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Speaker 1: Just before we get started, we'd like to acknowledge and

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Speaker 1: pay respect to Australia's Aboriginal and torrest Rate islander people's.

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Speaker 1: They're the traditional custodians of the lands, the waterways and

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Speaker 1: the skies all across Australia. We thank you for sharing

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Speaker 1: and for caring for the land on which we are

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Speaker 1: able to learn. We pay respects to elders past and present,

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Speaker 1: and we share our friendship and our kindness.

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Speaker 2: She's on the Money, She's on the Money.

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Speaker 1: Hello, and welcome to She's on the Money, the podcast

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Speaker 1: for millennials who want financial freedom. This is our Friday

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Speaker 1: Drinks episode where we celebrate the money wins from the

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Speaker 1: She's on the Money community. As you guys know, it

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Speaker 1: is the time of the week where George, Jess and

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Speaker 1: I we sit down with a bevy. We've all got

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Speaker 1: some form of cola this week. None are equal. Jess

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Speaker 1: has what you've got a vanilla coke, not a pepsi,

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Speaker 1: not a pepsi just that I've got the pepsi, but

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Speaker 1: it's a Pepsi max. So it got quickly dismissed by

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Speaker 1: Jess as an option. And Georgia, as always has the

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Speaker 1: little hippie option of a Cola's.

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Speaker 2: Delicious Guys tastes.

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Speaker 1: Just like hope trying. No thank you, sir, But we

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Speaker 1: are here this week because we know that every single

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Speaker 1: week there are epic money wins and confessions shared in

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Speaker 1: our Facebook group, and our community do some epic things

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Speaker 1: as well as the fact that the budget happened to

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Speaker 1: this week and I really really really want to talk

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Speaker 1: about it, but this week we are talking about the

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Speaker 1: She's on the Money community, what they got up to,

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Speaker 1: how it worked, and if you missed the Monday and

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Speaker 1: the Wednesday episodes, Jess and George they recap them for

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Speaker 1: you here. So let's jump straight in, Miss Jess Garci.

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Speaker 1: As always, what happened on this week's money Diary.

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Speaker 3: So t Speak's diarist was just living her best life,

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Speaker 3: really her work life balance, doing all different things. She's studying,

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Speaker 3: she's working, she's a gardener, she's a sex worker. She

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Speaker 3: just had all of the variety, which I personally think

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Speaker 3: is the way to go. Spice of life a thousand percent,

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Speaker 3: and her life was indeed spicy. So she chatted to

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Speaker 3: us a little bit about how COVID really impacted her

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Speaker 3: income because obviously both gardening and sex work are roles

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Speaker 3: that require face to face contact that was not an

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Speaker 3: option during COVID No, so she lost pretty much all

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Speaker 3: of her income, which would have been so so stressful,

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Speaker 3: and she's really still working on pulling herself back out

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Speaker 3: of that rebudgeting. And she just spoke to us a

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Speaker 3: little bit about how she didn't have the clarity that

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Speaker 3: she needed, and we had a really good conversation around

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Speaker 3: financial advice and when to get it and when to not,

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Speaker 3: and what resources are out there so you can figure

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Speaker 3: things out by yourself. And ultimately she said she just

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Speaker 3: needed a little bit of clarity, which I think a

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Speaker 3: lot of people do, And it was just a really

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Speaker 3: good down to earth I think diary that a lot

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Speaker 3: of us have probably been in that space before.

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Speaker 1: Yeah. I really liked her. I wanted to be friends,

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Speaker 1: But I don't think that there's been an episode of

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Speaker 1: Money Diaries where I haven't wanted to be friends with

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Speaker 1: the DIARISTYFULI we've recorded, Yeah, like, we just haven't met

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Speaker 1: you all yet. So moving on, Georgia g King on

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Speaker 1: tour as your Instagram handle names you, what happened on

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Speaker 1: the Wednesday Wednesday EP?

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Speaker 2: Ladies, We discussed growth versus dividend investing strategies by it

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Speaker 2: was actually really interesting, was it actually or are you

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Speaker 2: saying that because you're like, ah, I can't tell them

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Speaker 2: glory down to pas.

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Speaker 3: No, it was a good ep. We got some really

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Speaker 3: good feedback as well this day, we folks, Yeah, we did.

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Speaker 3: We're focusing on drilling down in investing at the moment.

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Speaker 3: We're working with our friends at Charesas to bring you

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Speaker 3: a whole investing series, so more in depth, high level

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Speaker 3: investing specific content. We'd love to see it and if

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Speaker 3: there's anything you want to see specifically, let us know

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Speaker 3: because we're planning out that little series as we speak.

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Speaker 1: And just wants you to do all her work for

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Speaker 1: you exactly, all right, So let's dive into it. G

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Speaker 1: King on tour. What have you got from the community

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Speaker 1: that you would like to share with the group.

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Speaker 2: I feel really honored to read out these wins every

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Speaker 2: week and as always, they're starting there amazing, their gorgeous

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Speaker 2: Why are you guys lying in Oscar?

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Speaker 1: I'm just here.

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Speaker 2: I mean, Oscar's are all the rage at the moment.

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Speaker 2: It's the hot topic.

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Speaker 1: I don't believe anyone's been punched in this studio before.

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Speaker 3: Well, not yet.

