Latest / She's On The Money / The 2024-2025 Federal Budget Wrap
Transcript
- 0:00Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
- 0:04Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
- 0:08Speaker 1: we get started on She's on the Money podcast, I
- 0:11Speaker 1: would like to acknowledge the traditional custodians of the land
- 0:14Speaker 1: of which this podcast is recorded on a wondery country,
- 0:18Speaker 1: acknowledging the elders, the ancestors and the next generation coming
- 0:22Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
- 0:27Speaker 1: and the storytelling of you to make a difference for
- 0:30Speaker 1: today and lasting impact for tomorrow.
- 0:33Speaker 2: Let's get into it.
- 0:34Speaker 3: She's on the Money, She's on the Money.
- 0:58Speaker 4: Hello, and welcome to She's on the Money, the podcast
- 1:00Speaker 4: for millennials who want financial freedom. You guys might have
- 1:04Speaker 4: noticed this episode is out a little bit late today,
- 1:06Speaker 4: but that is intentional because we did record it this morning,
- 1:09Speaker 4: fresh off the back of the Australian federal budget getting
- 1:13Speaker 4: handed down last night by Treasurer Jim Chalmers. That's such
- 1:17Speaker 4: a political name, Like.
- 1:19Speaker 2: Yeah, it's made really official. Yeah, he's like orient divine,
- 1:23Speaker 2: sounds like a stage name. Jim Chalmers, sounds like he's
- 1:27Speaker 2: in politics exactly.
- 1:28Speaker 4: Your Future was written for you.
- 1:29Speaker 2: Yeah, And to be honest, this is not the future
- 1:32Speaker 2: they thought I'd have with this game. But that's okay
- 1:34Speaker 2: because guess what we get to do.
- 1:36Speaker 4: What do we get to do?
- 1:37Speaker 2: Talk about my version of Eurovision? Which is the budget?
- 1:41Speaker 2: Like I mean, lots of people would have like said, oh,
- 1:43Speaker 2: isn't it your version of like the Errors Tour. No,
- 1:45Speaker 2: there's no such thing as my version of the Errors Tour.
- 1:48Speaker 2: The RAS Tour is gold level.
- 1:50Speaker 4: Oh okay, can't reach to that.
- 1:51Speaker 2: Yeah, but like Eurovision, I feel like it's comparable because
- 1:55Speaker 2: people don't care about Eurovision either, So I just feel
- 1:59Speaker 2: like it makes sense. But I'm very excited about this
- 2:02Speaker 2: because we get to dive into breaking up what happened
- 2:05Speaker 2: this year in the federal budget. We're going to do
- 2:08Speaker 2: it in a really approachable way. So you go, oh,
- 2:10Speaker 2: that makes sense as to why they might do that.
- 2:13Speaker 2: But we aren't going to be getting into all of
- 2:15Speaker 2: the nitty gritty. We are just going to be getting
- 2:17Speaker 2: into the things that we think are important for our community. Sure,
- 2:21Speaker 2: and also, we didn't want this to be too lengthy, Like,
- 2:24Speaker 2: if you wanted it to be lengthy, why didn't you
- 2:26Speaker 2: just plaunch the budget last night?
- 2:28Speaker 1: Or you know.
- 2:29Speaker 4: Exactly exactly, so hopefully you can E L I five
- 2:34Speaker 4: explain like I'm five.
- 2:35Speaker 2: Yeah, do we care?
- 2:37Speaker 4: Yeah, it's a Reddit term. That's really I'm really out
- 2:39Speaker 4: of myself. Yeah, I probably I'm not on Reddit all
- 2:41Speaker 4: the time.
- 2:42Speaker 2: I am, I am, I was finance, I'm there, I
- 2:45Speaker 2: live there. I mean, you and I probably on different
- 2:47Speaker 2: sides of Reddit. But TLDR, why do we care about
- 2:51Speaker 2: the federal budget?
- 2:52Speaker 4: Basically is what I'm asking? Why do we care so
- 2:54Speaker 4: much about it?
- 2:54Speaker 1: So?
- 2:55Speaker 2: The federal budget is essentially the government's plan for how
- 2:58Speaker 2: it's going to collect and money for the coming financial year.
- 3:02Speaker 2: It's a legit budget. It's not a different complex term.
- 3:05Speaker 2: They're sitting down and they're doing their budget and their
- 3:07Speaker 2: cash flow just like we do. And it's a pretty
- 3:10Speaker 2: big driver for behind how we vote. So for you
- 3:14Speaker 2: and I, we might look at it and go, well, actually,
- 3:17Speaker 2: if this is what this government is proposing with the budget,
- 3:21Speaker 2: do I align with that or not? Is this in
- 3:23Speaker 2: line with my values? Do I still support this government?
- 3:26Speaker 2: What does that mean? Because in some way, shape or
- 3:29Speaker 2: form is going to impact us all irrespective of whether
- 3:33Speaker 2: you care or not. I mean, there is a nice
- 3:35Speaker 2: little energy bonus that's going to impact us all. So
- 3:37Speaker 2: we do get some cash, so you should be interested.
- 3:41Speaker 2: But the opposition is also going to announce their proposed budget,
- 3:46Speaker 2: which is going to be able to counter what the
- 3:48Speaker 2: budget that actually came out last night says. Right, so
- 3:51Speaker 2: they might go, oh my gosh. For housing, this government
- 3:54Speaker 2: said we were going to do X, Y and z,
- 3:56Speaker 2: but we wouldn't do that, we'd do something else. Because
- 3:59Speaker 2: essentially the oppositian want to get your votes as well,
- 4:02Speaker 2: so they're trying really hard to get people on side
- 4:05Speaker 2: with the budget. The budget's meant to be exciting. I
- 4:08Speaker 2: don't know if you saw that, because, to be honest, well,
- 4:11Speaker 2: they're not that good at marketing.
- 4:12Speaker 4: Hey, that's okay. It's very hard to make the budget
- 4:15Speaker 4: sound exciting.
- 4:16Speaker 2: But I've been trying for literal years to make budgets
- 4:19Speaker 2: sound exciting. And this budget it went from everything from
- 4:23Speaker 2: taxing to banking. They talked about superannuation, they talked about
- 4:26Speaker 2: green energy, infrastructure, they talked about health, they talked about defense,
- 4:30Speaker 2: women's safety, they talked about economic security and changes to
- 4:34Speaker 2: hex's debts, which is very nice, cool and Australia's federal
- 4:38Speaker 2: budget announcements. They impact literally everybody. So buckle up because
- 4:44Speaker 2: we are going to break it down so that you
- 4:46Speaker 2: feel really empowered by this. But also it's not so overwhelming.
- 4:50Speaker 4: Okay, I just really quickly want to ask you because
- 4:52Speaker 4: I'm coming with completely fresh I know, yeah, no questions please,
- 4:55Speaker 4: but I just want to say it's all sounding very
- 4:58Speaker 4: clear to me, but I do want to know. So
- 4:59Speaker 4: the budget is currently, this is implemented like, this is confirmed,
- 5:03Speaker 4: and then the opposition will come in with a proposed
- 5:06Speaker 4: different budget.
- 5:07Speaker 2: Is that going to be nothing set in stone? Ok
- 5:10Speaker 2: it's your fun part about the budget, right, So this
- 5:14Speaker 2: is a budget that our current government is working towards.
- 5:17Speaker 2: The opposition will put out what they think is a
- 5:19Speaker 2: better option for the budget in the hopes that more
- 5:22Speaker 2: people support them next time we vote. Okay, however, nothing
- 5:26Speaker 2: set in stone is politics until it happens. Okay, until
- 5:31Speaker 2: it happens. At the end of the day. How many
- 5:33Speaker 2: times will we see governments promise things they never come
- 5:35Speaker 2: to fruition?
