Newsletters 2024

There's been a lot of talk this week about the Stage 3 tax cuts and the Government's proposal to redistribute some of the promised cuts towards those earning less than $146,000 a year.

It is clear that many in our community have thought deeply about the Stage 3 cuts and I am, as always, grateful for your input. Rising costs of living are impacting all Australians, and there are households in our community — particularly those on single incomes — who were relying on the promised tax cuts to pay for groceries, school fees, mortgages and rent.

At the same time, based on your feedback, it seems many also support the relief that the changes will bring to those on lower and middle incomes, including women in the workforce.

Research shows that women have been disproportionately affected by cost-of-living pressures over the past year. As the Women's Economic Equality Taskforce reported last September, gender segregation persists across the economy, with women more likely to be reliant on award-based, low-paid, insecure work than men.

We need to do far more to address the systemic issues currently holding our economy back. This includes bolder, holistic tax reform that is less reliant on income tax, and puts a greater burden on companies and passive wealth generation.

We must also dismantle barriers to women's economic participation, which could unlock an estimated $128 billion in economic value a year. This theme will provide us with a fantastic basis for our discussion this year at our annual International Women’s Day breakfast on March 6th. See below for further details on our incredible speaking line up including Catherine Fox, Michelle Lim, Melanie Fernandez, Sophie Scott and myself.

With Parliamentary sittings resuming this week, I have written to the Speaker of the House, the Honorable Milton Dick, asking him to hold ministers more accountable for answering the questions they are asked. We have much to discuss and it is only through full, open and collaborative conversations that we will be able to reach better outcomes for all.

Thank you for your continued support, and please keep that feedback coming!

- KT

YOU'RE INVITED: IWD BREAKFAST

Join Kylea and guest speakers Catherine Fox AM (Australians Investing in Women, journalist and author), Michelle Lim (Reserve Bank of Australia), Melanie Fernandez (Chief Executive Women), and MC Sophie Scott OAM on International Women's Day to discuss barriers women face in the workforce, and why it is difficult to recognise our full economic potential.

The breakfast kicks off at 7am Wednesday 6 March, at the Kirribilli Club. Tickets are $75 per person, with reduced rates available for tables of 8 and 10. All proceeds will cover event costs. Previous events have sold out so please book your tickets ASAP to avoid disappointment!

JOIN KYLEA AT THE MARDI GRAS!

WHAT'S ON IN NORTH SYDNEY

IN THE NEWS

Teals seek ‘brave’ conversation on tax reform - AFR, 30 January. Kylea is named among the Independent MPs who are calling for more holistic tax reform, so Australia is less reliant on income taxes.

Concerns Albanese government is abandoning long-term reform for short-term wins - Sky News, 29 January. "The sense I’m getting from the people in North Sydney is they can understand why this makes sense in the short term, but they are very concerned about the longer term reform that the stage three tax cuts were supposed to be the final part of," Kylea says.

Teals issue tax cuts warning to Labor - AFR, 29 January. Kylea highlights the impacts felt by high-income households due to the proposed halving of the $9075 Stage 3 tax cut.

More media mentions here