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Speaker 2: Let's get into the wins of the week. The first

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Speaker 2: one comes from Emily money birthday win. I set the

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Speaker 2: goal a while ago to have all of my debt

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Speaker 2: paid off before I turned twenty four. My birthday was

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Speaker 2: just last week, and I'm very proud to say I

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Speaker 2: am one hundred percent debt free. Yes, Emily, I have

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Speaker 2: closed down all my buy now pay later accounts like

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Speaker 2: after pay and zip pay, paid off all of my

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Speaker 2: student debt, which is very impressive, and all the other

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Speaker 2: debt I've accumulated over my adult life. It's such a

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Speaker 2: refreshing and motivating feeling starting twenty four with so much

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Speaker 2: growth on the horizon.

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Speaker 3: Happy birthday, Emily, That's such a good way to start.

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Speaker 3: You're absolutely right.

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Speaker 1: Oh my gosh. I was having this conversation the other

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Speaker 1: day about words that we use, and I feel like

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Speaker 1: the word liberated is so useful here, Like you would

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Speaker 1: feel liberated once you pay off all your debt. You

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Speaker 1: just feel free to do whatever you want, and that

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Speaker 1: makes me so excited for you. Emily. Congrats and happy birthday.

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Speaker 2: Then next win comes from Michelle Money win. I ended

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Speaker 2: my dog food subscription as they were going to put

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Speaker 2: it up by eighty dollars.

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Speaker 1: Eighty dollars.

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Speaker 2: I decided I'm going to cook it myself, and I'm

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Speaker 2: going to save myself nearly one hundred dollars a month. Yes,

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Speaker 2: I lose the convenience, but I'd rather save the money.

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Speaker 1: I'm glad she's still feeding your dog, not just canceling

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Speaker 1: the subscriptions like I would cancel my Netflix and not.

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Speaker 2: She's doing the right thing. The next win it comes

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Speaker 2: from Emily Money Win. I have a bunch of wild

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Speaker 2: monster in my garden, Ladies. This one's for you.

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Speaker 1: We can liberate those plants.

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Speaker 2: Yes, I propagated them, and now they look amazing in

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Speaker 2: my house. I might start selling them on Facebook, Mark

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Speaker 2: and Play. First customers are sitting in this room, Emily.

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Speaker 1: We aren't customers when it comes to plants, if you've

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Speaker 1: listened to any good cheese on the money. So let's

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Speaker 1: move on though.

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Speaker 2: The next win is a bit of a quirky one,

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Speaker 2: one of my favorites, ladies. It's from Yanna in twenty

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Speaker 2: twenty in the first lockdown, I bought a packet of

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Speaker 2: men's beard dye to dye my brows. It's now twenty

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Speaker 2: twenty two and I've used it at least fifteen to

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Speaker 2: twenty times and I still have about a quarter of

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Speaker 2: the die left. It cost me sixteen dollars for two

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Speaker 2: years of dyeing my own eyebrows. Pre covid, I was

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Speaker 2: paying twenty two dollars per session to get them dyed.

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Speaker 1: Ladies, what do we think I do that myself? Yeah,

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Speaker 1: for men bread, Yeah, I totally do that. And if

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Speaker 1: you want to get even spicier, you can buy the

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Speaker 1: black one and put it on your eyelashes. I mean,

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Speaker 1: they probably don't want you putting it anywhere any eyes,

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Speaker 1: But like for a money, when.

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Speaker 3: I'll do it, the safety directions we're not responsible for.

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Speaker 1: No I do. It's really really good.

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Speaker 3: So that's what you do with your beautiful brows.

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Speaker 1: You can get I meantime disclaim it. I do have

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Speaker 1: tattooed brows, so I am at a bit of an advantage.

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Speaker 1: But I do have to tint the hairs because naturally

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Speaker 1: I am quite light head. So yeah, anyway, very good money.

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Speaker 1: I mean I like that las. I just don't buy

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Speaker 1: the actual female one. Pink tax written all over U

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Speaker 1: is it more expensive? Much more expensive? Way less product wayless.

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Speaker 2: For women's beard die. No, okay, moving on, the next

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Speaker 2: wind comes from color. My MacBook pro died fourteen months

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Speaker 2: after I bought it, and I thought it was out

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Speaker 2: of warranty, took it into the Apple store, and turns

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Speaker 2: out the Australian consumer law warranty was still valid. I

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Speaker 2: saved myself one thousand, five hundred and seventy five dollars

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Speaker 2: in repair costs. I am cheering.

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Speaker 1: I love that, but also, jess, why are you dancing?

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Speaker 3: Because I have been in this exact situation where Apple

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Speaker 3: tried to tell me that my four thousand dollars MacBook

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Speaker 3: after two years, when it just stopped like functioning, They're like, well,

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Speaker 3: it's outside of warranty, and I was like, that is

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Speaker 3: absolutely not a thing. Are you joking? Consumer law friends

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Speaker 3: know it, understand it, and when necessary bring it up.

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Speaker 3: Did you?

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Speaker 2: Oh?

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Speaker 3: Yeah I did, And funnily enough, as soon as I

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Speaker 3: said that, they replaced the laptop. Interesting, yeah, so like know.

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Speaker 1: You're rights because a cowinky did.

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Speaker 3: Stores personal policies are overridden by federal law. Funnily enough,

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Speaker 3: so like know it obviously only invocate when it's applicable,

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Speaker 3: but you are protected when you spend a lot of

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Speaker 3: money on talping, you can expect it to work for

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Speaker 3: a reasonable amount of time.

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Speaker 1: When you're older, Jess and you're like in your secretes, yeah,

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Speaker 1: do you reckon? You're going to change your name.

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Speaker 3: There's a new restaurant in Melbourne called Karen's. I keep seeing.

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Speaker 3: I'm like, is this made for me?

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Speaker 1: Can we go? Apparently? They just are absolutely awful. You

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Speaker 1: walk in and they throw the menus at you and stuff,

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Speaker 1: and I just want slightly intimidate. We should go team outing.

