Skip to content Skip to menu
Australian Government Coat of Arms

Budget | 2015-16

Budget 2015-16
Australian Government Coat of Arms, Budget 2015-16

Appendix D - Major initiatives

This table summarises the major initiatives in the 2015 Budget and their impact on the fiscal balance. More comprehensive information is provided in Budget Paper No. 2, Budget Measures 2015‑16.

Key Measures

2014‑15

$m

2015‑16

$m

2016‑17

$m

2017‑18

$m

2018‑19

$m

Total

$m

Families Package ‑ child care ‑ Workforce Participation Stream -1 -141 -277 -1,309 -1,472 -3,199
Medicare Benefits Schedule – changes to GP rebates – reversal -181 -646 -692 -718 -754 -2,991

Growing Jobs and Small Business – Youth Employment Strategy – revised

waiting period for youth income support

4 -462 -438 -447 -501 -1,845
Pharmaceutical Benefits Scheme – new and amended listings -7 -388 -391 -401 -387 -1,575
Families Package – National Partnership Agreement on Universal Access to Early Childhood Education – extension 0 -125 -420 -299 0 -843
Developing Northern Australia – Northern Australia Infrastructure Facility 0 -1 -327 -266 -206 -800
Automotive Transformation Scheme – revised implementation -100 -175 -150 -183 -175 -783
Western Australia Infrastructure Projects -499 0 0 0 0 -499
Operation Okra – continued support -3 -383 -22 -10 0 -418
Refugee resettlement arrangements for Illegal Maritime Arrivals in offshore processing centres -138 -252 0 0 0 -390
Families Package – Child Care Safety Net 0 -8 -79 -135 -105 -328
Families Package – more generous means testing arrangements for youth payments 0 -21 -75 -81 -85 -263
Digital Transformation Agenda – Stage One and establishment of the Digital Transformation Office 0 -118 -71 -41 -25 -255
National Partnership Agreement on Homelessness – extension 0 -115 -115 0 0 -230
Growing Jobs and Small Business – Youth Employment Strategy – Intensive Support – transition to work 0 ‑25 -61 -64 -62 -212

Total

‑924

‑2,859

‑3,118

‑3,956

‑3,773

‑14,630

Revenue items

2014‑15

$m

2015‑16

$m

2016‑17

$m

2017‑18

$m

2018‑19

$m

Total

$m

Growing Jobs and Small Business ‑ tax cuts for small business 0 ‑250 ‑950 ‑1,000 ‑1,050 ‑3,250
Growing Jobs and Small Business – expanding accelerated depreciation for small businesses 0 ‑250 ‑800 ‑850 150 ‑1,750
Personal income tax – modernising the methods used for calculating work-related car expense deductions 0 0 270 280 295 845
Strengthening Australia’s foreign investment framework 0 81 166 199 205 651
Personal income tax – changes to tax residency rules for temporary working holiday makers 0 ‑1 98 218 220 535
GST – compliance programme – three year extension 0 0 132 160 153 445
Cost Recovery of Citizenship and adjustment of Visa Application Charges 0 103 109 111 113 437
Personal income tax – better targeting the Zone Tax Offset to exclude ‘fly-in fly-out’ and ‘drive-in drive-out’ workers 0 0 105 110 110 325
Introducing a cap for salary sacrificed meal entertainment and entertainment facility leasing expenses 0 20 85 90 100 295

Total

0

‑297

‑785

‑681

296

‑1,467