Sacha Barbour Gatt

All right, let's talk tax breaks and deductions.

Now, something we did learn last night is that 13 million workers will get $250 back at tax time from 2028 and every year after that.

So, we do have to wait a couple of years.

So, to put that into weekly terms, it translates to about $4.80 a week.

Now, this is called the Working Australians Tax Offset, or as the Treasurer clarified yesterday... Waito.

Yeah, he was asked, is it Watto or Waito?

Waito.

Now we know.

Yeah, and to be clear, this isn't...

a grand back in your hand.

This will be off your taxable income, which means you don't pay tax on that amount.

The average Aussie is set to save around $205 from it.

It'll max out at $470.

So, you know, not a huge gain there, but something.

Now, if you are someone, though, who does keep their receipts for work-related expenses and you spend more than a grand, you're better off just sticking to the way you were doing things before because you're effectively leaving hundreds of dollars on the table if you don't.

So it's that option for people who maybe don't have as many deductions that they need to make.

And yeah, another little tax time sweetener for Aussies.

Yeah, so that's on top of the recently announced domestic gas reservation policy.

So that'll keep 20% of our gas exports right here for Australian users to keep prices down.

Now, another $7.5 billion...