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Speaker 3: Lock it in.

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Speaker 2: All right. The final win here, ladies, is from Nicole

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Speaker 2: Future Money Win. I am predicting Victoria will to a

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Speaker 2: budget pod and that will be a win for us

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Speaker 2: to understand in more detail.

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Speaker 1: Welcome to that budget precisely.

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Speaker 3: That was very strategically picked. Well done it, thanks ladies.

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Speaker 1: She's on the content. All right, Let's go to a

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Speaker 1: quick break and then we'll turn this into a budget pod. Excellent.

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Speaker 3: Alrighty, so we are talking budget because I mean, if

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Speaker 3: anyone knows us, it's like a holiday in our office.

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Speaker 3: The way Victoria wasn't just a holiday.

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Speaker 1: It was an excuse to sit on the couch with

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Speaker 1: not just one but maybe a couple of cheeky glasses

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Speaker 1: of wine, a notebook, and my partner, who was thoroughly

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Speaker 1: confused about why I was so excited about watching essentially

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Speaker 1: a budget.

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Speaker 3: Yeah. So there was a lot covered, obviously, a lot

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Speaker 3: of which.

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Speaker 1: Was just honestly not that interesting.

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Speaker 3: Sorry, sorry, but can you give us It.

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Speaker 1: Can be really bland and really boring. And I think

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Speaker 1: it was really dry Jess, because they aren't podcasters, they're politicians,

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Speaker 1: and they aren't exactly trained, and they don't have peachy

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Speaker 1: branding which makes them interesting so much.

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Speaker 3: I write to the federal government and let them know

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Speaker 3: if they just rebranded impeach, people would probably be way

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Speaker 3: more interested.

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Speaker 4: Yeah.

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Speaker 1: I think that's good. They can't even borrow our title.

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Speaker 1: Instead of She's on the money, it's she's in Parliament. Great?

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Speaker 3: Is that has like a great campaign written all over it.

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Speaker 3: More women in Parliament please.

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Speaker 1: BD for fifty Oh holy do it's a cool Not

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Speaker 1: a chance, Not a chance, my friends, I swear way

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Speaker 1: too much and have too much of a shady history.

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Speaker 2: No.

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Speaker 1: But moving on, This year's budget was particularly interesting, especially

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Speaker 1: for someone like me, because this year is an election year,

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Speaker 1: So this is a year where our current prime minister,

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Speaker 1: who clearly wants to stay prime minister, is making all

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Speaker 1: these promises where he is hoping that you will hang

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Speaker 1: on that and go, all right, well, let's votes go

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Speaker 1: mo again, because that makes me feel really comfortable, and

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Speaker 1: I really like that. But I did feel personally like

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Speaker 1: there were a few missing pieces. So it was really

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Speaker 1: interesting for me personally because if you listen to our

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Speaker 1: budget recap on the federal budget last year, I'm pretty

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Speaker 1: sure I mentioned that I didn't think that there was

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Speaker 1: enough information and allocation of funds towards healthcare, age healthcare

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Speaker 1: and what's going on in the healthcare system right now

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Speaker 1: and the amount of pressure that we know they are

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Speaker 1: still under. There was basically nothing on that, but they

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Speaker 1: were jumping up and down about the first home buyers

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Speaker 1: grants and stuff like that. So I was like, ah,

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Speaker 1: where are your values at? And obviously it's been very

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Speaker 1: driven by making sure that they are getting votes. Another

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Speaker 1: thing to understand about a budget is that's this government's budget.

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Speaker 1: So if they're promising things and changes that are going

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Speaker 1: to be made, and our government changes, that doesn't mean

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Speaker 1: that they have to uphold the promises that were made

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Speaker 1: with the budget. Another government proposed, they can change things,

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Speaker 1: so it's proposed changes. Nothing in the budget that was

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Speaker 1: allocated yesterday, except for the fuel thing, which we'll get

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Speaker 1: to in a hot second, has been set in stone.

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Speaker 1: So it's all like, here's the proposal of the budget,

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Speaker 1: and then they kind of go through a phase of

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Speaker 1: objections and people might jump up and down and be like,

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Speaker 1: oh my gosh, that's awful, please don't do X, y Z,

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Speaker 1: and then they might change their strategy. So it's essentially

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Speaker 1: them sitting down and going, hey, JS, we've done all

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Speaker 1: the work in the background, here's our proposed budget. What

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Speaker 1: do you think?

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Speaker 4: Yeah?

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Speaker 3: Love it. There was obviously a provision and I'm sure

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Speaker 3: you're going to touch on this in a second. A

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Speaker 3: few tax cuts and things like that if we changed government.

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Speaker 3: How likely is it that they would take those away?

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Speaker 1: It depends on how big the tax breaks are. I

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Speaker 1: highly doubt that they would take them away, because there

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Speaker 1: has been some pretty good tax breaks. But let's get

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Speaker 1: to that in a hot second, though, Jess, because I

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Speaker 1: have a few like head topics that I want to

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Speaker 1: talk about and will break down what it looks like

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Speaker 1: under each so you don't feel like you're jumping back

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Speaker 1: and forth from super to tax cuts to what it

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Speaker 1: means for paid parental leaf.

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Speaker 3: Is that all right?

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Speaker 1: Does that make sense?

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Speaker 3: Yeah, let's do it.

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Speaker 1: So the first one, Georgia King, I'm very excited about this,

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Speaker 1: as are you. You are obviously incredibly excited about parental leaf. Yeah.

