Scoop has an Ethical Paywall
Licence needed for work use Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Budget 2004: Overview - Working for families

The Budget 2004 Overview

Working for families

Total cost: $1.1 billion a year from 2007

Objectives: to ensure work pays, to ensure families have sufficient income to give their children a good start in life, to reduce the barriers to work, to simplify the benefit structure, to ensure people receive their full entitlement.

Components: Increases to Family Support, Childcare Assistance, the Accommodation Supplement, introduction of a new In Work payment for working parents, more generous work provisions for recipients of the Invalids Benefit.

Numbers affected: the new Family Assistance regime will touch 61 per cent of all families with dependent children, netting them on average an additional $66 a week. Families in the lower - $25,000 to $45,000 - income range will net an extra $95 to $100 a week.

Implementation: begins on 1 October, 2004 and runs through to 1 April, 2007.
Package to be future-proofed: Family Support, Childcare Assistance, the In Work Payment and the Parental Tax Credit will be subject to periodic review after 2007 to ensure they maintain their value over time.

ENDS

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.