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Leaked details of budget ad reveal details of turnbull government measures

A LEAKED script for a Federal Government TV ad campaign appears to have put some meat on the bones of Scott Morrison’s first Budget.

The script suggests the Treasurer aims to save $16 billion over the next four years through changes to superannuation, multinational taxation and other tax changes.

It comes as Prime Minister Malcolm Turnbull confirmed he would be calling a double dissolution election for July 2, at an appropriate time after the Budget is delivered on May 3.

Mr Turnbull is not able to call an election officially until Budget week.

In a press conference this morning he said the Senates rejection of the Australian Building and Construction Industry Bill will be the trigger for a double dissolution election.

He said his very strong expectation was the election would be held on July 2.

Mr Turnbull said voters would have a say on whether there should be an ABCC and linked better construction oversight to more jobs, affordable housing and more affordable hospitals, schools, and roads.


But Mr Turnbull was not keen to talk about the leaked ad script and batted away questions about whether taxpayer funds would be used to spruik the Budget measures.

No decisions have been taken in that regard, he said.

Sky News says it has seen the script for the taxpayer-funded television advertisements, which have already been filmed.

Deputy Liberal leader Julie Bishop said she was unaware of the post-Budget campaign.

I certainly havent heard anything to that effect, Ms Bishop told Sky News on Tuesday.

Labor has described the report as a humiliating leak and Opposition Leader Bill Shorten said it was an act of internal sabotage.

Labor has outlined $100 billion of savings and revenue measures over the next decade, which will mostly go to the Budget bottom line.

We havent finished outlining how well do Budget repair, he told reporters in Canberra.

Labors finance spokesman Tony Burke says the ads are an election strategy because none of the measures will have been implemented before parliament is dissolved.

Mr Burke believes the ads should be paid for by the Liberal Party, not the taxpayer.

Deputy Prime Minister Barnaby Joyce concedes it will be a difficult Budget because of the class-one clown act left behind by Labor in government with the support of the Greens.

Less than a day after the coalition positioned itself as the best friend of owner-operator truck drivers by abolishing a controversial tribunal, there are now strong hints it will find cash to build an inland freight railway link connecting Melbourne and Brisbane via rural NSW.

Transport Minister Darren Chester penned an opinion piece for The Australian saying the 1700km project could provide a transit time of less than 24 hours.

It also has the potential to take 200,000 truck movements off the road.

As a passionate advocate for reducing road trauma, this is a project that will save lives, Mr Chester said.

Greens senator Peter Whish-Wilson believes the leak was a deliberate ploy to put the governments agenda out early.

Liberal senator Eric Abetz said he was not aware of the Budget leak when asked whether it was possible supporters of Tony Abbott were responsible.

One would assume a Budget leak if it did occur would have been undertaken by somebody who actually knows what may or may not be in the Budget, he told reporters.

Six months until christmas means its time to start a financial plan

CHRISTMAS is just six months away and households are being urged to get their festive budgeting plans in order to avoid getting stung in December.

The old-fashioned Christmas Club accounts are a good way to save ahead of December 25 but whichever way you do plan to stash cash its best to start now, experts say.

TIPS: Be fiscally fitter this 2016/17 financial year

Credit cards always get a good workout in the lead up to the festive as many shoppers end up having to resort to plastic to get them through one of the most expensive times of the year.

Analysis by financial comparison website Canstar shows while interest rates on Christmas Club accounts are very low, the money often cant be touched until November or you lose your any interest earned and will be charged a fee.

The sites spokeswoman Justine Davies says with just six months until Christmas now is the perfect time to get a savings plan in place so youre fiscally prepared closer to December.

It gives you enough time to save gradually without panicking in the last month or two,’ she says.

Sit down and make a list of all the extra costs youre going to have over the Christmas period such as food, drinks, gifts, holidays and parties.

Once you have reached a figure work out how many weeks until Christmas and what you need to stash each time you get paid.

It doesnt matter where you stash the cash in a Christmas Club account, online savings account or home loan offset account so long as you dont dip into the money early.

AMP financial planner Dianne Charman says another option is to tuck away some of your tax return youre like likely to receive in the coming months for Christmas.

Set up a Christmas account if you dont have one and put your tax return into an account that you cant easily access,’ she says.

Direct debit from your pay and dont raid it, so you dont want it linked to your internet banking on your phone.

And if you are going away on a holiday try and prepay the accommodation so youre not hit too close to Christmas.

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