After a long and grinding election campaign, Scott Morrison claimed victory.
Australians are set for three years of Liberal government. So what does this mean for you?
Labor and the Coalition had offered voters a slew of different options before the election, with the parties agreeing on few policy pieces.
Here’s what you need to know now Coalition is back in power.
TAX
YOUNG FAMILIES
Tax offsets mean young families will receive a tax cut up to $1080 every ATO tax return for workers making between $48,000 to $90,000, from July of next year.
Workers making less than that will still receive tax cuts, but slightly less than promised under Labor.
Those earning over $180,000 will avoid higher taxation proposed by Labor.
The Coalition has promised to continue legislated tax cuts over the coming three years.
DINKS
Households with incomes between $48,000 to $90,000 will receive tax refunds of up to $1080. Those earning up to $126,000 will receive smaller tax refunds under the coalition.
Higher income earners will avoid the possibility of higher taxation under a Labor government.
Those with incomes up to $180,000 will dodge higher taxation proposed by Labor.Source:istock
EMPTY NESTERS
This group will be able to retain their ability to receive franking credit cash refunds on Australian share dividends. Labor had proposed doing away with this. The Coalition will scrap the work test for voluntary super contributions those aged 65 or 66.
HOUSING
The government introduced a new $500 million First Home Loan Deposit Scheme for first homebuyers to help them get a foot in the door. This will give 10,000 first homebuyers the opportunity to buy a home with only a five per cent deposit, as opposed the usual 20 per cent.
This policy was matched by Labor before the election.
HEALTH
The Morrison government mad major pledges to mental health funding before the election, promising $461 million for a youth mental health and suicide prevention strategy, along with added mental health funding for people affected by natural disasters, and Aboriginal and Torres Strait Islander people.
It also matched the ALP’s pledge to lift the Medicare rebate freeze by July 1.
A slew of new drugs will be subsidised, and Victorians have been promised a $496
million medical facilities package.
Scott Morrison, pictured with his family, stunned everyone with his election victory. Picture: Jeremy PiperSource:News Corp Australia
CLIMATE CHANGE
Climate change policy was a major talking point at the 2019 election, and continued to be a divisive point for the Coalition. The party won’t make major changes over the next three years.
The Morrison government have outlined a $2 billion climate solutions package which is being rolled out over 15 years.
There’s no plan to boost renewables — and Mr Morrison has committed to a coal upgrade project in NSW.
EARLY CHILDHOOD AND CHILDCARE
The government made no changes to it’s Child Care Subsidy package, from July 2018, and no new childcare policies were flagged before the election.
Although $453 million has been earmarked to guarantee another year of preschool funding for four-year-olds.
SCHOOLS
The Coalition will follow through with the Turnbull government’s $23.5 billion commitment to schools over 10 years. This promise was mirrored by the Labor Party before the election.