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Speaker 2: No, well no, I mean, I'm obviously not a parent yet,

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Speaker 2: but over the past two years we've spoken about it

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Speaker 2: a lot, and it's something that's really been lacking. So

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Speaker 2: what are the changes.

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Speaker 1: Oh, I really like this because I feel like the

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Speaker 1: changes aren't just financial now, they are actually just about

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Speaker 1: being a bit more inclusive. So first things first, obviously

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Speaker 1: she's on the money financial changes. The budget this year

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Speaker 1: included three hundred and forty six million dollars to increase

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Speaker 1: the aid parental scheme from eighteen weeks to twenty weeks.

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Speaker 1: So now parents who are taking time off get two

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Speaker 1: extra weeks, and I think that that is a lot

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Speaker 1: of time in the grand scheme of things, and that's

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Speaker 1: a really good step in the right direction. And now, guys,

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Speaker 1: they are combining the paid parental leave scheme with the

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Speaker 1: dad and Partner Pays scheme into one single scheme. Which

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Speaker 1: you might go, what's the point of that, especially because you, guys,

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Speaker 1: you're not parents, so you haven't had to look into this.

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Speaker 1: But instead of the old scheme where it was the

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Speaker 1: primary caregiver gets to take that leave, now both parents

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Speaker 1: can actually choose how they spend that twenty weeks as

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Speaker 1: they see applicable. So, Jesse, if you have a baby,

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Speaker 1: you can just go, my partner's taking this, I'm taking that,

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Speaker 1: or I'm taking at all and my partner's not taking anything.

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Speaker 1: And I just feel like that's so much more inclusive

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Speaker 1: and so much more twenty twenty than you the main

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Speaker 1: primary caregiver, which is from my perspective, incredibly outdated.

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Speaker 3: As is the term twenty twenty, because twenty twenty teh.

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Speaker 4: Sorry, you know what, let's not even change that I

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Speaker 4: am who I am, Guys, much more inclusive, right, just

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Speaker 4: recognizing that, like the family dynamic nowadays is very different

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Speaker 4: from what it was a couple of decades ago, and

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Speaker 4: that the primary caregiver can in fact be not the female.

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Speaker 1: Yeah, which I'm not surprised by, but turns out politicians

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Speaker 1: are a little bit weirded out by it.

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Speaker 3: Better late than ever.

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Speaker 1: Yeah, slowly slowly from little things, big things grow, don't

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Speaker 1: we say that's it?

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Speaker 3: That's it.

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Speaker 2: What's next on the list of me?

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Speaker 1: Let's talk about health because just before I made a

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Speaker 1: comment about how I was disappointed in health, and if

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Speaker 1: you actually watched the budget like I did, you'd be

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Speaker 1: like vie. They did allocate money towards health. I don't

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Speaker 1: believe enough. But they did allocate some really good money

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Speaker 1: towards some really good prevention initiatives. So they allocated a

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Speaker 1: total of five hundred and forty seven million dollars over

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Speaker 1: the next five years, including fifty two million dollars for Lifeline,

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Speaker 1: obviously very important, forty three million dollars towards suicide prevention

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Speaker 1: initiatives read, which I think is incredibly important as well,

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Speaker 1: twenty nine million dollars to increase the number of psychiatric

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Speaker 1: workers in the country, twenty four million dollars for programs

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Speaker 1: about eating disorders, and eighteen million dollars is being targeted

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Speaker 1: at multicultural communities, which I think is really great. That's

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Speaker 1: all of those things are steps in the right direction.

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Speaker 1: But where was aged.

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Speaker 3: Care or anything physical health related. That's all mental health, which.

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Speaker 1: Is and visually health is so great it is so great,

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Speaker 1: But I think it's also really important to talk about

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Speaker 1: the fact that, you know, with just being through COVID,

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Speaker 1: and I think from my perspective, hospitals and nursing stuff,

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Speaker 1: and a lot of our listeners are nursing stuff and

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Speaker 1: they're just not getting the support they deserve, the bonuses

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Speaker 1: they deserve, and they're working over time, and they're absolutely

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Speaker 1: being thrown under a bus at the moment and being

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Speaker 1: expected to lay there happily. Where was the funding for them?

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Speaker 1: Where was the funding for the hospitals to support that?

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Speaker 1: And I just feel like that was such a missing

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Speaker 1: piece from this year's budget.

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Speaker 3: Isn't it interesting as well? Like the pandemic really exposed

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Speaker 3: I think some huge gaps in our preparedness for things

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Speaker 3: like that. I would have thought that they would then

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Speaker 3: allocate to prevent that from happening again. Like there's no

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Speaker 3: money there for research or strategy or any kind of

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Speaker 3: additional resources. So if we, god forbid, get hit by

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Speaker 3: another plague, are we just going to be backing the

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Speaker 3: same spot we were in. Yeah.

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Speaker 1: Look, as much as Jess, I think that they have

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Speaker 1: definitely not allocated enough. They've also allocated some resources to

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Speaker 1: creating an mRNA vaccination here in Australia, which is the

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Speaker 1: first time they've done that, and that's incredibly exciting, but

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Speaker 1: it's only one step. It's not you know, as much

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Speaker 1: as I had hoped they would be allocating. I don't

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Speaker 1: know what they were expecting, and that's why I did

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Speaker 1: feel like that segment was quite lean. They did have

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Speaker 1: some funding in other healthcare areas. So, for example, in

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Speaker 1: women's health they announced last week, not during the budget,

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Speaker 1: but they announced last week an additional fifty eight million

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Speaker 1: dollar for endometriosis support, which is obviously incredibly important. They

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Speaker 1: also allocated forty million dollars to the McGrath Foundation's breast

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Speaker 1: cancer Nurses program. Important, but what about all the other nurses?

