Five minute guide to Commission of Audit proposals to change our lives
THE Federal Government’s Commission of Audit has proposed to drastically change how we live our lives. Here’s a quick guide.
Economy
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THE government’s Commission of Audit has proposed to drastically change how we live our lives.
It’s not the Budget but the audit has made a strong case for change and gives the government options.
The Commission’s underlying argument is convincing: the Commonwealth is living beyond its means and to continue doing so is not an option.
The audit argues the only way to make big savings is to cut major programs.
Here’s a five minute guide on how.
COMMISSION OF AUDIT: Cut, cut and then cut some more
AUDIT REPORT ANALYSIS: Federal Government wastefulness exposed
HEALTH
RIP MEDICARE: Proposals would revolutionalise health care
USING the public system would become more expensive
THERE would be co-payments of up to $15 to see a doctor
THOSE earning over $88,000 would effectively be denied access to Medicare
THE cost of prescription medications would rise by $5 for general consumers
MAKE it tougher to get the Seniors Health Card
JESSICA IRVINE: Broader GST raises more in a year than levy in four
TERRY MCRANN: Relax, Audit Commissions proposals will stay that way
DAVID PENBERTHY: We pander to bludgers instead of rewarding effort
WELFARE
TIGHTEN eligibility for the age pension, but only for new recipients
A PERSON’S home would be included in a means test, but only it’s value above $500,000 for singles and $750,000 for couples
LIFT the age of entitlement to 70 by 2053
SLOW the rate of introduction of the National Disability Insurance Scheme
EDUCATION
HAND responsibility for public schools to the states
SEPARATE pools of funding for public, Catholic and independent schools
SLASH the size of the Federal Department of Education
MAKE uni students pay 55 per cent of their degree, up from 41 per cent now
FORCE those with study debts to start paying back sooner
FAMILY TAX
AXE “Family Tax Benefit Part B”, which currently provides up to $4241 a year to 1.6 million families
HOWEVER, provide a payment equal to FTB B to sole parents with children under eight years old
FOR all but low-income households, tighten eligibility for Family Tax Benefit A, which provides up to $10,600 to 1.9 million families
BRINGING down the paid parental leave cap to $57,460. Tony Abbott wanted it to be $150,000 but this week proposed a $100,000 cap
EXPAND childcare assistance through a single, means-tested payment
EXTEND childcare assistance to nannies
BUSINESS
GET rid of many schemes assisting auto, steel, ethanol and clean energy
AXE rural financial counselling, the small business advisory services program and some export schemes
“GENUINE market failure” needs to be proved before financial support is given
THERE should be a focus on “targeted support for research and development” where the private sector wouldn’t do it otherwise
JOBS
ULTIMATUM: Move for work opportunities or lose benefit welfare
LOWER the minimum wage to “improve job opportunities”
MAKE young singles aged 22 to 30 relocate to “higher employment areas or lose access to benefits after a period of 12 months”