What you need to know!

• The Budget is forecast to return to surplus in 2019/2020
• There’s a 7 year plan to eliminate the 37% tax bracket
• A major crack down on tax cheats to begin
• The Medicare Levy remains at 2%
• Superannuation – exit fees banned
• Child care combined income threshold to increase to $187k
• Aged Care – 14,000 home care places over the coming four years
• Education – schools to receive an extra $24.5bn over 10 years
• Infrastructure spending to increase including $1bn to improve traffic flow
• Energy costs to reduce by $400 per year for each family from 2020
• National security to be increased with $293.6m spend

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