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Cost of Living Measures
One Nation is committed to addressing the cost of living crisis by implementing a suite of targeted measures designed to provide immediate relief to Australian households and businesses. Our plan includes the following:
Electricity Bill Reductions
- Change the National Electricity Market (NEM) rules to enable and incentivize cheaper coal and gas-fired baseload power while supporting nuclear energy in the medium term.
- Aim to slash electricity bills by 20% immediately.
Fuel Price Relief
- Halve the fuel excise to 26 cents per liter for 3 years with a review after 12 months, with the option to extend further.
- This measure will reduce costs for motorists and lower freight expenses, directly impacting the price of groceries, goods, and services.
Tax Relief for Households and Retirees
- Enable aged and veteran pensioners to earn more without penalty.
- Introduce income splitting and joint tax return filing for couples with dependent children.
- Raise the tax-free threshold to $35,000 for self-funded retirees.
Dump the Beer tax
- Remove the excise on Beer and Spirits in venues
Healthcare Cost Reductions
- Increase the Medicare rebate to better remunerate GPs and promote bulk billing.
- Crack down on Medicare fraud, which is estimated to cost up to $3 billion per year.
These cost-of-living measures are core to our policy commitments, will be added to, and will provide much-needed relief to Australians while addressing structural inefficiencies and fostering long-term economic stability.
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