Extra cash for local young people
More than 2,100 local students and young people in training will get some extra cash from the Federal Government, with new payments hitting households from 11 June 2012.
Member for Hotham Simon Crean, said people on Youth Allowance, ABSTUDY or Austudy would soon receive a lump sum payment in their bank accounts. Local students and young people in training will get up to $190 to help them keep up with living costs now and over the coming months.
"If you're studying at university, TAFE, or if you're out learning a trade, it can be tough to keep on top of things. This extra support should give our young people a bit of extra breathing space."
In July 2013 the Federal Government will deliver another cash payment to local students and people in training to help them keep up with the cost of living. And from January 2014, the regular payments that local students receive will get a permanent boost.
Tax Cuts
Students and young people would get another cash payment next year, and many would benefit from tax cuts next month. From 1 July, the tax-free threshold will be tripled to $18,200, giving more workers a tax cut, with most getting at least $300 extra in their pockets every year.
"I know many students here are working a part-time job to help manage the bills, and we want to do what we can to make sure they are keeping more of the money they earn," Simon Crean said.
"Tripling the tax-free threshold means a lot of our students who are working a few hours between classes will no longer have to pay any tax at all. And they will no longer have to worry about filling out a tax return. They will get to keep every cent they earn from work."