- 5:36Speaker 4: So true?
- 5:37Speaker 2: Sorry Elbow, sorry elbow, sorry Albow. We still like you, Albow.
- 5:40Speaker 4: Okay, So really quickly, VD, let's go through a quick
- 5:45Speaker 4: wrap what was actually promised.
- 5:47Speaker 2: Lots was promised, lots and lots. But let's divide this
- 5:50Speaker 2: all up into little subdivisions. I feel like having some
- 5:54Speaker 2: topics makes it easier to have a conversation. So first
- 5:58Speaker 2: things first, because he lives, let's talk about the rising
- 6:02Speaker 2: cost of living at the moment, and obviously that was
- 6:05Speaker 2: hot topic when it came to what we're talking about
- 6:07Speaker 2: last night in the budget. Definitely money win. Every single
- 6:11Speaker 2: household in Australia is now going to get three hundred
- 6:14Speaker 2: dollars off their energy bill, and then small businesses they
- 6:18Speaker 2: are being extended a three hundred and twenty five dollars
- 6:21Speaker 2: discount on their energy bills.
- 6:23Speaker 4: Great, just once off. I'm assumed, like.
- 6:25Speaker 2: Not consistently, it would be nice. It was consistent, it
- 6:28Speaker 2: would be pretty nice across the country. This relief package,
- 6:31Speaker 2: that's what they call it, a relief package, is worth
- 6:33Speaker 2: about three and a half billion dollars, So that's a
- 6:36Speaker 2: pretty big spend. But cousey, lives are high and pretty
- 6:40Speaker 2: sure everyone's going to be pretty happy to have an
- 6:43Speaker 2: extra three hundred dollars in their back pocket totally, and
- 6:45Speaker 2: it is also rising in cost. Yeah, I feel like
- 6:48Speaker 2: my energy bill is so much more expensive this year
- 6:51Speaker 2: than it was last year. So I don't think this
- 6:54Speaker 2: was a terrible idea. I think it was a really
- 6:55Speaker 2: good idea.
- 6:56Speaker 4: That's really cool. And I'm assuming like you probably google
- 6:58Speaker 4: this that I should myself. But you this is going
- 7:00Speaker 4: into the bank accounts or this is going like taking
- 7:02Speaker 4: off the.
- 7:03Speaker 2: So for you, it's just going to come off your
- 7:05Speaker 2: balance of your bills, so it'll be a line item.
- 7:07Speaker 2: And the same thing is true for small business owners.
- 7:09Speaker 2: Probably for the best, I would spend that on absolutely
- 7:11Speaker 2: ridiculous things. Yeah, Like, I'm glad they're not giving people
- 7:14Speaker 2: cash because it'll be like the time the budget had
- 7:17Speaker 2: those bonuses and everyone went out and bought flat screen TVs.
- 7:20Speaker 4: Good for the economy though that.
- 7:22Speaker 2: Happened, But at the moment, we're not trying to boost
- 7:24Speaker 2: our economy because inflation is just rising and rising. Oh yeah,
- 7:28Speaker 2: next topic I've got under Cozy Leaves BABS is rent.
- 7:32Speaker 2: Rent is so so expensive and hard at the moment,
- 7:35Speaker 2: And they proposed last night the one point nine billion
- 7:39Speaker 2: dollars is going to be introduced to fund rent subsidies
- 7:42Speaker 2: for welfare recipients. So I think that's very exciting. So
- 7:45Speaker 2: that's going to happen over the next five years, so
- 7:48Speaker 2: implemented from September this year. Australians who receive government assistants
- 7:53Speaker 2: to pay their rent, so that's people who receive Scentlink,
- 7:56Speaker 2: they're going to get an extra ten percent of rent assistance.
- 7:59Speaker 4: Okay, that's really cool.
- 8:00Speaker 2: I think that's elite because we know that inflation last
- 8:04Speaker 2: year was seven point one percent. We do know, and
- 8:07Speaker 2: I could get into a whole conversation about the rising
- 8:09Speaker 2: cost of rent. Rent was more than that. But at
- 8:12Speaker 2: least this rise is higher than inflation, so that's important. Like,
- 8:17Speaker 2: if they've only done five percent, they wouldn't even be
- 8:19Speaker 2: keeping up with the rising cost of living. So at
- 8:22Speaker 2: least they're doing a bit more than that. But as
- 8:24Speaker 2: you know, rent is exorbitant at the moment. We're hearing
- 8:27Speaker 2: stories of people raising the rent by fifty percent and whatnot,
- 8:31Speaker 2: and so I think more needs to be done in
- 8:33Speaker 2: this space. Last year, though notable, the government in their
- 8:37Speaker 2: budget in twenty twenty three they boosted rent assistance payments
- 8:41Speaker 2: by fifteen percent. So this is a five percent decrease
- 8:44Speaker 2: on what happened last year, but still nothing to sneeze at,
- 8:47Speaker 2: Like it's still good that's true. Better than zero, yeah, exactly, exactly.
- 8:52Speaker 2: The same is true if we talk about tax cuts.
- 8:55Speaker 2: So as you know, we've been talking on the show
- 8:58Speaker 2: already that tax cuts or Stage three tax cuts were
- 9:02Speaker 2: already announced. So under those changes, they just reiterated it
- 9:06Speaker 2: last night in the budget. Essentially all taxpayers who earn
- 9:11Speaker 2: more than eighteen thy two hundred dollars, which is like
- 9:13Speaker 2: the baseline, they're going to pay less tax from July
- 9:17Speaker 2: this year.
- 9:17Speaker 4: Cool money win.
- 9:19Speaker 2: So for example, those who earn between eighteen thousand and
- 9:22Speaker 2: forty five thousand dollars, they're going to be paying three
- 9:26Speaker 2: percent less tax on every dollar that they earn. Great
- 9:30Speaker 2: in the coming year, which I think is really important.
- 9:33Speaker 2: But I think they could have done more.
- 9:35Speaker 4: M because it's only for that bracket, is it, No, it's.
- 9:38Speaker 2: For all brackets. For every single Australian earning more than
- 9:42Speaker 2: eighteen two hundred dollars is going to get a tax cut.
- 9:45Speaker 2: Great bar. I'm of the opinion tax reach. I so
- 9:50Speaker 2: like they got the tax cuts as well, and I
- 9:53Speaker 2: would have you know, this is just me pitching to
- 9:55Speaker 2: b PM. I would have liked to see a bit
- 9:58Speaker 2: more of a step tax cuts. So those people on
- 10:03Speaker 2: lower incomes got a higher tax cut than those on
- 10:05Speaker 2: higher incomes.
- 10:06Speaker 4: Yeah, that would make so much sense, right, I.
- 10:09Speaker 2: Would have thought so, But that is not how it happened,
- 10:11Speaker 2: My love, that it's not how it happened. But we're
- 10:13Speaker 2: not getting into that at the moment because we still
- 10:15Speaker 2: have so much to go through job seeker. So if
- 10:18Speaker 2: you are on job seeker, anyone on income support payments
- 10:22Speaker 2: who can work up to fourteen hours a week are
- 10:25Speaker 2: going to be eligible for a higher job seeker payment
- 10:28Speaker 2: compared to their current rate. So the budget forecast's unemployment
- 10:33Speaker 2: is actually going to increase. So at the moment, current
- 10:36Speaker 2: unemployment is sitting at three point eight percent and it's
- 10:40Speaker 2: apparently going to increase to four and a half percent,
- 10:42Speaker 2: which is genuinely a massive increase, Like that's not little,
- 10:47Speaker 2: that's actually quite big. And essentially, the unemployment rate it
- 10:51Speaker 2: measures the percentage of people who are looking for work
- 10:54Speaker 2: but couldn't find any So not people who just don't
- 10:58Speaker 2: work in general, Y, it's people who are looking for
- 11:00Speaker 2: work but can't find a job, which I think kind
- 11:03Speaker 2: of terrifying. That increasing just not fair. Medicine, PBS really
- 11:09Speaker 2: expensive still under CASEY lives. I've popped it under here
- 11:12Speaker 2: because they feel like the rising cost of medication is wild.
