Save Medicare

All Australians should be able to access health care when and where they need it. Labor opposes Mr Turnbull’s cuts which reduce bulk-billing and hit Australian families every time they visit the doctor, every time they have an X-Ray, every time they buy essential medicines.

Labor will reverse the Turnbull Government’s ‘GP Tax by stealth’. The Australian Medical Association estimated that this will likely cost patients up to $20 more for each GP visit. To cut waiting times, Labor will boost hospital funding by $2 billion over the next four years and drive efficiency.

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Make Multinationals Pay Their Fair Share

It is not fair that Australians work hard and pay tax while big multinationals get to play by different rules. It is not fair that Australian businesses are paying more tax in Australia than big multinationals. The Australian Tax Office has revealed one in four big multinationals pay no tax at all in Australia – not one cent.

Labor will shut down loopholes which allow big multinational companies to send profits overseas, ensuring they pay their fair share of tax just like every other Australian. Labor’s plan has been fully costed by the Parliamentary Budget Office, and will bring around $6 billion back to Australia in tax from big multinationals over the next decade.

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Housing Affordability & Negative Gearing

For most young families in Australia, the dream of purchasing and owning their own home is almost completely out of reach. Working and middle class families are increasingly being priced out of the housing market. Young people who are able to buy a home are being forced to take on levels of debt unimaginable just a few decades ago.

Labor will limit negative gearing to new housing from 1 July 2017. All investments made before this date will not be affected by this change and will be fully grandfathered. This will mean that taxpayers will continue to be able to deduct net rental losses against their wage income, providing the losses come from newly constructed housing.

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Save Penalty Rates

Penalty rates are not a luxury; they are what pays the bills and puts food on the table for the 4.5 million Australians that rely on them. Penalty rates are not only critical to these individuals and their families; if you reduce the take home pay of low-paid workers, you reduce the amount they spend, which can negatively impact the economy as a whole.

Labor supports workers' weekend penalty rates and will oppose any attempt by Mr Turnbull to cut them. A Shorten Labor Government will intervene in proceedings to make a further submission to the Fair Work Commission (FWC), in favour of retaining penalty rates.

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Real Action on Climate Change

Transitioning electricity generation to renewable energy is critical to dealing with climate change. Renewable energy also provides immense opportunities. In the last two years more than 2 million renewable energy jobs were added to the global economy, but over the same period 2,600 jobs were lost in Australia. Over $2.5 trillion is expected to be invested in renewables in the Asia Pacific region to 2030 – it’s our job to make sure that Australia is in the best position to attract that investment.

That’s why a Shorten Labor Government will ensure that 50% of the nation’s electricity is sourced from renewable energy by 2030. Labor’s 50 per cent target includes not just large-scale renewables but small and industry based generation.

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