Australian parties’ policies

Prime Minister Malcolm Turnbull (left), Labor leader Bill Shorten (centre), and Australian Greens leader Richard Di Natale (right)

COMPANY TAX CUTS

COALITION: Cut corporate tax rate from 30% to 25% over 10 years in effort to grow economy. Also cut tax rate for small and medium businesses from 28.5% to 25%

LABOR: Maintain existing rates for big business, cut for small businesses with turnover
of less than $2m a year

GREENS: No cuts to company tax rate

NEGATIVE GEARING

COALITION: No change to negative gearing which reduces personal income for wealthy Australians
investing in residential properties to rent. Capital gains tax – no change

LABOR: Restrict negative gearing to new housing from 2017, halve CGT discount on new investments to 25%

GREENS: End gearing on future investments

SUPER-ANNUATION TAXES

COALITION: Raise tax on superannuation contributions from 15% to 30% for people earning more than $250,000. Superannuation balances over $1.6m to be taxed at 15%. Lifetime cap of $500,000 on contributions after paying income tax

LABOR: Same as coalition for people earning more than $250,000. Tax superannuation earnings of retirees above $75,000 a year at 15%

GREENS: Sliding scale of tax based on income from zero to 32%

GREENHOUSE GAS EMISSIONS

COALITION: Cut emissions by 28% on 2005 levels by 2030. Continue $2.55bn in Emissions Reduction Fund to encourage companies to reduce emissions

LABOR: Cut emissions by 45% on 2005 levels by 2030. New emission trading schemes

GREENS: Cut emissions to zero within a decade

ASYLUM SEEKERS

COALITION: Continue “stop the boats” policy, keep regional processing centres open. Reduce media visits to detention camps. Keep Temporary Protection Visas

LABOR: Turn back boats where safe to do so. Raise annual refugee intake to 27,000 by 2025

GREENS: Raise intake to 50,000 a year

HEALTHCARE

COALITION: Freeze inflation-indexing of Medicare rebates to 2020, saving $925m. GPs will be reimbursed same amount as they were in 2014

LABOR: End freeze and restore indexation to account for inflation from January 2017

GREENS: Oppose rebate freeze

NATIONAL BROADBAND NETWORK

COALITION: Continue multi-technology mix based on copper, but including PAY-TV hybrid-fibre coaxial cable with some fibre optic Fibre To The Premises (FTTP)

LABOR: Deliver up to two million more FTTP connections funded by private sector. Construct fibre link to west Tasmania

GREENS: Committed to FTTP

Source: ABC.net

Pictures: Associated Press, Getty Images