Starting Monday July 1, 2024, households and businesses throughout the Gilmore electorate will benefit from the Federal Government’s new cost-of-living relief measures, local Member for Gilmore, Fiona Phillips, claims. 

She says the Albanese Labor Government is committed to providing financial relief to Australians while tackling inflation and building a Future Made in Australia. 

According to her media release, the measures effective from July 1 include:

• Tax Cuts: All 13.6 million Australian taxpayers will receive tax cuts, with an average reduction of $1,405 for those in Gilmore.
• Energy Bill Relief: Australian households will get $300 off their energy bills, and one million small businesses will see a $325 reduction.
• Commonwealth Rent Assistance: Nearly one million households will benefit from increased rent assistance.
• PBS Medicines Cost Freeze: The cost of PBS medicines will be frozen for all Australians.
• Housing Investment: Increased funding to build more homes nationwide.
• Student Debt Waiver: $3 billion in student debt will be waived for over three million Australians.
• Deeming Rates Freeze: The freeze on deeming rates will be extended for 876,000 income support recipients.

Additionally, this follows a third consecutive pay rise for 2.6 million workers, supported by the Government.

Ms Phillip emphasised the significance of these measures, which build on previous relief efforts such as cheaper childcare, fee-free TAFE, and expanded bulk-billing.

“We know that people in Gilmore are under pressure right now,” she said. “That’s why the Albanese Labor Government is delivering this help now, while delivering on our responsible economic plan to fight inflation and invest in future growth.”

“We are delivering tax cuts for all Australian taxpayers, including 64,000 in Gilmore, and providing $300 energy bill relief for every household and $325 for small businesses.

Additionally, the freeze on PBS medicines costs will benefit many local families and seniors in Gilmore.

“We’re also delivering a third consecutive pay rise for 2.6 million workers and more funding for housing, including projects on the South Coast. This is in addition to the already implemented cheaper childcare, fee-free TAFE, and the significant expansion of bulk-billing services.

“These efforts are part of a long-term economic strategy aimed at providing immediate assistance, reducing inflation, and planning for a Future Made in Australia. I am proud to support these initiatives that aid local families, seniors, and small businesses.

“I recognise that there is more to be done, and I remain dedicated to working every day to deliver for the people of Gilmore.”