- 11:17Speaker 2: The government has announced a one year freeze on the
- 11:20Speaker 2: maximum amount that Australians with a Medicare card can pay
- 11:23Speaker 2: for medicine on the PBS. That's pretty exciting. What does
- 11:27Speaker 2: that mean you're looking at?
- 11:28Speaker 4: I mean, I don't know why, but the whole sentence.
- 11:32Speaker 2: It means that Australians with a Medicare card aren't going
- 11:34Speaker 2: to pay more than thirty one dollars and sixty cents
- 11:37Speaker 2: for a Pharmaceutical Benefits Scheme prescription. Okay, so it's going
- 11:43Speaker 2: to be capped so they can't increase the cost of
- 11:46Speaker 2: our medication because obviously, if your medication, it's necessary. They're
- 11:50Speaker 2: saying that the freeze is going to be extended for
- 11:53Speaker 2: pensioners and other concession holders for five years. It's not
- 11:56Speaker 2: for everyone, so right now it's a one year freeze
- 11:58Speaker 2: for everyone, but pension isn't. Concession card holders they get
- 12:01Speaker 2: it for five years and it will essentially ensure that
- 12:04Speaker 2: people in that basket whom sixty percent of pbsscripts go to,
- 12:10Speaker 2: they won't pay more than seven dollars seventy for a prescription.
- 12:14Speaker 4: Oh fantastic.
- 12:15Speaker 2: So that's okay, I think really really important.
- 12:17Speaker 4: Yeah, that's great.
- 12:18Speaker 2: Supermarkets, This is exciting. This is exciting because we keep
- 12:22Speaker 2: being like, how are you guys? And I would swear that,
- 12:25Speaker 2: like you have such insane profits, yet you're increasing the
- 12:31Speaker 2: price of things that we can't live without, Like we're
- 12:34Speaker 2: not talking about oh my god, the magnums of the
- 12:36Speaker 2: supermarket are more expensive Covia talking like flour and bread
- 12:40Speaker 2: and milk and things that are necessary. But the government
- 12:43Speaker 2: has announced you know, Choice dot com dot a use
- 12:46Speaker 2: in a familiar it's like a comparison website. Yeah, they
- 12:49Speaker 2: are a customer advocacy group. They're going to start publishing
- 12:53Speaker 2: quarterly reports on grocery prices, so a little bit of
- 12:58Speaker 2: a deep dive. And essentially the idea with this is
- 13:02Speaker 2: to keep an eye on the comparison costs of essentials
- 13:06Speaker 2: as I said, bread, vegetables, milk, household products from woolies
- 13:10Speaker 2: and from coals, the two main players here in Australia.
- 13:13Speaker 2: And the first report will happen in June. Okay, not
- 13:16Speaker 2: necessarily a cost thing for us, but they're going to
- 13:21Speaker 2: be held more to account than they have ever been before,
- 13:24Speaker 2: so I think that that is really important, and that's
- 13:27Speaker 2: probably what I would put under the cozy Libs heading.
- 13:29Speaker 4: Yeah, okay, that's really all sounds pretty promising.
- 13:32Speaker 2: Three hundred bucks. I think that's what I stuck on.
- 13:36Speaker 4: Yeah, I'm still there. Actually about you? Do you want
- 13:39Speaker 4: to tell me about education and students?
- 13:41Speaker 2: All right? So, in exciting news for people who were
- 13:46Speaker 2: students or our students, the government's decided to wipe three
- 13:50Speaker 2: billion dollars in hextats. Cool honeywin. It's part of their
- 13:55Speaker 2: overhaul of the student debt repayment system. It was essentially
- 13:58Speaker 2: confirmed as a pre budget and anouncement last week. We're
- 14:01Speaker 2: talking about it. However, last night it was confirmed and
- 14:04Speaker 2: actually included in the budget. So essentially what has happened
- 14:08Speaker 2: is every year, as we know, HEX debts increase in
- 14:12Speaker 2: line with inflation, so there's technically no interest due on
- 14:16Speaker 2: this debt, but it always increases with inflation, which essentially
- 14:20Speaker 2: feels like interest anyway. To be honest, at this point,
- 14:24Speaker 2: I think if I offered you an interest rate, you'd
- 14:26Speaker 2: take that over the seven point one percent inflation that
- 14:29Speaker 2: we got on our HEX debts last year. But under
- 14:32Speaker 2: this system, the rate of indexation is going to be
- 14:35Speaker 2: determined by whichever is lower, so whether it is indexation
- 14:40Speaker 2: or inflation, so consumer price index, which is essentially inflation,
- 14:44Speaker 2: or the wage price index, which I think is far
- 14:48Speaker 2: more fair, and that's how much our wages go up
- 14:51Speaker 2: each year. So they're going to pick the number that
- 14:53Speaker 2: is lowest and increase our hex based on that instead
- 14:58Speaker 2: of on inflation as a whole. Right, So currently the
- 15:02Speaker 2: lower of these is inflation, so it's at three point
- 15:06Speaker 2: six percent, but that scheme is going to be backdated
- 15:10Speaker 2: because last year we paid seven point one percent, and
- 15:13Speaker 2: that means that what's going to happen is they going
- 15:16Speaker 2: to give us a refund Again. I know you're gonna
- 15:18Speaker 2: ask if you're gonna get it in cash in your
- 15:20Speaker 2: brank account. You are not, but it could be because
- 15:23Speaker 2: it will be a refund that you get on your
- 15:25Speaker 2: tax return this year. Oh, so it'll be something that
- 15:29Speaker 2: is calculated at tax time. The other thing I want
- 15:32Speaker 2: to talk about, and we've spoken about it on the
- 15:34Speaker 2: show before, is my distain for people doing prack without
- 15:41Speaker 2: being paid. They go and they do these unpaid placements,
- 15:44Speaker 2: which I think is absolutely insane, and they have said
- 15:48Speaker 2: now that nursing midwiffree, teaching and social work students will
- 15:52Speaker 2: be eligible for weekly payments during mandatory practical placements.
- 15:57Speaker 4: That's really cool.
- 15:58Speaker 2: Very cool. I've got a bit of a to pick here, though,
- 16:01Speaker 2: because they've said that students will be eligible to receive
- 16:03Speaker 2: three hundred and twenty dollars a week payment from July
- 16:07Speaker 2: next year, not this year, during their placement.
- 16:10Speaker 4: That's very low.
- 16:12Speaker 2: Yes, exactly what can you buy with that? That's well,
- 16:15Speaker 2: that's not even minimum wage. That's so so I look
- 16:19Speaker 2: at it and I go, oh, we were doing so well.
- 16:22Speaker 2: You guys said it was going to be great. You
- 16:24Speaker 2: said we're gonna start paying people for their time. And
- 16:28Speaker 2: I calculated it. If you are working a prack, it
- 16:31Speaker 2: is thirty nine hours a week, let's say. And all
- 16:34Speaker 2: of these students are going to jump down my throat
- 16:36Speaker 2: and be like, it's more hours than that. I know,
- 16:38Speaker 2: but I had to pick a normal number, and I
- 16:41Speaker 2: calculated it. If it was you know you, I've reached
- 16:43Speaker 2: thirty eight hours a week, the hourly rate would be
- 16:46Speaker 2: eight dollars and forty six cents back, which is still
- 16:48Speaker 2: not en us to do anything.