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Speaker 1: And I know that that sounds really entitled. I'm so

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Speaker 1: grateful that we have support. So many countries don't have this,

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Speaker 1: but I just feel like that missing piece is like

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Speaker 1: grinding my gears significantly. And then there was an additional

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Speaker 1: one hundred and thirty one million dollars that was allocated

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Speaker 1: to treatments funded through Medicare, So that was stuff like

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Speaker 1: genetic testing for stuff like cystic fibrosis and spinal muscular

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Speaker 1: atrophy and fragile X syndrome, and also MRI diagnosises for

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Speaker 1: liver and breast cancers and myocardtists. So all of that

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Speaker 1: is really good, and I don't want to go into

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Speaker 1: the numbers and break it down because that's not what

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Speaker 1: you guys are here for to be like, oh, one

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Speaker 1: thirty one. Can't believe though, did that? I thought it

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Speaker 1: was going to be one twenty nine, Like, that's not

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Speaker 1: the important thing. I think what we hear learning about

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Speaker 1: is where their priorities are sitting and looking at it

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Speaker 1: and going okay, cool, like they've allocated funding to healthcare. Great,

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Speaker 1: how's that broken up? And I just think it potentially

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Speaker 1: could have been broken up in a different way or

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Speaker 1: found funding from a different location to add to it,

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Speaker 1: because it's not like these areas that have had funding

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Speaker 1: allocated to them aren't deserving of it. They absolutely are.

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Speaker 1: And that's why I feel a bit. I feel like

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Speaker 1: a bit of a dick, same that guys. But at

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Speaker 1: the same time, I'm like, okay, cool, but what about

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Speaker 1: the support for the average nurse, Like in mental health,

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Speaker 1: why wasn't there some kind of mental health care plan

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Speaker 1: put in place for nurses or for healthcare workers. From

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Speaker 1: the past two years, I feel like if we've learned anything,

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Speaker 1: it's that we really need to be looking after our

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Speaker 1: frontline workers. Where was any support for them? So I

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Speaker 1: think that's the thing that's grinding my gears. But let's

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Speaker 1: move away from health because I feel like that clearly

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Speaker 1: is a trigger for me. Guys, what do you want

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Speaker 1: to hear about next?

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Speaker 2: So let's talk petrol prices.

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Speaker 1: Love a good petrol price.

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Speaker 2: We do. Obviously that has gone up significantly this year

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Speaker 2: because of everything happening overseas.

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Speaker 1: Yeah, you would have seen it go down this week.

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Speaker 2: I actually haven't had to fill ups.

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Speaker 3: I haven't noticed.

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Speaker 1: I noticed because I had to drive to work yesterday

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Speaker 1: and I noticed that the prices had decreased because of

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Speaker 1: the day before the budget. I had actually filled up.

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Speaker 1: So I'm a little bit salty on this because I

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Speaker 1: kind of knew it was coming, that I didn't know

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Speaker 1: it would be immediate. So what happened was there was

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Speaker 1: a fuel xcise, which is very exciting for us. If

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Speaker 1: you know what a fuel excise is. Low jokes, no

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Speaker 1: one knows what a fuel excise is, but it's essentially

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Speaker 1: where they cut the amount of tax for a specific

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Speaker 1: period of time. So the current flat petrol tax is

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Speaker 1: forty four point two cents for every dollar of petrol,

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Speaker 1: so that's pretty hefty, I reckon. But for the next

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Speaker 1: six months it's being cut down to twenty two point

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Speaker 1: one CeNSE per dollar, with the intention of that being

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Speaker 1: passed directly onto the consumer. So instead of you know,

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Speaker 1: the big corporates saving some tax and just charging you

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Speaker 1: the same amount, the government is actually going to be

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Speaker 1: watching and making sure that the distributors of fuel actually

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Speaker 1: passing that on to the consumer because they're trying to

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Speaker 1: help out hip pocket, which is very nice of them.

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Speaker 1: There's no real reason why it's just six months. Maybe

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Speaker 1: because they want their tax paid at some point, but

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Speaker 1: hopefully that will get increased. And obviously there's been significant

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Speaker 1: market pressure around the world from you know, we talked

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Speaker 1: about the war that has been declared and all of

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Speaker 1: the other stuff going on, but I don't think that's

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Speaker 1: going away as quickly as six months. So we'll see

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Speaker 1: what happens then. But for now, let's just revel in

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Speaker 1: the fact that we get a discount on our fuel

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Speaker 1: and that is very very welcome.

438
00:20:28,240 --> 00:20:30,520
Speaker 2: We'll cop that was there anything else in the way

439
00:20:30,560 --> 00:20:33,080
Speaker 2: of cost of living that they've addressed in this budget bait?

440
00:20:33,200 --> 00:20:35,119
Speaker 1: Yes, So there are two things that I want to

441
00:20:35,119 --> 00:20:38,200
Speaker 1: talk about in addition under the bracket of cost of living.

442
00:20:38,520 --> 00:20:41,600
Speaker 1: And the first, my friends, is a tax cut. We

443
00:20:41,720 --> 00:20:44,359
Speaker 1: love a tax cut and it's for the average bear.

