Extra cash for young locals in the Illawarra

More than 4,300 local students and young people in training in the Illawarra and Southern Highlands are set to get some extra cash from the Labor Government, with new payments starting to hit households this week.

Minister for Families, Jenny Macklin, said people on Youth Allowance, ABSTUDY or Austudy would soon receive a lump sum payment in their bank accounts, ahead of the introduction of the carbon price on 1 July.

“Local students and young people in training will get up to $190 to help them keep up with living costs now and over the coming months,” Ms Macklin said.

“If you’re studying at university, TAFE, or if you’re out learning a trade, it can be tough to keep on top of things.

“This extra support should give our young people a bit of extra breathing space.”

Federal Member for Throsby, Stephen Jones said local students and young people would receive an additional cash payment next year, and many would benefit from tax cuts next month.

From 1 July, the tax-free threshold will be tripled to $18,200, giving about 90,000 local workers a tax cut, with most getting at least $300 extra in their pockets every year.

"I know many students here are working a part-time job to help manage the bills and we want to do what we can to make sure they are keeping more of the money they earn,” Mr Jones said.

“Tripling the tax-free threshold means a lot of our students who are working a few hours between classes will no longer have to pay any tax at all.

“And they will no longer have to worry about filling out a tax return. They will get to keep every cent they earn from work.”

Ms Bird said the Labor Government would keep delivering for students and young people in the Illawarra.

“We understand that a lot of students and young people can find it pretty tough to make ends meet, which is why we’re delivering this new support.

“Unfortunately, Tony Abbott and the Liberals keep promising to rip it all away. Local students will welcome this extra money, and they won’t forget that Tony Abbott is trying to take it off them.”