The federal budget changes mean more Australians will get super. It also relaxed the rules around older Australians contributing to their retirement savings.
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Historic expansion of support for vulnerable Australians
The Morrison Government is delivering an unprecedented boost to services supporting women, children and Australians who rely on our social security safety net, as part of our commitment to protect the most vulnerable Australians now and into the future.
Minister for Families and Social Services and Women’s Safety Anne Ruston said funding in the 2021‑22 Budget will keep Australians safe and secure Australia’s recovery, by providing more than $10 billion for initiatives administered by the Department of Social Services.
“This Government is standing up for our most vulnerable Australians, whether they be women and children at risk of or experiencing violence, people who had lost their jobs during the pandemic or survivors of institutional child sexual abuse,” Minister Ruston said.
Government to improve the Pension Loans Scheme smsfadviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smsfadviser.com Daily Mail and Mail on Sunday newspapers.
News by Anthony Keane
Premium Content There s not a lot of losers in this year s Budget, which features extra government spending everywhere you look. The spending spree is best illustrated by the fact that the combined deficit for the next three years - $285 billion - is higher than what was forecast in last October s Budget, despite the much stronger-than-expected economy.
WOMEN: A $345 million package of health measures targets women and girls, focusing on anxiety and depression, cancers and reproductive health. There are also new measures to address domestic violence and workplace harassment, and to encourage female leadership in business.
SINGLE PARENTS: A new Family Home Guarantee Scheme will help single parents with dependent children buy a home with just a 2 per cent deposit, if they are able to service the loan.
SSS reduces operational capacity, urges use of online services newsbytes.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbytes.ph Daily Mail and Mail on Sunday newspapers.