Single parent families receiving Family Tax Benefit Part A will receive a new $750 annual allowance.
Families earning $65,000 or less will receive a subsidy of 85% of their child care fees (up to an hourly cap).
New childcare subsidies from July 1, 2007, will provide the biggest benefit to households with an annual income of $80,000, according to the Government calculations.
Small business owners will benefit from instant tax deductions for items under $20,000 and from tax cuts and discounts from July 1, 2015.
For those persons earning $180,000–plus, your tax rate will drop 2 cents from July 1, 2017.