In the media

A budget full of headlines, devoid of substance

Media release, 15 May 2024

The Albanese Government’s third budget is full of great headlines but misses the opportunity to address at least some of Australia’s most fundamental economic and societal challenges.

Of small sugar hits – there were plenty: for almost every interest group. But ultimately almost all of the brave the systemic reform we must embrace as a nation simply was not there.

While the Government did deliver a surplus and finally unveil a plan for how we can rightfully take our place as a renewable energy superpower by opening our doors to the future, there was a disappointing lack of focus on electrification initiatives for households and business.

Australia is crying out for leadership and reform, and ultimately with this budget, the Government has missed the opportunity to address our housing, climate, intergenerational equity, and domestic violence crises.

The $300 energy rebate, which goes to every household whether you earn a million dollars a year or are surviving on JobSeeker makes for a great headline. But the truth is this $3.5 billion could have been better targeted or redirected towards supporting households to access cleaner, cheaper energy by finally getting the solar or batteries they need to no longer be reliant on expensive fossil fuel energy.

Substantial reform to Australia’s taxation regime, which is still overly reliant on personal income tax despite the revised stage 3 tax cuts, has been kicked down the road while the Petroleum Resource Rent Tax continues to generate less revenue than the beer excise. Meanwhile $44 billion of taxpayer funds will be spent on fossil fuel subsidies over the forward estimates.

The budget offers almost nothing for the environment, including much needed nature law reform and our threatened species. The establishment of the Environment Protection Australia and Environment Information Australia is welcome but remains underfunded.

While the government has listened to calls from the crossbench to address the burden of HECs debt, there is little to offer younger Australians hope they will have fairer access to more affordable housing. Reading the budget fine print, some of the $6.2 billion allocated to housing is simply repurposed funds, not new funding to tackle our housing crisis.

Ultimately, the Albanese Government appears to have delivered a budget that provides the Prime Minister with the option of an early election. This budget is clearly geared toward re-election rather than tackling the long-term reform our nation desperately needs.

See Kylea's Budget Night update to the North Sydney community here.

Download a pdf version of this media release here.

See more
of my week

What I’ve been up to on Instagram


What I’ve been up to on Twitter


Other relevant posts

Kylea Tink proposes superannuation reform amendment

2CR, 24 May 2024

Australian-Chinese media coverage of Kylea's amendments to the Government's Better Targeted Superannuation Concessions legislation.

Read the article in Chinese here.

Cost of living relief

The Weekly Times, 22 May 2024

Kylea shares her thoughts on measures introduced in the Federal Budget 2024-25, including the $300 energy rebate for every household, which will cost taxpayers a total of $3.5 billion.

Read the article here.

Labor’s deportation bill shelved in Senate stand-off

Sydney Morning Herald, 16 May 2024

Labor has shelved its controversial deportation bill that would have forced non-citizens — including those seeking asylum — to choose between deportation or jail. Kylea is urging the government to drop the bill entirely.

Read the article here.

Labor and Greens gag debate on fuel efficiency standards in deal on offshore gas bill

The Guardian, 16 May 2024

Three bills — on fuel efficiency standards, offshore gas and the petroleum resource rent tax — have passed through parliament without being debated, under a deal struck between Labor and the Greens. Kylea has criticised the lack of transparancy as antithetical to the principles of democracy.

Read the article here.

Div 296 labelled an SMSF attack

Self Managed Super, 16 May 2024

Media coverage of a parliamentary debate in which Kylea raises concerns that the proposed Better Targeted Superannuation Concessions legislation is "designed to ... preference the large commercial superannuation entities, as those can better be influenced by the government of the day in terms of priority areas for national investment."

Read the article here.

Debate rages in parliament over super tax bill

SMSF Adviser, 16 May 2024

Kylea is seeking to amend the Government's new $3 million super tax legislation to address concerns over the inclusion of unrealised capital gains and the lack of indexation.

Read the article here.

Every Friday

Kylea's newsletter hits the inboxes of people right across our electorate of North Sydney. Stay up to date with Kylea's plans and progress as she tells us about her week speaking with people in our community. We'll also highlight the latest community events and initiatives to get involved with.


Join TeamTINK to connect
with the dedicated
volunteers comitted to
making a difference for
our community.



Learn about Kylea’s
policies and how she’s
helping make real change
for the North Sydney



Sign up to receive
Kylea’s weekly
newsletter to follow
how she’s ensuring your
voice is heard in Canberra.