THE HON WARREN SNOWDON MP
Member for Lingiari
SENATOR TRISH CROSSIN
Senator for the Northern Territory
8 November 2011
The Member for Lingiari, Warren Snowdon and Northern Territory Senator, Trish Crossin today said that low and middle income households are now guaranteed to receive tax cuts or rises in their payments following today’s passage of the Government’s Clean Energy Future legislation by the Senate.
Much of the additional revenue raised by the sale of carbon permits would be used to help households, with the expected small impact on the cost of living following the introduction of a carbon price on 1 July 2012.
Mr Snowdon said that over 64,000 taxpayers throughout the Northern Territory will get a tax cut, with 53,000 taxpayers receiving at least $300 a year.
“As part of the tax cuts that come with the carbon price legislation, if you earn less than $18,200 a year you will no longer have to pay tax, which will greatly benefit those working part time across the Territory.”
Across the Northern Territory more than 50,700 people will also receive household assistance through increases to their pension or family assistance payments.
Mr Snowdon said specifically about 19,400 families will receive an increase in their family assistance payments which exceeds the potential cost of living increase due to the carbon price.
“In fact, a dual income household with one child and a combined annual income of $75,000 will be more than $500 a year better off, through the family payment increases.
The Government’s assistance package will also ensure that across the Northern Territory, more than:
19,100 pensioners will receive an extra $338 per year if the are single and up to $510 per year for couples combined
3,900 single parents will get an extra $289 per year in increased income support
11,100 jobseekers will get up to $218 extra per year for singles and $390 per year for couples combined
Senator Crossin said the carbon price would only be paid by around 500 of Australia’s biggest polluters, and that modelling, both independent and by federal Treasury, showed the expected flow on price rises would be less than one cent in the dollar.
“Pricing carbon has been supported by most leading economists, many prominent business leaders and every living Federal Liberal leader before Tony Abbott, including former Prime Ministers John Howard and Malcolm Fraser, as the most effective and cheapest way to reduce carbon emissions.”
“The passage of the Government’s Clean Energy Future legislation means we can now get on with the job of tackling climate change, and creating new clean energy jobs, while ensuring low and middle income households are not adversely impacted,” Senator Crossin said.
More information on the Government’s Clean Energy Future Plan is available at www.cleanenergyfuture.gov.au
Editor’s note: a list of the assistance that will be provided to households and small business is attached.
Media Contact: Alice Plate 0400 045 999
Carla Fernandes (Senator Crossin) 0407 619 383