444
00:20:44,840 --> 00:20:47,960
Speaker 1: So if you earn under one hundred and twenty six

445
00:20:48,080 --> 00:20:52,239
Speaker 1: thousand dollars this year, when submitting your tax return, you

446
00:20:52,240 --> 00:20:55,160
Speaker 1: can expect a four hundred and twenty dollars tax cut,

447
00:20:55,200 --> 00:20:57,679
Speaker 1: which is a money win for anyone earning under one

448
00:20:57,720 --> 00:21:00,800
Speaker 1: hundred and twenty six thousand dollars. Important to understand, though,

449
00:21:00,840 --> 00:21:02,880
Speaker 1: you obviously have to have paid that much in tax

450
00:21:02,920 --> 00:21:04,240
Speaker 1: to be able to get it. So if you're in

451
00:21:04,280 --> 00:21:07,000
Speaker 1: a position where you earn under eighteen thousand dollars, you're

452
00:21:07,000 --> 00:21:09,240
Speaker 1: probably not going to be eligible. But for those of

453
00:21:09,320 --> 00:21:12,280
Speaker 1: us who have average bare wages, that's a nice little

454
00:21:12,359 --> 00:21:16,159
Speaker 1: tax bump at tax time. Certainly so, very US, very US.

455
00:21:16,160 --> 00:21:18,680
Speaker 1: Not bad. And for a little bit of context there,

456
00:21:18,800 --> 00:21:22,440
Speaker 1: ninety percent of Australians are within that bracket. Really yeah,

457
00:21:22,680 --> 00:21:24,080
Speaker 1: not bad, good sized guys.

458
00:21:24,119 --> 00:21:25,560
Speaker 2: Well, that is good for all of us.

459
00:21:25,640 --> 00:21:28,240
Speaker 1: But if you're not in that situation. Guys, there has

460
00:21:28,359 --> 00:21:31,240
Speaker 1: been a two hundred and fifty dollars payment for welfare

461
00:21:31,240 --> 00:21:34,639
Speaker 1: recipients declared, which is very exciting as well. It's a

462
00:21:34,680 --> 00:21:37,320
Speaker 1: one off payment of two hundred and fifty dollars that

463
00:21:37,359 --> 00:21:40,280
Speaker 1: will be paid to anyone who is currently receiving welfare.

464
00:21:40,359 --> 00:21:42,680
Speaker 1: So that's our friends who are on Youth Allowance or

465
00:21:42,680 --> 00:21:45,280
Speaker 1: on job seeker payments. They could be on a parenting payment,

466
00:21:45,320 --> 00:21:48,159
Speaker 1: a disability support payment, or on the age pension. So

467
00:21:48,240 --> 00:21:50,359
Speaker 1: that's a nice little cash bonus that will be hitting

468
00:21:50,359 --> 00:21:52,840
Speaker 1: your back pockets if you are in that situation and

469
00:21:52,920 --> 00:21:54,600
Speaker 1: might take a little bit of pressure off the fact

470
00:21:54,640 --> 00:21:56,880
Speaker 1: that we are have been paying exorbitant amounts of money

471
00:21:56,880 --> 00:21:57,760
Speaker 1: on fuel George.

472
00:21:57,600 --> 00:22:00,399
Speaker 2: Kings, So what's the idea behind that? Because to me,

473
00:22:00,520 --> 00:22:03,720
Speaker 2: obviously super privileged person doing okay in life, two hundred

474
00:22:03,760 --> 00:22:06,280
Speaker 2: and fifty dollars doesn't sound like very much. Should that

475
00:22:06,359 --> 00:22:08,760
Speaker 2: have been more? Or is the idea behind that that

476
00:22:08,840 --> 00:22:10,720
Speaker 2: it just helps out with the groceries for a couple

477
00:22:10,760 --> 00:22:13,000
Speaker 2: of weeks and petrol and stuff like that. What's the

478
00:22:13,040 --> 00:22:13,840
Speaker 2: logic behind it?

479
00:22:13,920 --> 00:22:15,840
Speaker 1: At the end of the day, if you are on

480
00:22:16,160 --> 00:22:20,520
Speaker 1: any kind of welfare payment, the plan isn't to create wealth.

481
00:22:20,640 --> 00:22:22,760
Speaker 1: It's actually to put you in a situation where you

482
00:22:22,760 --> 00:22:24,320
Speaker 1: can put a roof over your head and put food

483
00:22:24,359 --> 00:22:26,960
Speaker 1: on the table. It doesn't exist so that you can

484
00:22:27,000 --> 00:22:29,080
Speaker 1: go and save a whole heap and create wealth and

485
00:22:29,119 --> 00:22:31,960
Speaker 1: go on holidays like. That's not what welfare is for.

486
00:22:32,080 --> 00:22:34,119
Speaker 1: It's to make sure that you are being able to

487
00:22:34,160 --> 00:22:38,080
Speaker 1: do those things. But over the last few months slash year,

488
00:22:38,560 --> 00:22:41,280
Speaker 1: especially with the rate of inflation and fuel price, I

489
00:22:41,280 --> 00:22:43,639
Speaker 1: think it's a very reasonable thing for the government to go.

490
00:22:43,800 --> 00:22:45,840
Speaker 1: You need a little bit of a cash bonus, You

491
00:22:45,880 --> 00:22:48,000
Speaker 1: need a little bit extra in your back pocket, and

492
00:22:48,080 --> 00:22:50,119
Speaker 1: I would be urging you if you have gotten that

493
00:22:50,520 --> 00:22:52,919
Speaker 1: to put it into something of use, like don't just

494
00:22:52,960 --> 00:22:54,879
Speaker 1: blow it. But if you don't have an emergency fund,

495
00:22:54,920 --> 00:22:57,159
Speaker 1: that would be a really great start. For one. If

496
00:22:57,200 --> 00:22:59,280
Speaker 1: you have some debt, maybe that's a really good chunk

497
00:22:59,320 --> 00:23:01,439
Speaker 1: of that debt that could be paid off. I'd be

498
00:23:01,480 --> 00:23:03,400
Speaker 1: trying to make that money work as hard for you

499
00:23:03,480 --> 00:23:06,159
Speaker 1: as you do. Yeah. Cool, Yeah, from my perspective, it's

500
00:23:06,200 --> 00:23:09,240
Speaker 1: a nice little bonus. Do we really need to review welfare,

501
00:23:09,400 --> 00:23:11,680
Speaker 1: Absolutely we do, But this is a step in the

502
00:23:11,760 --> 00:23:12,320
Speaker 1: right direction.

