Tax & AccountingLegalComplianceMarch 31, 2022

Opposition Leader Reply Report Summary - Australia Federal Budget 2022-2023

Tonight, opposition Leader Anthony Albanese unveiled a package of major aged care reforms, including a registered nurse on duty 24 hours a day in all aged care facilities, as the centrepiece of his pre-election Budget reply.

Announcing a series of measures which Labor costed at $2.5 billion, Mr Albanese said, “Tonight, I’m announcing Labor’s plan to put security, dignity, quality and humanity back into aged care. Put simply: to put the care back into aged care.”

Labor’s five-part plan for the nation 

In his speech he restated Labor’s previously announced five-part plan for the nation:

  • Powering Australia plan to drive investment in cheap, renewable energy. We’ll create 604,000 new jobs by 2030, with five out of every six in the regions, and lower power bills for households and businesses alike.
  • A Future Made in Australia – making more things here, diversifying the economy and revitalising the regions. Using our National Reconstruction Fund, we will work with business to help turn good ideas into good, secure jobs and new homegrown industries.
  • Investment in infrastructure, because roads, rail, ports, and high-speed broadband are the building blocks of a stronger, more connected, more efficient economy. 
  • Labor’s plan for secure work and more opportunities for training with more university places and 465,000 fee-free TAFE places, and the creation of Jobs and Skills Australia.
  • Labor’s plan for cheaper child care because it’s good for productivity, workforce participation, and economic growth. And it’s good for children.

For more details of these plans see Ahead of Labor’s Budget reply.

The election must be held by Saturday 21 May at the latest but could be called for either of the two previous Saturdays.

To read the Wolters Kluwer CCH Parliament team analysis of the opposition leader, Anthony Albanese, reply to the Federal Budget Announcement 2022-23, please click here.

federal budget 2022-2023
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