Buried inside the 363 pages of the midyear economic update were clues about Labor’s plan for Australia
The treasurer, Jim Chalmers, and the finance minister, Katy Gallagher, speak to media during a Myefo news conference at Parliament House in Canberra.The treasurer, Jim Chalmers, and the finance minister, Katy Gallagher, speak to media during a Myefo news conference at Parliament House in Canberra.Here’s what you might have missed.After last year hiking fees for international student visas from $710 to $1,600, charges for temporary graduate visas will rise 14.75% from 1 February.
With the next federal election on the horizon, the federal government has allocated $25.1m over four years to combat “misleading or incorrect” content in electoral communications and political advertising.The midyear budget update includes $10m over two years for a “national public education campaign” to help prepare parents, young people and teachers for the social media ban for under-16s, which will officially start in November 2025 after laws passed federal parliament.
The government has allocated $76.1m over four years as the ban is rolled out, including $45.7m for the eSafety commissioner to oversee the new regime and enforce penalties on tech giants that fail to stop underage users accessing their platforms., the federal government will suspend the commercial broadcasting tax for commercial television and radio broadcasters for one year, starting on 9 June 2025.
The Myefo budget papers said R&D for gambling can “exacerbate addiction and associated harms, while activities related to tobacco can increase health risks”. “Excluding these activities will ensure that the government is not subsidising this type of research and development,” the papers said.
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