- 16:50Speaker 4: My god, I feel like it's less offensive to get
- 16:53Speaker 4: zero dollars, do you.
- 16:54Speaker 3: Know what I mean?
- 16:54Speaker 2: It's actually better to go on to send a link.
- 16:56Speaker 4: Yeah.
- 16:57Speaker 2: I'm not saying that as a flippant like halh ah senink.
- 17:00Speaker 2: I'm saying that as a we have people in caring
- 17:05Speaker 2: professions that are bettering our society and we don't value them.
- 17:10Speaker 2: And then you hand something like this down, which could
- 17:13Speaker 2: have been stunning. Beck. You could have even said we're
- 17:16Speaker 2: going to pay the minimum wage.
- 17:17Speaker 1: Ye.
- 17:18Speaker 2: Great, minimum wage means they can afford technically on minimum wage.
- 17:22Speaker 2: This isn't an argument we're starting. They could afford to
- 17:25Speaker 2: put a roof over their head and food on the table. Yeah,
- 17:27Speaker 2: you can't do that with three hundred and thirty dollars.
- 17:30Speaker 2: That amount of money is, from my perspective, a privileged
- 17:35Speaker 2: amount of money, because if you're getting paid that, you
- 17:39Speaker 2: might live at home, and then that money would be
- 17:42Speaker 2: okay to earn. Right, Like, if you're living at home,
- 17:44Speaker 2: three hundred and thirty bucks, if you're in the privileged
- 17:47Speaker 2: position where you don't pay rent and you don't pay
- 17:48Speaker 2: board and you don't have to put food on the table,
- 17:50Speaker 2: well yeah, maybe you could get away with that amount
- 17:53Speaker 2: of money per week. But a lot of people live
- 17:56Speaker 2: out of home, a lot of people do not have
- 17:58Speaker 2: that privilege. And you're saying that they have to do
- 18:00Speaker 2: their thirty eight hours a week minimum prack plus part
- 18:03Speaker 2: time jobs. That's unfair.
- 18:05Speaker 4: That's really unfair.
- 18:06Speaker 2: That's unfair. We're not talking about you know, accounting students here,
- 18:10Speaker 2: and don't get me wrong, finance is very sexy. We're
- 18:12Speaker 2: talking about people who want to care for others, who
- 18:15Speaker 2: want to look after our society, and you're not putting
- 18:18Speaker 2: them first.
- 18:20Speaker 4: We need these people.
- 18:21Speaker 2: Did we not learn anything through COVID that our frontline
- 18:24Speaker 2: workers and our caring professionals were the most important. Yeah,
- 18:27Speaker 2: we always knew it, but you never highlighted it. COVID
- 18:30Speaker 2: really highlighted that. And this is how they're being repaid.
- 18:33Speaker 4: And anyone thinking is that. I'm like, I'm hoping that
- 18:36Speaker 4: it doesn't eat until like if you get like a
- 18:38Speaker 4: youth allowance, what's it called, the one where you studying
- 18:42Speaker 4: study your life, study assists, study assists. Sorry, I hope
- 18:44Speaker 4: it doesn't eat into that at all.
- 18:46Speaker 2: That I haven't looked up the semantics because I didn't
- 18:48Speaker 2: want to get even more mad. But essentially that is
- 18:51Speaker 2: expected to cost our government one point six billion dollars
- 18:54Speaker 2: over the next ten years, and personally, I think it
- 18:56Speaker 2: should be costing them.
- 18:57Speaker 4: More fair enough. Take my three hundred from the energy
- 19:00Speaker 4: bill and give it to them.
- 19:02Speaker 2: So the next apprentices, So the government is going to
- 19:06Speaker 2: spend two hundred and sixty five million dollars to boost workers'
- 19:10Speaker 2: numbers in fields where there are a whole heap of
- 19:12Speaker 2: skills shortages. So this includes some support for apprentices and
- 19:17Speaker 2: traineeships in areas like construction. So for example, they're now
- 19:21Speaker 2: saying that an apprentice will be paid five thousand dollars
- 19:24Speaker 2: instead of the three thousand dollars they were being paid before.
- 19:27Speaker 2: And employers are going to be receiving a five thousand
- 19:30Speaker 2: dollars like hiring incentive to hire and train more people
- 19:33Speaker 2: for these sectors, which kind of exciting, But the bonus
- 19:38Speaker 2: was four thousand dollars last year, so it's not much
- 19:40Speaker 2: of a step up, And to be honest, it's a
- 19:42Speaker 2: big responsibility to take somebody on in an extra thousand dollars.
- 19:45Speaker 2: Hopefully isn't the motivation to get them across the line,
- 19:48Speaker 2: from my perspective on to bigger and better things. For
- 19:52Speaker 2: students and education Beck. The government also announced a new target.
- 19:57Speaker 2: They want eighty percent of Australia's working population to have
- 20:01Speaker 2: tertiary qualifications by twenty fifty.
- 20:05Speaker 4: Okay, that's a.
- 20:06Speaker 2: Lot of pressure.
- 20:07Speaker 4: It's a lot of pressure. How do they get there?
- 20:09Speaker 2: So that's about a twenty percent increase on what is
- 20:12Speaker 2: currently happening. And the government basically announced that three point
- 20:16Speaker 2: eight billion dollars is going to be spent over the
- 20:18Speaker 2: next ten years to achieve this goal. And essentially what
- 20:21Speaker 2: they want to do is make TAFE and university courses
- 20:24Speaker 2: more accessible, and they want to give TAFE and universities
- 20:28Speaker 2: more funding if they provide dedicated support to people with
- 20:32Speaker 2: diverse and disadvantaged backgrounds, which I am all for. But
- 20:37Speaker 2: I'm also wondering why we are still prioritizing tertiary qualifications.
- 20:44Speaker 2: Have we not proven that you don't need a qualification
- 20:47Speaker 2: to be successful? Like how does that play into it?
- 20:51Speaker 2: I don't know. I don't know, especially in twenty twenty four. Like,
- 20:54Speaker 2: don't get me wrong, we still need our nurses and doctors, yes,
- 20:57Speaker 2: to go to university, can't just hop into that job.
- 21:01Speaker 2: But I feel like there's a lot more value in
- 21:04Speaker 2: on the job experience these days, and like, I don't know,
- 21:07Speaker 2: I agree, I don't know. But university access the budget
- 21:11Speaker 2: includes thirty five million dollars back to boost free bridging courses.
- 21:16Speaker 2: So these are prep programs that are planning to provide
- 21:19Speaker 2: students with more pathways to university. So as you know,
- 21:22Speaker 2: right now, there's like a standard pathway to get into
- 21:25Speaker 2: UNI for someone who's just finished year twelve, and then
- 21:28Speaker 2: there's like a mature age student access point. But they're
- 21:31Speaker 2: now going to invest more in bridging courses which will
- 21:35Speaker 2: teach students the basic skills that are required for undergraduate study.
- 21:39Speaker 2: So about twenty five thousand students took prep courses in
- 21:43Speaker 2: twenty twenty two and the government is trying to increase that.
