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The Federal Treasurer, Mr Joe Hockey, handed down his first budget at 7:30 pm (AEST) on 13 May 2014. In a budget intended to reduce the deficit from its current $49.9b to $29.8b next year, he said that he was “delivering balanced and credible budget repair”. The budget contained few tax and superannuation measures but included a range of austerity measures, especially in relation to social security and health.
Here are the tax, superannuation, social security and health highlights.
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