Omnibus bill_ how the $6.3b budget cuts affect you gas prices going up or down

FEDERAL Parliament almost pulled an all-nighter as angry Greens and crossbench senators tried to frustrate the passage of the government’s budget savings measures. But with the support of Labor, the Senate finally agreed to clear the Coalition’s so-called omnibus bill with $6.3 billion in budget savings. It was quickly passed by the lower house in parliament on Wednesday, but ran into a few roadblocks during six hours of debate in the upper house Thursday night.

The Greens accused the government of lumping 24 separate pieces of legislation into one boringly-titled bill to avoid proper scrutiny before giving in just before midnight. So it’s a done deal now. V gashi 2015 The government has delivered tax cuts for the wealthy and big corporations, while cutting spending on Australia’s more vulnerable.

The HECS-HELP Benefit, which pays graduates of some courses to take up related jobs in nursing, science and early childhood education, will be axed from 1 July 2017. The government also hopes to save money by slowing the growth of research grants and other awards for current students. Gas bloating These payments will be increased in line with CPI (Consumer Price Index) instead of the more generous Higher Education Grants Index (HEGI).

Students getting help with upfront costs of study as part of the Student Start-up Scholarship, will no longer get the twice yearly payments of $1000. Those families earning about $80,000 will no longer get the Family Tax Benefit-A end-of-year supplement of up to $726 a year, after Labor negotiated for it to be dropped. The government wanted to give eligible families with a youngest child under one year old, an extra $1000 a year through an increase to the Family Tax Benefit part B. The government was planning to strip the Australian Renewable Energy Agency of $1.26 billion in funding, which would essentially have abolished the agency that provides grants for the commercialisation of innovative renewable energy projects. The Clean Energy Innovation Fund was created by the Turnbull government earlier this year and is co-administered by ARENA and the nation’s renewable-energy bank — the $10 billion Clean Energy Finance Corporation.

Despite its focus on innovation, the government will reduce a tax offset rate introduced to encourage companies to do research and development that benefits Australia. The rates of the Research and Development Tax Incentive (currently about 40 per cent) — refundable and non-refundable — will be reduced for the first $100 million of eligible expenditure.

People will find it harder to avoid paying the Medicare Levy Surcharge or to get the Private Health Insurance Rebate, as income cut-offs won’t be indexed for three years. The National Health Performance Authority will also be abolished. Gas and water company The authority reported on the performance of public and private hospitals and primary healthy care organisations.

Its duties will be transferred to the Australian Institute of Health and Welfare and other organisations. Electricity voltage in norway Responsibility for the MyHospitals and MyHealthyCommunities websites was also transferred to the AIHW. Labor has been successful in protecting the Child Dental Benefits Schedule, which provides up to $1000 over two years for basic dental services. The government was due to replace this with the Child and Adult Public Dental Scheme from 1 January 2017, which has stricter eligibility requirements.

Previously the government stopped pursuing a social welfare debt after six years but this limit will also be removed so they can try and recover the debts for longer. The government will include income from Parental Leave Pay and Dad and Partner Pay when calculating income support payments for children born or adopted from October 1 this year. A bonus of $2500 used to be given those aged between 18-30 years old if they held on to a job for more than a year, and another $4000 if they continued for a further year. New residents of aged care facilities who keep their own family home and rent it out, will now have that rental income included in the income test for the pension.

The government had planned to save about $1.3 billion by stopping payments for new welfare recipients, but Labor has managed to preserve it for some, including pensioners and those who are unemployed. Those who will miss out on the supplement will be new recipients of Family Tax Benefit Part A, Family Tax Benefit Part B and the Commonwealth Seniors Health Card. The Energy Supplement was introduced to help with higher electricity costs and other impacts of the now-axed carbon tax. Gas out game commercial The amount of the supplement varies but is about $4 a week.

Those who enter the welfare system between 20 September 2016 and 20 March 2017, will temporarily receive the compensation until 20 March 2017. People charged with a serious offence, who had severe psychiatric conditions, were due to lose their social security payments but Labor has managed to block the cuts. News.com.au’s Privacy Policy includes important information about our collection, use and disclosure of your personal information (including to provide you with targeted content and advertising based on your online activities).

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