WINNERS Taxpaying families: low income tax offset rises to $1500, income tax reform to allow an option of using standard deductions instead of receipts and accountants.
Primary health care: New funding of $772 million for primary care and GPs, $355 million for GP super clinics and expanding existing clinics, $523 million to train and support nurses.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
Sport: $325 million total boost with $237 million for elite athletes and $71 million for community sport.
Retirees: a 50 per cent tax discount for first $1,000 of interest earned on deposits held in banks, building societies and credit unions.
Ageing workers: Superannuation changes including increasing the super guarantee to 12 per cent by over the next decade.
Small business: Instant asset write-off for small business assets under $5,000 plus company tax rate falls to 29 per cent in 2013/14 and 28 per cent in 2014/15.
Renewable energy: $652 million more over five years.
Troops in Afghanistan: $487 million for enhanced protective measures.
Veterans: More compensation and better recognition for some military veterans.
Election hopes: Easier to go to the polls with smaller national debt, shrinking deficit, improving economic growth and falling jobless figures.
Bond market: New Centre for International Finance and Regulation created plus a phase down of interest withholding tax to promote the corporate bond market.
Low skilled workers: Skills for Sustainable Growth strategy investing $661 million in work force skills and creating 70,000 new training places.
Vocational education and training (VET): gets a $243 million boost.
LOSERS
Mining companies: 40 per cent tax on super profits, starting from July 1, 2012.
The environment: No follow up on Emissions Trading Scheme Taxpayers - will have to fork out $439 million for the government to fix the botched roof insulation scheme.
Pharmacies: Reining in spending on the Pharmaceutical Benefits Scheme will see lower prices for some drugs.
Mental Health: no new funding since the last COAG meeting.
Dental health: no universal dental plan.
Smokers: 25 per cent increase in cigarette prices.
People smugglers: Eight new border patrol vessels plus $1.2 billion to bolster border security, aviation security and to help Indonesia combat people smuggling.
Travelling politicians: No frequent flyer points for MPs under new travel arrangements.
