Media Releases → 2024

MEDIA RELEASE

Labor's tax cuts to provide cost of living relief to Australian women

SENATOR THE HON KATY GALLAGHER
Minister for Finance
Minister for Women
Minister for the Public Service
Senator for the ACT

Date: Thursday, 25 January 2024

The Albanese Labor Government is delivering a tax cut for every Australian woman taxpayer commencing on July 1.

Labor’s tax cuts will put more money back in the pockets of Australian women to provide cost of living relief and will mean if women want to pick up an extra shift or an extra day of work, they keep a larger proportion of what they earn.

Labor’s tax plan will see Australian women taxpayers, on average, receive a tax cut of $1,649 from 1 July.

Women work hard across our economy, and we want to ensure that they keep more of their hard-earned money to meet the daily challenges and cost of living pressures that they face.

From July 1, the Albanese Government will deliver:

  • A tax cut for all women who pay tax in Australia.
  • A bigger tax cut for 90 per cent of Australian women taxpayers, who will receive an additional tax cut of $707, on average, compared to Morrison’s plan. 
  • A boost of 630,000 additional hours per week worked by women.

Under Labor’s plan, childcare workers, disability carers and aged care workers are some of the most likely to benefit with more than 95 per cent of those taxpayers to receive a bigger tax cut compared to Scott Morrison’s plan.

These changes are deliberately designed to ensure that those in middle Australia get to keep more of the money they earn without adding to inflationary pressures.

Importantly, the Government has applied a clear gender impact lens over the changes to measure the significant benefit that these tax cuts will have for women.

To find out how much the Government’s fairer tax cuts will benefit you, use the calculator on the Treasury website: https://treasury.gov.au/tax-cuts/calculator

Further details on these changes can be found at:

https://treasury.gov.au/tax-cuts/
https://treasury.gov.au/tax-cuts/fact-sheet

OCCUPATION BREAKDOWN 

Occupation name

Number of taxpayers

Bigger tax cut than Stage 3 (%)

% of taxpayers who are women

Average taxable income for taxpayers - women

Child Carers

140,000

97

96

46,000

Receptionists

100,000

96

95

48,900

Registered Nurses

310,000

97

88

74,200

General Clerks

260,000

95

88

62,700

Office Managers

200,000

94

88

71,500

Primary School Teachers

170,000

98

86

79,200

Aged and Disabled Carers

150,000

97

81

48,500

Accounting Clerks

80,000

96

81

64,700

Nursing Support and Personal Care Workers

80,000

98

76

48,500

Waiters

80,000

91

75

39,400

Checkout Operators and Office Cashiers

110,000

95

72

39,800

Contract, Program and Project Administrators

180,000

93

71

72,100

Welfare Support Workers

130,000

97

70

55,400

Sales Assistants (General)

270,000

95

66

44,100

Call or Contact Centre and Customer Service Managers

100,000

95

66

64,300

Secondary School Teachers

150,000

97

62

87,100

Commercial Cleaners

100,000

96

61

43,200

Retail Managers

110,000

96

55

59,100

Accountants

170,000

81

53

93,200

Sales Representatives

150,000

93

45

61,900

Advertising, Public Relations and Sales Managers

170,000

75

42

104,400

General Managers

240,000

74

37

108,700

Chief Executives and Managing Directors

200,000

70

28

144,700

Chefs

100,000

97

26

48,900

Storepersons

140,000

96

20

49,900

Software and Applications Programmers

120,000

77

20

101,500

Other Miscellaneous Labourers

120,000

91

16

52,200

Truck Drivers

160,000

97

4

77,300

Motor Mechanics

100,000

91

1

66,800

Electricians

110,000

84

1

92,500

 

*Based on ANZCO group units with more than 100,00 tax filers

[ENDS]