- 21:46Speaker 2: So they're going to roll out a fee free UNI
- 21:48Speaker 2: Ready course next year. Cool, okay, yeah, which is kind
- 21:52Speaker 2: of cool because I think university study isn't easy, and
- 21:56Speaker 2: I think that a lot of people just go to UNI,
- 21:59Speaker 2: but it's not in anything like school. If you've been
- 22:01Speaker 2: it's very self driven, self motivated, like you've got to
- 22:05Speaker 2: actually kind of learn how to study. So I think
- 22:07Speaker 2: this is a very good idea because a lot of
- 22:09Speaker 2: people would go into university and like fail a few
- 22:12Speaker 2: courses or like a couple of semesters because they're just
- 22:15Speaker 2: not prepared to do the work. And it's not because
- 22:18Speaker 2: they're not motivated, it's because they just don't know how
- 22:21Speaker 2: So I think this is a good idea. But also
- 22:24Speaker 2: give it to the nurses, you know.
- 22:27Speaker 4: Yes, scrape some cream off the top of everything. Give
- 22:30Speaker 4: it to them.
- 22:31Speaker 2: How about instead of university ready courses, we just don't
- 22:36Speaker 2: charge nurses to go to school.
- 22:38Speaker 4: Yeah, that's any frontline worker totally.
- 22:40Speaker 2: Oh you want to be a paramedic, go ahead, my friend,
- 22:43Speaker 2: you don't have to pay for that privilege because you're
- 22:45Speaker 2: looking after us.
- 22:47Speaker 4: I think you'd be a politician personally.
- 22:48Speaker 2: I'm not going to be a politician because I'd be
- 22:50Speaker 2: canceled quicker than Pauline Handsome.
- 22:53Speaker 4: I don't know.
- 22:53Speaker 2: But has she really been canceled because she's still still
- 22:57Speaker 2: out and about questionable. Do you want something sexy about education?
- 23:02Speaker 4: Yes? Please?
- 23:03Speaker 2: Fee free tafe?
- 23:04Speaker 4: Oh yeah I like that?
- 23:05Speaker 1: Yeah?
- 23:05Speaker 2: Yeah, cool? Cool. So we already know that a lot
- 23:07Speaker 2: of tape courses are free, but the government's going to
- 23:10Speaker 2: fund twenty thousand additional extra fee free tafe places over
- 23:14Speaker 2: the next three years, and that's going to cost them
- 23:16Speaker 2: about eighty nine million dollars. The other people that I
- 23:20Speaker 2: want to talk about who don't get enough credit childcare workers.
- 23:23Speaker 2: So the government's also going to put aside some funding
- 23:27Speaker 2: to increase wages for childhood education and care workers, which
- 23:32Speaker 2: very important, but they don't have the information on that
- 23:36Speaker 2: at this point in time. They're like, hey, we'll just
- 23:38Speaker 2: get back to you. But they are saying that purely
- 23:41Speaker 2: because there's actually a case currently before the Fair Work
- 23:44Speaker 2: Commission and they can't give us solid numbers yet. Okay,
- 23:48Speaker 2: the fact that there's a case currently before the Fair
- 23:50Speaker 2: Work Commission should tell you that they're not being paid
- 23:52Speaker 2: properly to begin with. Yes, exactly, So this shouldn't be
- 23:55Speaker 2: a little like, oh my god, we're finally budgeting for it.
- 23:58Speaker 2: It's like, oh, no, you've got to fix what you
- 24:00Speaker 2: best up. Yeah, unacceptable, But I think that that is
- 24:03Speaker 2: going to cover our education and students section. Okay, I
- 24:07Speaker 2: think it's enough for now. You're like, I'm done here.
- 24:10Speaker 2: I'm going to go off you.
- 24:11Speaker 4: That is so much information. Let's go to a really
- 24:13Speaker 4: quick break and on the flip side, we're.
- 24:16Speaker 2: Going to talk about health and housing and my spicy
- 24:19Speaker 2: opinion on the fact that women had their own section
- 24:22Speaker 2: of the budget. So don't go anywhere, guys.
- 24:28Speaker 4: Welcome back everyone, all right, b D, let's jump straight
- 24:32Speaker 4: back in. Yeah, let's talk about drugs.
- 24:33Speaker 2: Yes, sick, because that's where we're at. We're going to
- 24:36Speaker 2: talk about health.
- 24:37Speaker 4: Okay, cool topic.
- 24:39Speaker 2: Oh my god, I knew it would be. So we
- 24:42Speaker 2: already spoke about the medicine freezing, which is sligh. We
- 24:46Speaker 2: also spoke about Medicare. So the government has finally given
- 24:49Speaker 2: us there's some more details on how they're planning to
- 24:51Speaker 2: spend the one point two billion dollars that they planned
- 24:54Speaker 2: to spend on strengthening Medicare services. So this was agreed
- 24:59Speaker 2: late last year that they would actually increase the Medicare
- 25:03Speaker 2: services slay, but they've now announced their plans to increase
- 25:07Speaker 2: the number of Medicare urgent clinics. Which I think is
- 25:10Speaker 2: really important is that like, that's not that's different to Yes,
- 25:13Speaker 2: it's not an emergency department. They are essentially a center
- 25:16Speaker 2: that is designed to reduce the burden of hospital emergency departments.
- 25:20Speaker 2: So they're kind of like, let's go to the doctor
- 25:24Speaker 2: because I broke my arm, Like that's not life threatening,
- 25:27Speaker 2: but you could go to an urgent clinic and have
- 25:30Speaker 2: that fixed without having to go to an emergency department
- 25:34Speaker 2: where you know, someone could be having a catastrophic event. Right, Like,
- 25:38Speaker 2: it's going to take the pressure of those emergency departments
- 25:42Speaker 2: for real emergencies.
- 25:44Speaker 4: Essentially, so much sense to have something between the two,
- 25:46Speaker 4: because it's like either you're like you've got a cold
- 25:49Speaker 4: or you're about to die, Like there's something in between them.
- 25:51Speaker 2: And like, don't get me wrong, lots of people go
- 25:53Speaker 2: to the emergency department because they don't have any other options. Yeah,
- 25:57Speaker 2: but this will be that middle ground where it's like,
- 25:59Speaker 2: you know, you've got to sick kid, and you're like,
- 26:01Speaker 2: oh my gosh, what do I do? This feels like
- 26:02Speaker 2: an emergency and you want to go to emergent. It'll
- 26:05Speaker 2: be that little middle ground. So they're planning on spending
- 26:08Speaker 2: two hundred and twenty seven million dollars over the next
- 26:11Speaker 2: two years to fund a total of twenty nine new
- 26:14Speaker 2: urgent care clinics, including in Regional Australia COOL which very
- 26:20Speaker 2: important reproductive health. I feel like we talk about reproductive
- 26:24Speaker 2: health all the time in this community and it's finally
- 26:28Speaker 2: getting a little bit more attention. Beck. So the government
- 26:31Speaker 2: they're going to be investing fifty six million dollars over
- 26:33Speaker 2: the next four years to improve women's access to sexual
- 26:37Speaker 2: and reproductive health care.
- 26:38Speaker 4: Cool.
- 26:39Speaker 2: I think that is definitely the bare minimum. Yes, absolutely,
- 26:43Speaker 2: because it's yeah, I'll get onto this in a hot second.
- 26:45Speaker 2: As to why I started, I have thoughts and feelings.
- 26:48Speaker 2: But the other thing that is very cool is free
- 26:51Speaker 2: menstrual hygiene products are going to be offered in rural
- 26:54Speaker 2: and remote First Nations communities and it's going to cost
- 26:58Speaker 2: the government twelve point five million dollars to roll out
- 27:00Speaker 2: this game, and I think that is money well spent.
- 27:03Speaker 2: And then funding is also being directed towards research around
- 27:07Speaker 2: miscarriages and sexual and reproductive health, and that's gonna include
- 27:11Speaker 2: I don't think this is a lot, but seven million
- 27:14Speaker 2: dollars on miscarriage education and awareness and for women and
- 27:17Speaker 2: families impacted by stilbirth and miscarriages. Now, seven million dollars
- 27:22Speaker 2: is a lot of money, but in the government world,
- 27:26Speaker 2: that is not a lot of money to roll out
- 27:28Speaker 2: those schemes. And I just wonder if you're prioritizing that
- 27:33Speaker 2: how far is seven million dollars is going to go?
