Helping with Cost of Living

Our number one priority is helping Australians with the cost of living.

✅Achieved

In its first term, the Albanese Labor Government:

Delivered a tax cut for every Australian taxpayer.
Labor’s bigger and fairer tax cuts are helping Australians keep more of what they earn. We’ve made sure no one gets left behind.
Is delivering energy bill relief.
The Albanese Labor Government is providing $300 energy bill relief for every Australian household and $325 for small businesses.
Strengthened Medicare.
Labor tripled the bulk billing incentive for people who need to see their GP most often - helping pensioners, concession cardholders, and families with children.
Labor has restored bulk billing for 11 million Australians, creating an additional 6 million bulk billed GP visits.
Delivered cheaper medicines.
By delivering the biggest ever reduction in the cost of PBS prescriptions and freezing the cost of PBS medicines, Labor is making hundreds of medicines cheaper for Australians.
Cut student debt, and made sure that it never grows faster than wages.
Labor’s has wiped $3 billion in student debt and fixed the way indexation is calculated on student debt, to help with the cost of degrees and the cost of living.
Free TAFE
Labor’s Free TAFE is changing lives. Labor is delivering close to 600,000 Free TAFE places, helping Australians to gain skills and get ahead. Whether it’s child care or cybersecurity, accounting or aged care – with TAFE, you can be trained without worrying about the cost.
Delivered cheaper child care.
Labor’s cheaper child care reforms have helped more than one million families with the cost of living. Cheaper child care is providing working families with more choice, and helping children to access high quality early childhood education and care.
Delivered real wage increases for Australian workers.
Under Labor, real wages are growing again. And with our tax cuts, Australians are keeping more of what they earn.
Not only have we seen three consecutive pay rises for Australian workers on awards, Labor has delivered pay rises for aged care and early childhood education and care workers.

📢Announced

A re-elected Albanese Labor Government will:

Deliver new tax cuts for every taxpayer.
A re-elected Albanese Labor Government will ensure that all 14 million Australian taxpayers will receive a tax cut, on top of our tax relief that's already rolling out.
Deliver more energy bill relief.
Labor will provide more meaningful and sensible cost of living assistance, with an additional $150 in Energy Bill Relief for every Australian household and around one million small businesses.
Wipe 20% off student debt.
A re-elected Albanese Labor Government will wipe 20% off everyone’s student debt. Labor will also raise the repayment threshold and lower repayment rates to help Australians with the cost of living.
Strengthen Medicare with more free GP Visits and even cheaper medicine.
Labor will deliver the biggest ever boost to Medicare, delivering an additional 18 million bulk billed GP visits every year so Australians can see a bulk billing GP.
And we’ll make medicine even cheaper, so the most you’ll pay for a PBS medicine is just $25 a script.
Make it easier for Australians to get the urgent treatment they need.
Labor will expand its growing network of Medicare Urgent Care Clinics. We've already opened 87 free Medicare Urgent Care Clinics across Australia. Now we'll open 50 more.
Make Free TAFE permanent.
Labor is helping Australians to gain skills and get ahead by making Free TAFE permanent.
Deliver affordable child care, close to home.
A re-elected Labor government will guarantee eligibility for 3 days of subsidised child care a week for children who need it, and will build more child care centres across Australia
Continue the biggest ever housing build.
We want to help more Australians into a home of their own, and we’re doing everything we can to make that happen. That’s why Labor is starting the biggest ever housing build, training more tradies, and helping first homebuyers.
More help for first home-buyers.
A re-elected Labor Government will give all first home buyers access to 5 per cent deposits and invest $10 billion to build up to 100,000 homes for sale only to first home buyers.
A re-elected Albanese Labor Government will make the tax system simpler and deliver more cost-of-living relief by introducing a $1,000 instant tax deduction.
A re-elected Albanese Labor Government will legislate to protect penalty rates in awards, ensuring the wages of around three million workers do not go backwards.