The
West Australian,
17 April 2019:
Scott Morrison has been
forced to explain why his promise to deliver immediate $1080 tax cuts for low
and middle-income earners from July 1 may not happen.
Treasury officials today
confirmed a key plank of the Morrison Government’s re-election platform –
immediate tax cuts for 10 million workers when they receive their 2019 tax
returns – cannot occur without Federal Parliament’s support.
Treasury officials said
the tax cuts had to be legislated before the end of this financial year – on
June 30 – before workers could receive the rebates with their 2019 tax returns.
With the Federal
Election on May 18, it means the Coalition has little time – if it wins the election
- to pass the tax cuts through Parliament before June 30.
The Coalition has
promised rebates of up to $1080 for low and middle-income earners, and up to
$2160 for dual-income families, who lodge their tax returns from July 1.
Treasurer Josh Frydenberg,
when he released the Budget weeks ago, claimed the timing of the Federal
Election would be “no impediment” to the tax cuts being delivered quickly.
But Treasury officials
appeared to contradict that claim today.
They said the tax
rebates would require “the relevant legislation to be passed before the
increase to the low and middle income tax offset (LMITO) can be provided for
the 2018-19 financial year.”
They also warned if the
tax cuts were not delivered by June 30 the revenue cost of the measure would “need
to be reassessed.”
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