- 27:35Speaker 4: Yeah, sure, yeah, just because it's like maybe it's like
- 27:39Speaker 4: the equivalent of seventy dollars in my world.
- 27:42Speaker 2: Yeah, it's not a lot of s. And please don't
- 27:46Speaker 2: get me wrong, there are a lot of things that
- 27:49Speaker 2: are very very important to prioritize. But I think that
- 27:54Speaker 2: miscarriage awareness and you know, talking about stillbirth is really
- 27:59Speaker 2: really important. And seven million dollars just doesn't feel like
- 28:02Speaker 2: it's gonna, you know, cut the mustard.
- 28:04Speaker 4: It's just not a nus cut the mustard.
- 28:07Speaker 2: I like that cup mustard. Is that a word? Sounds
- 28:09Speaker 2: start a phrase? It is cup mustard?
- 28:11Speaker 3: All right?
- 28:11Speaker 2: COVID do you want to talk about COVID? Sure you're
- 28:13Speaker 2: not over COVID, are you?
- 28:15Speaker 1: No?
- 28:15Speaker 4: Not yet?
- 28:16Speaker 2: Going on five years back?
- 28:18Speaker 4: My good is for some reason, I thought it was
- 28:19Speaker 4: like two years ago.
- 28:20Speaker 2: I know, it feels like five minutes ago. But it
- 28:22Speaker 2: was called COVID nineteen because it happened in twenty nineteen
- 28:25Speaker 2: and it's now twenty twenty four, isn't that what? Yeah,
- 28:28Speaker 2: government's going to spend four hundred and ninety million dollars
- 28:32Speaker 2: over the next four years to continue its National COVID
- 28:35Speaker 2: nineteen vaccine program. About three hundred and thirty six million
- 28:38Speaker 2: dollars is going to go towards delivering more PCR testing.
- 28:42Speaker 2: I think that's important. Aged care, let's talk about that.
- 28:44Speaker 2: The government is going to continue to invest two point
- 28:47Speaker 2: two billion dollars in response to the recent Royal Commission
- 28:51Speaker 2: into Aged Care Quality and Safety, which very important. More
- 28:56Speaker 2: than half of this will be used to improve digital
- 28:59Speaker 2: systems in the aged care sector because that is a
- 29:01Speaker 2: massive stumbling block. Funding has also been set aside for
- 29:05Speaker 2: an expected wage increase for aged care workers, so I
- 29:08Speaker 2: think that's really really important. And then the last thing
- 29:12Speaker 2: that came up in the budget that I think is
- 29:13Speaker 2: of note is HIV. So over the next three years
- 29:17Speaker 2: to support HIV care and treatment in Australia, forty four
- 29:20Speaker 2: million dollars has been allocated, so most of it is
- 29:23Speaker 2: going to be used on HIV prevention medication for those
- 29:26Speaker 2: who don't have access to Medicare, which I think is
- 29:29Speaker 2: really important.
- 29:30Speaker 4: Yeah, that's really nice. Yeah, he's not a batble.
- 29:34Speaker 2: It's not bad that.
- 29:35Speaker 4: I haven't heard about yet the people that don't have medicare,
- 29:37Speaker 4: you know what I mean. So I'm glad to hear
- 29:38Speaker 4: that someone's thinking, yeah, I think it's really important. I
- 29:41Speaker 4: also want to touch on here. I guess women's safety
- 29:44Speaker 4: was definitely prioritized. So we'll segue into women now because
- 29:48Speaker 4: we're talking about health, and in the budget last night,
- 29:52Speaker 4: you know, information about prostate cancer came up, and then
- 29:55Speaker 4: we obviously heard, you know a bit about reproductive health,
- 29:58Speaker 4: but that was put under the bracket of women. Women
- 30:01Speaker 4: have also been I guess segregated out and I think
- 30:04Speaker 4: this is so important. So please don't get me wrong
- 30:06Speaker 4: when we're talking about this, because you might go, oh,
- 30:09Speaker 4: V you don't think women should have their own section
- 30:11Speaker 4: in the budget.
- 30:12Speaker 2: I do, and I don't. So Leaving violence was a
- 30:16Speaker 2: topic that was discussed last night. Earlier this month, we
- 30:19Speaker 2: know that our Prime Minister pledged nine hundred and twenty
- 30:23Speaker 2: five million dollars to establish the Leaving Violence Program, which
- 30:27Speaker 2: is genius. It followed a crisis meeting between the PM
- 30:30Speaker 2: and state and territory leaders, which if you're on social
- 30:34Speaker 2: media you would have seen people begging for this to happen.
- 30:37Speaker 2: This has been something that I think took way too
- 30:41Speaker 2: long for them to introduce. They announced that eligible participants
- 30:45Speaker 2: will receive up to five thousand dollars in financial support
- 30:49Speaker 2: to leave domestically violent relationships. And the program is also
- 30:53Speaker 2: going to include support and planning services. And they're making
- 30:57Speaker 2: a national plan essentially to support women. Say why this
- 31:01Speaker 2: didn't happen earlier? Trying not to go off topic too much,
- 31:06Speaker 2: But it's part of a ten year plan to end
- 31:08Speaker 2: violence against women and children. So the plan for this
- 31:11Speaker 2: was launched in twenty twenty two after the plan that
- 31:14Speaker 2: was introduced in twenty ten failed to meet its goal. Okay,
- 31:17Speaker 2: so last time we failed. And one of the key
- 31:20Speaker 2: targets is to reduce the number of gender based violent
- 31:23Speaker 2: deaths by twenty five percent.
- 31:25Speaker 4: Yeah, that's good. Yeah, I mean how about one hundred percent?
- 31:29Speaker 2: Like a hundred percent would feel right?
- 31:32Speaker 4: Yeah? I feel like that's so funny. I mean I
- 31:34Speaker 4: don't know, I don't understand any of it. But I'm like, why, hm,
- 31:37Speaker 4: why just a quarter of the amount of women.
- 31:40Speaker 2: That Why do we only care about a quarter?
- 31:43Speaker 1: Yeah?
- 31:43Speaker 4: And like, don't get me wrong, like I obviously don't
- 31:45Speaker 4: know much about this stuff. Get I get that's right.
- 31:47Speaker 2: I get that we're never going to be able to
- 31:49Speaker 2: prevent one hundred percent right, like, and this isn't a
- 31:53Speaker 2: conversation for now. We can't prevent one hundred percent, but like,
- 31:56Speaker 2: I would have liked to see them try a little
- 31:59Speaker 2: bit harder than twenty five percent. And I feel like
- 32:02Speaker 2: we should be advocating for reducing one hundred percent. I
- 32:07Speaker 2: know that we won't get there, and that goal is
- 32:10Speaker 2: honestly unachievable. Perfect world it would be, but it is unachievable.
- 32:15Speaker 2: But twenty five percent, it's like that just feels uninspiring,
- 32:18Speaker 2: Like it just feels like anyway, moving on, the government's
- 32:22Speaker 2: going to continue with their thirty five billion dollar five
- 32:26Speaker 2: year investment to fund welfare payments for eligible single parents
- 32:29Speaker 2: with children up to fourteen years old, that's under women.
