on fuel for six months will bring much needed relief to motorists in Tasmania – saving around £30 dollars a week for those who refuel once a week, or about $700 over the six months.

I first raised this issue with the Federal Government a few weeks ago, and I am very pleased that they have listened and acted to reduce the cost of fuel for Tasmanian households. I expect fuel retailers to pass on the reduction in full as soon as possible, and encourage motorists to continue to use the FuelCheck Tas app and website to find the cheapest fuel in their area.

Importantly, this will complement the initiatives we already have in place to ease these pressures, including five weeks of free bus travel and our $100,000 community service relief package.

In addition, around 215,000 low and middle income people in Tasmania will benefit from increasing the existing low and middle tax relief from $1,080 to a maximum of $1,500, to be paid as a tax refund.

Pensioners, welfare recipients, veterans and eligible concession card holders will also benefit from a one-time payment of $250, which will be paid over the next four weeks.

Over 140,000 Tasmanians are expected to receive this cash bonus, including approximately:

  • 72,000 elderly retirees;
  • 28,000 retirees from disability assistance;
  • 24,000 social recipients; and
  • 17,000 caregivers.

These initiatives will be welcomed by thousands of Tasmanians, helping to further ease the cost of living pressure on Tasmanian households for those who need it most.

Tasmanian families will also have greater flexibility in accessing paid parental leave, with new mums and dads now able to choose which parent can take it and when. Single parents will also get an additional two weeks of parental leave, giving them a total of 20 weeks, like couples.

The budget also includes significant infrastructure investment, with $639.9 million committed to new projects in Tasmania, including $100 million for the Great Eastern Drive and $96 million for the Tasmanian Rail Revitalization Program. Tasmanian freight. These projects will create more local jobs and support our regional communities.

The budget will also support our ongoing efforts to help more Tasmanians into their own homes.

The new Regional Housing Guarantee will help aspiring buyers in the regions, and the First Home Guarantee will be extended to include an additional 35,000 places nationwide per year, allowing eligible first-time home buyers to put down a deposit of five percent without incurring the lenders mortgage. Assurance.

This will complement the measures I announced in the State of the State earlier this month, further ease pressures on social housing and help more Tasmanians find safe and secure accommodation.

Importantly, the budget also includes additional funding for mental health treatment services and support for youth with serious and complex mental illnesses, which is especially important as we continue to manage the COVID pandemic. -19.

The budget also includes $800,000 over two years to provide mental health supports to the community of Devonport in Tasmania following the tragedy at Hillcrest Primary School.

Additional funding is also planned for domestic violence to support the implementation of a new national plan to support women and their children who experience family, domestic and sexual violence, which will again complement the work important that we are already doing to support our most vulnerable.

The budget will also help build Tasmania’s workforce of the future and help more young Tasmanians find jobs, with $5,000 committed in intern support payments and up to $15,000 in wage subsidies. for the employers who hire them.

There will also be additional training places under a new national skills agreement, with small businesses to be rewarded for staff development, with a tax deduction of $120 for every $100 spent on training. training.

Tasmania’s GST relativity has declined given the strength of our economy and property market, but with a significantly increased national GST pool, Tasmania’s GST revenue is expected to rise slightly against the Tasmanian budget. 2021-22 Status. However, compared to the increased estimates outlined in the February RER, it is estimated that there will be a $44 million reduction in GST revenue for 2022-23.

The Treasury will continue its work on GST estimates when developing the 2022-23 state budget.

This budget lives up to Tasmania and is another demonstration of our shared commitment to securing Tasmania’s future.

More press releases from Peter Gutwein

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