"The draft laws repeal a range of Labor policies including the...

"The draft laws repeal a range of Labor policies including the SchoolKids Bonus, the business loss carry-back, accelerated depreciation for motor vehicles, geothermal exploration provisions, the low income superannuation contribution and the income support bonus.

The bill also gets rid of the reduction in the small business instant asset write-off threshold."


Read more: http://www.smh.com.au/business/the-economy/joe-hockey-moves-to-scrap-mining-tax-20131024-2w2wy.html#ixzz2ibKwzYF2




I wonder if the families realise they are losing the schoolkids bonus (the old Education tax refund).