- 32:35Speaker 2: It's also going to progress a two hundred and fifty
- 32:38Speaker 2: three million dollar four year program to boost funding for
- 32:41Speaker 2: one hundred respect So I think that that is very,
- 32:44Speaker 2: very important. They are the National Domestic Family and Sexual
- 32:48Speaker 2: Violence Support Service, which we recommend on the podcast all
- 32:51Speaker 2: the time when it comes to women's safety. Housing was discussed,
- 32:57Speaker 2: so almost thirty two million dollars is going to be
- 32:59Speaker 2: spent on an assistance package to support low income earning renters.
- 33:04Speaker 2: So just over half of Australians who receive rental assistants
- 33:07Speaker 2: are actually single women, and accommodation for women and children
- 33:11Speaker 2: fleeing domestic and family violence will be built in as
- 33:14Speaker 2: a part of the government's tenant billion dollar Housing Australia
- 33:18Speaker 2: Future Fund. Cool important, I think, really important. But I
- 33:23Speaker 2: was saying off air before we got here. I get
- 33:26Speaker 2: so frustrated that we talk about women in their own category. Like,
- 33:32Speaker 2: you know, we're talking about housing, and we're talking about
- 33:35Speaker 2: students and mental health, and all of those things are categories.
- 33:39Speaker 2: But somehow women becomes a category, but men doesn't. So
- 33:43Speaker 2: their health and their discussions get lumped into health. But
- 33:46Speaker 2: women somehow are put outside of that bracket and put
- 33:51Speaker 2: outside of you know, the conversation about health, reproductive health,
- 33:57Speaker 2: our lives in demetriosis. Why is that not just under
- 34:01Speaker 2: health and as important as prostate cancer? Like, please, don't
- 34:04Speaker 2: get me wrong, Like all of these things are important,
- 34:07Speaker 2: but I don't think women should be a sub section
- 34:10Speaker 2: of a budget.
- 34:11Speaker 4: That's true, it's like the default, the average the norm
- 34:14Speaker 4: is Yeah, like.
- 34:14Speaker 2: By having a heading, yes, you're saying that we need
- 34:18Speaker 2: to prioritize women more, But why don't we just do
- 34:21Speaker 2: that as a default under health. Why don't we just
- 34:25Speaker 2: do that under a default of safety. Why don't we
- 34:29Speaker 2: do that under a default of mental health? Or students
- 34:32Speaker 2: like I don't understand, especially if we're not going to
- 34:36Speaker 2: call out men, why are we're calling out women? And
- 34:39Speaker 2: demetriosis and reproductive health is a health issue, not just
- 34:42Speaker 2: a women's issue. Yeah, reproductive health services better our entire world,
- 34:47Speaker 2: not just the world for women.
- 34:49Speaker 4: Exactly. Without it, exactly, we may cease to exist. Does
- 34:54Speaker 4: this feel like a kind of like a box ticking,
- 34:57Speaker 4: like a political sort.
- 34:58Speaker 2: Of exercise, I mean yes and no, Like I feel like, yes, absolutely,
- 35:04Speaker 2: people are going to use women and supporting women as
- 35:07Speaker 2: a marketing campaign to get our votes, because you'll get
- 35:10Speaker 2: my vote, like one hundred percent. I'm not saying that
- 35:13Speaker 2: I don't support it. I unequivocally support it. However, it
- 35:17Speaker 2: does feel a bit like they're trying to use this
- 35:19Speaker 2: as leverage when in reality we aren't asking for more
- 35:24Speaker 2: than men get. We are asking for equal. If men
- 35:28Speaker 2: experienced endometriosis, it would have been studied, it would have
- 35:33Speaker 2: been valued, it would have been a problem that we
- 35:36Speaker 2: solved years ago. But it's not so it just to
- 35:40Speaker 2: me it's insane that we're not prioritizing.
- 35:42Speaker 4: No, it's like we're a different species. It's like we're
- 35:46Speaker 4: a different I don't know, like it just kind of
- 35:47Speaker 4: feels a bit alien that.
- 35:49Speaker 2: They are acting like we are some kind of sub
- 35:51Speaker 2: section to society and we're not a sub section. We
- 35:54Speaker 2: are the main headline, bab Mike drop. But let's move
- 35:59Speaker 2: on to other topics I want to talk about when
- 36:01Speaker 2: it comes to the budget. First things first, to our
- 36:03Speaker 2: First Nations communities. They need a lot more support, and
- 36:07Speaker 2: obviously closing the gap was a very big topic that
- 36:11Speaker 2: we talked about in the budget last night. The government
- 36:13Speaker 2: is spending two point four billion dollars over the next
- 36:16Speaker 2: five years to support First Nations communities, some of which
- 36:20Speaker 2: is going towards the closing the gap targets. So right
- 36:24Speaker 2: now there are seventeen targets to close the gap between
- 36:27Speaker 2: First Nations people and non Indigenous Australians, which include supporting
- 36:31Speaker 2: things around health and education and jobs, as well as
- 36:35Speaker 2: initiatives that have the plan to reduce the rate of
- 36:38Speaker 2: First Nations people in prison, which is very very important.
- 36:43Speaker 2: Let's just call out here though that the government is
- 36:46Speaker 2: not on track to meet these targets right now. Ah okay, well,
- 36:52Speaker 2: which you said, so nice that you're planning all of
- 36:54Speaker 2: that and you will continue to do that because that
- 36:57Speaker 2: is really bloody important. Yes, but you're not on tra
- 37:00Speaker 2: right now. So where is the readjusted budget to get
- 37:03Speaker 2: you back on track? Didn't see that interesting point. The
- 37:07Speaker 2: next is Northern Territory housing. So the federal and Northern
- 37:10Speaker 2: Territory governments have announced a four billion dollar fund to
- 37:15Speaker 2: build new homes to address overcrowding in the Northern Territory.
- 37:19Speaker 2: They are planning on building two hundred and seventy homes
- 37:22Speaker 2: a year every year for the next ten years, and
- 37:24Speaker 2: some of that funding has been allocated to urgent repairs
- 37:27Speaker 2: on existing homes. Ye cool, Smart digital hubs are going
- 37:32Speaker 2: to be established, So the government said that they are
- 37:34Speaker 2: going to allocate sixty eight million dollars to connect First
- 37:38Speaker 2: Nations communities to Wi Fi, which a lot of us
- 37:42Speaker 2: probably just take as a privilege and take for granted,
- 37:44Speaker 2: but it is something that a lot of remote specifically
- 37:48Speaker 2: remote communities don't have access to. And this rollout is
- 37:51Speaker 2: going to include digital hubs to develop online safety and
- 37:54Speaker 2: digital literacy. Skills within remote communities. Also call out here
- 37:59Speaker 2: if you know someone who can help me, help them
- 38:02Speaker 2: get more financial literacy. Call me bad Yeah, I mean
- 38:06Speaker 2: call me, call me. I want to be involved. I'll
- 38:08Speaker 2: do it for free, Like I will do it for free.
- 38:11Speaker 2: Let me be involved. And then jobs. The government is
- 38:14Speaker 2: developing a remote jobs program to employ an additional three
- 38:17Speaker 2: thousand people in regional communities. The program's going to cost
- 38:21Speaker 2: seven hundred and seventy seven million dollars over the next
- 38:24Speaker 2: five years. Seven hundred and seventy seven. That's an angel number,
- 38:28Speaker 2: So I'm hoping that that light goes really really well.
- 38:31Speaker 2: Omen The jail to Job program very important. The government's
- 38:34Speaker 2: announced seventy six million dollars for a program to be
- 38:38Speaker 2: set up to help First Nations people transition into employment
- 38:42Speaker 2: after serving time in prison. Important, really important, because that
- 38:47Speaker 2: transition is often really rocky and means that a lot
- 38:50Speaker 2: of First Nations people end up back behind bars because
- 38:53Speaker 2: they don't have the right integration tool. So it's a
- 38:57Speaker 2: volunteer program that's going to connect people with the services
- 39:01Speaker 2: after their release. Really really important. Yes, And the last
- 39:04Speaker 2: thing that's really important under the First Nations heading is health.
