Australian Government’s transfer payments system review
Family assistance and government transfer payments are a key part of the ‘Australia’s Future Tax System’ discussion paper released by Treasury Secretary, Dr Ken Henry.
At various times in our lives, almost every Australian will come into contact with the transfer system.
Payments like Family Tax Benefit, Age Pension and the Baby Bonus are all part of Australia’s transfer system.
The 40 cash transfers paid to Australians by the Australian Government, costing more than $70 billion in 2006-07, will be scrutinised, including how they intersect with the taxation system.
The Henry Review discussion paper examines various issues and challenges currently facing Australia’s transfer system.
It will stimulate national discussion on how the transfer system should be designed to reflect the changing nature of Australian society.
