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    The Honourable Campbell Newman

    Cost of Living cut under LNP Govt

    The Honourable Campbell Newman

    Monday, May 14, 2012

    Cost of Living cut under LNP Govt

    The Newman Government is delivering on its election promise to ease the cost of living for Queensland families.

    Cabinet today approved the introduction of the Cost of Living Bill as part of its commitment to save Queenslanders on electricity, car registration, stamp duty and transport fares.

    More cost of living measures will be brought before Parliament in the near future.

    Premier Campbell Newman said the Bill would be one of the first introduced to Parliament this week under the new LNP Government and will go a long way to boosting the confidence of Queenslanders following 20 years of Labor’s legacy of waste and reckless spending.

    “Prior to the election we gave the commitment that we would do everything possible to lower the pressure on families when it comes to the cost of living,” Mr Newman said.

    The LNP’s cost of living commitments include:

    • Freezing or lowering the standard domestic electricity tariff (Tariff 11) saving families an average of $120 this year;
    • Freezing family car registration for the first term of an LNP Government;
    • Halving the next two scheduled increases in public transport fares and implementing a new weekly nine trip cap on Go Cards saving; and
    • Reintroducing stamp duty concessions for the principal place of residence saving up to $7,000.

    “This is just the start of savings we’re working on to address the cost of living,” Mr Newman said.

    “We’re moving on legislation for savings to water bills and we’ll be abolishing the waste levy on July 1.”

    “That will see us meet our election commitment to save average households up to $330 per annum.”

    The Cost of Living Bill also delivers significant savings for businesses. The new legislation will increase the exemption threshold for businesses paying payroll tax from $1 million to $1.1 million from 1 July 2012, the first incremental threshold increase to meet the LNP’s long-term policy to increase the threshold for payroll tax to $1.6 million.

    Sustainability declarations will also be abolished when selling houses and an Office of Best Practice Regulation will be introduced to save unnecessary red tape.

    [ENDS] 14 May 2012

    Media Contact: Mitch Grayson 0408 912 821