- 39:09Speaker 2: Their health is significantly worse than non Indigenous Australians, and
- 39:15Speaker 2: it's good to see that the budget has included twelve
- 39:18Speaker 2: point five million dollars to provide First Nations women in
- 39:21Speaker 2: remote communities with access to free period products. We discussed
- 39:26Speaker 2: that before, but I think that it's the bare minimum.
- 39:29Speaker 4: Yeah, I completely agree, and you know, I think it's
- 39:31Speaker 4: a good start, but we've got heaps to go.
- 39:33Speaker 2: I agree. Last topic that I'm going to discuss with
- 39:36Speaker 2: you today is Disability Support so NDIS. The NDIS it
- 39:42Speaker 2: was actually launched only in twenty thirteen, which I feel
- 39:45Speaker 2: like it's been around for a really long time. But
- 39:47Speaker 2: maybe that's because I assumed that we cared more about
- 39:51Speaker 2: our community, true than we do anyway. NDIS was launched
- 39:55Speaker 2: in twenty thirteen to provide financial support to eligible people
- 39:59Speaker 2: with a disability. A review of that scheme was actually
- 40:02Speaker 2: launched in twenty twenty two and a final report was
- 40:06Speaker 2: handed down in December to identify a heap of flaws
- 40:09Speaker 2: in the system which we knew existed, including concern over
- 40:13Speaker 2: the quality of care that was being provided to NDIS recipients.
- 40:19Speaker 2: So in response to this last night, the government announced
- 40:23Speaker 2: that they are going to increase NDIS funding by one
- 40:26Speaker 2: hundred and thirty million dollars. The federal government also introduced
- 40:31Speaker 2: legislation to improve the NDIS back in March, and its
- 40:35Speaker 2: proposal it's still before Parliament so it hasn't passed yet,
- 40:39Speaker 2: hoping it does, and an NDIS committee and working group
- 40:43Speaker 2: is going to be established to oversee all of this
- 40:46Speaker 2: because right now there's not a lot of ownership over
- 40:49Speaker 2: the process. So if we're going to send one hundred
- 40:52Speaker 2: and thirty million dollars here to make sure that the
- 40:55Speaker 2: care being provided to NDIS recipients is actually happening, there's
- 40:59Speaker 2: going to be a working committee for that. Okay, more funding, Sexy,
- 41:04Speaker 2: About one hundred and sixty one million dollars is going
- 41:07Speaker 2: to be spent over the next four years to upgrade
- 41:09Speaker 2: the NDIS technology, So like all of their IT systems,
- 41:13Speaker 2: obviously that's really important, but the funding is actually aimed
- 41:17Speaker 2: at better protecting the safety of NDIS participants from cybersecurity
- 41:21Speaker 2: threats and reducing regulatory burden on NDIS providers.
- 41:26Speaker 4: Okay, Okay, I like this.
- 41:29Speaker 2: Next one a lot. I feel like it is not
- 41:31Speaker 2: just about employment, but it's also about quality of life.
- 41:34Speaker 2: The government has announced a two hundred and twenty eight
- 41:37Speaker 2: million dollar plan for a new specialist Disability Employment service.
- 41:43Speaker 2: So this is going to replace the existing Disability Employment
- 41:46Speaker 2: Services program next year. So in July next year they're
- 41:49Speaker 2: going to do that and the new program is going
- 41:51Speaker 2: to be designed to increase the flexibility of support services
- 41:55Speaker 2: to meet individual needs because at the moment it's a
- 41:57Speaker 2: little bit too niche, like a lot of people aren't
- 42:00Speaker 2: actually able to engage in that just doesn't work for them.
- 42:03Speaker 2: And leaving on a bang Royal Commission. That's a big
- 42:07Speaker 2: word or it's a big praise.
- 42:08Speaker 4: It isn't pose never know what this means, but it's
- 42:11Speaker 4: a scary.
- 42:11Speaker 2: Term, right Yeah, Like you hear Royal Commission, you're like,
- 42:14Speaker 2: that's big, big dog. That must be a very big inquiry.
- 42:17Speaker 4: It's the biggest of the commission.
- 42:19Speaker 2: So frustratingly, the budget didn't offer any real detail in
- 42:22Speaker 2: response to the Royal Commission into Violence, Abuse, Neglect and
- 42:26Speaker 2: Exploitation of People with Disability. Okay, I was really disappointed
- 42:31Speaker 2: with that. The Royal Commission released its final report last
- 42:34Speaker 2: year in September, which included a total of two hundred
- 42:38Speaker 2: and twenty two recommendations to make Australia safer and more
- 42:42Speaker 2: inclusive for people who have disabilities, and I'm a bit
- 42:46Speaker 2: disappointed to see that none of that was discussed last
- 42:49Speaker 2: night because budgets should have been allocated towards it. So
- 42:53Speaker 2: that was a bit disappointing. But we are expecting the
- 42:57Speaker 2: federal government to issue a formal response in the middle
- 43:00Speaker 2: of this year. But I really think it should have
- 43:02Speaker 2: come up in the budget. Yeah, so I guess that's
- 43:05Speaker 2: leaving it on the low, But overall, do I like
- 43:07Speaker 2: what the budget has provided for us com se COMPSA.
- 43:11Speaker 4: Okay, okay, no one mentioned dental, which I'm actually shocked
- 43:14Speaker 4: and appalled still to this day that dental's not covered.
- 43:16Speaker 4: But anyway, as a story for another.
- 43:17Speaker 2: Time, I agree. Actually, like I didn't expect you to
- 43:20Speaker 2: say that in that moment, so I'm a bit like,
- 43:22Speaker 2: hold up, that is so true, but like, dental health
- 43:26Speaker 2: is so innominantly expensive, but it impacts every other aspect
- 43:31Speaker 2: of life totally. I've been living in pain, baby girl.
- 43:34Speaker 2: The wisdoms can't come out till I have two three
- 43:36Speaker 2: thousand dollars. That's insane and have that kind of money anyway,
- 43:39Speaker 2: that's you know, maybe one day that'll happen. Oh my god. See,
- 43:42Speaker 2: we will take this conversation off of you because we
- 43:44Speaker 2: have really blown out the budget on time when it
- 43:47Speaker 2: comes to talking about the budget. But as always, we
- 43:51Speaker 2: would love it if you joined the conversation over on
- 43:53Speaker 2: our Facebook group. We're obviously on Instagram you can blind
- 43:56Speaker 2: us everywhere. So guys, we will see you on Friday
- 43:59Speaker 2: for a little bit of a recap of our week.
- 44:01Speaker 2: But till then, have a great week and thanks for
- 44:03Speaker 2: listening to our budget combo.
- 44:05Speaker 4: Bye guys.
- 44:13Speaker 5: The advice shared on She's on the Money is general
- 44:15Speaker 5: in nature and does not consider your individual circumstances.
- 44:19Speaker 2: She's on the Money exists purely for.
- 44:21Speaker 5: Educational purposes and should not be relied upon to make
- 44:24Speaker 5: an investment or financial decision. If you do choose to
- 44:27Speaker 5: buy a financial product, read the PDS TMD and obtain
- 44:31Speaker 5: appropriate financial advice.
- 44:32Speaker 2: Tailored towards your needs.
- 44:34Speaker 5: Victoria Divine and She's on the Money are authorized representatives
- 44:38Speaker 5: of Money. Sheper Pty Ltd ABN three two one six
- 44:42Speaker 5: four nine two seven seven zero eight AFSL four five
- 44:46Speaker 5: one two eight nine