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http://money.ninemsn.com.au/article.aspx?id=736995
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Workers earning up to $80,000 a year can expect a handout of $950, those on a salary of $80,000 to $90,000 will receive a $650, and $300 will be awarded to people earning between $90,000 and $100,000. Those on incomes above $100,000 will not receive a bonus.
* $42 billion for infrastructure, housing and school improvements, including new buildings and insulation for 2.7 million homes. Around $12.7 billion will allow one-off payments to low and mid-income taxpayers.
* $10.4 billion, mostly in pre-Christmas cash payments, to help the elderly, poorer families and first-home buyers. The October 14 announcement included A$4.8 billion for 4 million elderly, A$3.9 billion for family help and $1.5 billion to assist first-home buyers.
* $8 billion to fund residential mortgage backed securities in Sept/Oct as global lines of credit dried up.
* $6.2 billion in car industry assistance to help protect jobs and develop environmentally-friendly vehicles. The industry employs around 65,000 people and accounts for 6 percent of Australian manufacturing.
* $4.7 billion to fund infrastructure improvements over 2008-09, including rail projects to speed up exports. Government said in December the projects will add 0.25-0.5 percent to GDP.
* Government in September announces it will guarantee public bank deposits and wholesale funding to banks.
* $2 billion, to be matched by major banks, to protect commercial property investments should foreign lenders refuse to roll over loans due to mature over the coming two years.
* $300 million for local governments nationally to help with council infrastructure. |
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