ALL >> General >> View Article
How Does The Federal Budget Update Affect Your Salary Packaging Arrangement?

On Tuesday, 29 March 2022. The Federal Government delivered its comprehensive 2022-23 Budget outlining many measures it intends to take to alleviate the cost of living for Australians.
For individuals that hold a salary packaging arrangement, no measures announced have an impact on your salary packaging or novated leasing arrangements with Eziway. You can continue to package as normal.
Here are some Federal Budget update changes around the cost of living that may be of interest to you:
· Temporary reduction of fuel excise: The Government will reduce the fuel excise by 50% for 6 months. This will see excise on petrol and diesel come down to 22.1 cents/ litre from 44.2 cents/ litre.
· Medicines will become cheaper: Through the Pharmaceutical Benefits Scheme (PBS) the Government is again reducing the Safety Net thresholds giving Australians more access to affordable prescription medicines without the need for large out-of-pocket expenses. The Government is also investing a further $2.4 billion to support access to cost-effective PBS medicines.
· More funding towards Aged Care Support: ...
... The Government is committing a further $468.3 million in support for the aged care sector, building on its commitment in 2021-22.
· One-off cost of living tax offset: From 1 July 2022, eligible individuals earning below $126,000 per annum will receive a one-off $420 cost of living tax offset. Combined with the Low- and Middle-Income Tax Offset (LMITO), eligible low- and middle-income earners will receive up to $1,500 for a single income household or up to $3,000 for a dual-income household.
If you have any questions about your Salary Packaging or Novated Leasing arrangements, please contact your dedicated Client Service Officer on 1800 932 394 or email us at admin@eziway.net.au
For more details visit our website: https://eziway.net.au/
Add Comment
General Articles
1. How Solicitors In Craigavon Handle Property DisputesAuthor: Jph Law
2. Car Suspension Repair Dubai – Drive Smooth, Stay Safe
Author: James
3. Top Choice For Apple Ipad Repair Dubai – Fast, Reliable, And Affordable
Author: James
4. Best Fan Designs By Industry – Id And Fd Fans
Author: Neel Rao
5. Chand Par Shayari In Hindi
Author: Banjit
6. British And Irish Lions Face Fitness Fears Before Brisbane Test
Author: eticketing.co
7. What Are A4-70 Bolts And Why Are They Important?
Author: Dalloyed Fastners
8. Is Apache Superset Right For You? 5 Alternatives To Consider
Author: Vhelical
9. Redash Alternative For Data Visualization
Author: Vhelical
10. Nfl Games: Chiefs-chargers Clash Amid Cbs Uncertainty
Author: eticketing.co
11. Ai-powered Affiliate Funnels? Fusion Ai 2025 Review Exposes The Truth
Author: Joshua thomson
12. Looking For A Nursery In Rolla Sharjah? Visit Bumble Bee Nursery Today!
Author: sharjah
13. Platinum 1000 l Stainless Steel Tank For Ro Water Storage: Pure, Safe & Durable
Author: amalagrawal
14. Best Double Meaning Shayari With Images
Author: Banjit
15. The Highwaymen’s Journey Through Time: From Roadside Paintings To Museum Walls
Author: Highwaymen Art Specialists