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 2014 Budget - Government Benefit Planning Changes 
  • Medicare co-payment of $7 from 1 July 2015
  • Increased costs of Pharmaceuticals Benefits Scheme medicines and Safety Net thresholds
  • Medicare Safety Net changes
  • Tightening the eligibility for Family Tax Benefit Part B
  • Indexation of many payments and programmes will be temporarily paused, including: eligibility thresholds for Family Tax Benefit and Newstart; thresholds for the Medicare Levy Surcharge, Private Health Insurance Rebate and most Medicare Benefits Schedule fees; Official Development Assistance funding; Local Government Financial Assistance Grants; and 112 government grant programmes.
  • Indexing Disability Support Pensions to the CPI, rather than wages, from September 2017
  • Disability Support Pension reduced portability
  • HELP debt repayment threshold decreased to $50,638 from 1 July 2016 & interest rate applied changed to a rate equivalent to yields on 10 year bonds rather than CPI
  • First Home Saver Account Scheme cessation

Back to 2014 Budget - Personal Finance Summary main page

Scott Francis' articles in the Eureka Report 

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