Budget Summary from AFR 26.10.22

-New parents – parental leave up from 20-26 weeks by 2026

-Families – childcare subsidies up July next year

-Medicine users – maximum co-payment down from $42.5 – $30 a script from Jan over 4 years

-Electric car buyers – exempted from taxes if retail price below luxury car tax threshold

-Grey nomads – caravan parks upgraded

-Pensioners – tweaks to income and asset test to encourage downsizing family home, and allow age and veteran pensioners to do more work without benefits being affected

-Self-funded retirees –seniors health card income threshold lifted to 90k for singles and 144k for couples

-Aged care residents – 2.5bn to mandate a minimum number of care minutes by October 2024 for nursing home residents and employing a registered nurse onside 24/7 in homes

-Students – extra 480,000 fee-free TAFE places

-Homebuyers – New accord to build 1 million new homes over 5 years from 2024. Canberra to deliver 10,000 affordable homes

-Skilled migrants – permanent migration program expanded to 195,000 places a year

-Patients – more Medicare urgent care clinics, perinatal mental health and wellbeing centres and revamping GP grants

-Internet users – more spending on NBN

-Voice to Parliament advocates – spending to promote referendum and enrolment drive among indigenous Australians

-Foreign neighbours – boost in aid and grants for Pacific and South-east Asia -Spooks – new national security office precint built in Canberra to bring together intelligence agencies.