01 Jul 088 Treasurer's media releases on 1 July 2008 changesOn 30 June 2008, the Treasurer, Wayne Swan, issued 2 media releases. The first relates to the first instalment of the Rudd Government's $46.7 billion tax package, including tax cuts. The second relates to the Education Tax Refund, under which eligible families will be able to claim a 50% refund every year for key education expenses, up to specified caps. The latter change has not yet been legislated, but the Treasurer is advising parents to keep their receipts for education expenses from 1 July 2008.
For a copy of the tax package media release, No 2008/078, 30 June 2008, go here
For a copy of the Education Tax Refund media release, No 2008/077, 30 June 2008, go here
In relation to the Education Tax Refund, the Government has published a factsheet. For a copy, go here