503
00:23:12,440 --> 00:23:14,760
Speaker 3: Guys, when was the last time I have often do

504
00:23:14,840 --> 00:23:17,720
Speaker 3: they review welfare payments, because I've heard a lot of

505
00:23:17,720 --> 00:23:21,760
Speaker 3: conversation from people who are welfare recipients that it's literally

506
00:23:21,800 --> 00:23:23,879
Speaker 3: not enough to live on. And that's the whole purpose

507
00:23:23,920 --> 00:23:25,040
Speaker 3: of it, right, Like you said.

508
00:23:24,880 --> 00:23:27,720
Speaker 1: Yeah, yeah, like the idea, and you know, I don't

509
00:23:27,760 --> 00:23:30,439
Speaker 1: agree with this. This just is what it is. Is

510
00:23:30,480 --> 00:23:33,639
Speaker 1: that welfare is meant to be an intra measure, not

511
00:23:33,720 --> 00:23:36,679
Speaker 1: a long term solution, and it's an amount of money

512
00:23:36,720 --> 00:23:38,879
Speaker 1: that puts you in a situation where hopefully you can

513
00:23:38,880 --> 00:23:40,840
Speaker 1: put a roof over your head and food on the table,

514
00:23:41,040 --> 00:23:43,600
Speaker 1: but also puts you in a position where you're motivated

515
00:23:43,640 --> 00:23:46,000
Speaker 1: to get back into work or motivated to go and

516
00:23:46,040 --> 00:23:49,200
Speaker 1: earn an income. So I agree that it's not enough

517
00:23:49,200 --> 00:23:51,760
Speaker 1: and it needs to be reviewed. From my understanding, it

518
00:23:51,800 --> 00:23:55,400
Speaker 1: hasn't been reviewed properly or fully in the last ten years.

519
00:23:55,880 --> 00:23:58,160
Speaker 1: And as you guys know, with the rate of inflation

520
00:23:58,320 --> 00:24:01,000
Speaker 1: last year being two point eight percent, and like, eh,

521
00:24:01,040 --> 00:24:04,600
Speaker 1: if that's happened for the last ten years, that's pretty significant.

522
00:24:05,000 --> 00:24:07,199
Speaker 1: So I think it does need a good review, but

523
00:24:07,320 --> 00:24:09,879
Speaker 1: it's never going to be changed to be in a

524
00:24:09,920 --> 00:24:12,280
Speaker 1: position where it's like, oh my gosh, Now it's sixty

525
00:24:12,359 --> 00:24:15,199
Speaker 1: thousand dollars a year and you guys can sit comfortably.

526
00:24:15,680 --> 00:24:18,040
Speaker 1: I think there is a lot to say about welfare.

527
00:24:18,320 --> 00:24:20,040
Speaker 1: You know, a lot of people have a lot of

528
00:24:20,080 --> 00:24:23,080
Speaker 1: colorful experiences. This is not opinion, this is just fact.

529
00:24:23,480 --> 00:24:26,280
Speaker 1: The reason it is so low is because they don't

530
00:24:26,320 --> 00:24:29,199
Speaker 1: actually want people relying on it. They want people to

531
00:24:29,280 --> 00:24:32,040
Speaker 1: want to get into paid work, because that amount of

532
00:24:32,040 --> 00:24:34,960
Speaker 1: money is coming from tax payers, and you know, at

533
00:24:35,000 --> 00:24:36,720
Speaker 1: the end of the day, the world needs to keep

534
00:24:36,760 --> 00:24:37,359
Speaker 1: going around.

535
00:24:37,720 --> 00:24:40,760
Speaker 3: Obviously, everyone knows I'm going through a home journey right

536
00:24:40,800 --> 00:24:43,159
Speaker 3: now because I haven't done a bad it enough, so

537
00:24:43,320 --> 00:24:45,919
Speaker 3: I was really interested to see what was changed for

538
00:24:46,000 --> 00:24:48,280
Speaker 3: first home buyers. Phie, what can you tell me about that?

539
00:24:48,320 --> 00:24:51,080
Speaker 1: All right? So I'm excited about this because there's a

540
00:24:51,160 --> 00:24:53,600
Speaker 1: regional aspect to this. But the government has announced that

541
00:24:53,640 --> 00:24:57,359
Speaker 1: there are forty thousand more positions being added to the

542
00:24:57,400 --> 00:25:00,399
Speaker 1: First Home Buyers scheme, and ten thousand of those are

543
00:25:00,440 --> 00:25:04,760
Speaker 1: being segmented into a new component specifically for our regional friends,

544
00:25:05,000 --> 00:25:08,439
Speaker 1: which before wasn't the case and I think is absolutely necessary,

545
00:25:08,680 --> 00:25:12,520
Speaker 1: which is really really exciting when it comes to housing prices, though,

546
00:25:12,680 --> 00:25:16,960
Speaker 1: my friend the budget, they didn't predict that housing prices

547
00:25:17,000 --> 00:25:21,439
Speaker 1: would go down. I sorry, I'm really sorry. It's not

548
00:25:21,520 --> 00:25:24,560
Speaker 1: what we wanted to take here, But it is expected

549
00:25:24,600 --> 00:25:27,359
Speaker 1: that as the interest rates climb and get a little

550
00:25:27,359 --> 00:25:29,479
Speaker 1: bit higher, it's going to be putting a little bit

551
00:25:29,520 --> 00:25:31,879
Speaker 1: more pressure on people and they're going to want to

552
00:25:31,920 --> 00:25:35,680
Speaker 1: borrow less, which is ultimately going to take housing prices

553
00:25:35,760 --> 00:25:39,760
Speaker 1: down slightly. So no, they're not predicting a housing price

554
00:25:39,880 --> 00:25:42,880
Speaker 1: valuation drop, but I think with the pressure that an

555
00:25:42,920 --> 00:25:46,679
Speaker 1: interest rate hike puts on people and families, it's going

556
00:25:46,720 --> 00:25:48,920
Speaker 1: to mean you're going to either be borrowing less or

557
00:25:49,000 --> 00:25:51,120
Speaker 1: not looking to get into the market as soon as

558
00:25:51,160 --> 00:25:52,040
Speaker 1: you would have before.

559
00:25:52,280 --> 00:25:54,720
Speaker 2: I noticed in my reading today VI that there was

560
00:25:54,760 --> 00:25:57,760
Speaker 2: a bit of criticism about the lack of climate change

561
00:25:57,800 --> 00:25:59,280
Speaker 2: action within this budget.

562
00:25:59,720 --> 00:26:00,960
Speaker 3: Is the truth to that?

563
00:26:01,560 --> 00:26:03,479
Speaker 1: I think there's a fair bit of truth to that.

564
00:26:03,600 --> 00:26:07,240
Speaker 1: I expected a whole heap more, especially after the absolute

565
00:26:07,320 --> 00:26:10,679
Speaker 1: garbage fire that has been the last few years, like

566
00:26:10,800 --> 00:26:15,880
Speaker 1: in terms of bushfires, sluds, everything. I feel like Also,

567
00:26:16,000 --> 00:26:18,560
Speaker 1: I was talking to my good friend Alicia hig Alisha.

568
00:26:18,600 --> 00:26:21,000
Speaker 1: She listens to this show and she is heartbroken at

569
00:26:21,000 --> 00:26:23,600
Speaker 1: the moment because she's been in New South Wales helping

570
00:26:23,640 --> 00:26:26,040
Speaker 1: with flood relief, and I had a tear in my

571
00:26:26,119 --> 00:26:28,280
Speaker 1: eye watching her Instagram stories last night. I think they

572
00:26:28,320 --> 00:26:30,600
Speaker 1: were private, so sorry you can't go watch them. But

573
00:26:30,720 --> 00:26:32,960
Speaker 1: she's been out there volunteering and she's just like the

574
00:26:33,000 --> 00:26:35,600
Speaker 1: media are gone, no one's talking about this. There are

575
00:26:35,640 --> 00:26:38,240
Speaker 1: people with their houses still full of mud. There is

576
00:26:38,320 --> 00:26:41,600
Speaker 1: black mold growing in people's homes, like this stuff isn't

577
00:26:41,640 --> 00:26:44,560
Speaker 1: being moved. We just need more hands on deck. And

578
00:26:44,760 --> 00:26:47,359
Speaker 1: none of that was covered. The fact that our country

579
00:26:47,440 --> 00:26:50,280
Speaker 1: is literally still suffering and they kind of glossed over

580
00:26:50,359 --> 00:26:55,159
Speaker 1: climate change and environmental parts of the budget was really disheartening.

581
00:26:55,680 --> 00:26:59,439
Speaker 1: That said, they have devoted three hundred million dollars to

582
00:26:59,640 --> 00:27:02,920
Speaker 1: quote resilience and a clean up measure in areas that

583
00:27:02,960 --> 00:27:05,960
Speaker 1: do have major damage. That sounds like a lot of money,

584
00:27:05,960 --> 00:27:08,520
Speaker 1: but can we quickly break down what the average house

585
00:27:08,560 --> 00:27:10,840
Speaker 1: price in city and Melbourne is, Oh yeah, about a

586
00:27:10,840 --> 00:27:13,080
Speaker 1: million dollars, So what three hundred houses is that all

587
00:27:13,080 --> 00:27:15,879
Speaker 1: that was impacted. There's a lot more to this story

588
00:27:15,920 --> 00:27:19,800
Speaker 1: because you're taking into consideration labor and tools and things

589
00:27:19,840 --> 00:27:22,919
Speaker 1: to rebuild, and there's just so much more to this

590
00:27:23,040 --> 00:27:25,960
Speaker 1: story than three hundred million dollars and don't get me wrong,

591
00:27:26,000 --> 00:27:27,800
Speaker 1: that's a lot of money, but is it enough?

592
00:27:27,880 --> 00:27:30,879
Speaker 3: And Northern River has just got an evacuation warning for

593
00:27:30,920 --> 00:27:34,200
Speaker 3: it again this week. Like there, I would say, coming

594
00:27:34,200 --> 00:27:36,919
Speaker 3: into winter, surely these areas are at risk of the

595
00:27:36,960 --> 00:27:39,120
Speaker 3: same thing happening and it's just devastating.

596
00:27:39,160 --> 00:27:41,520
Speaker 1: And it's been split. So one hundred and fifty million

597
00:27:41,560 --> 00:27:44,479
Speaker 1: dollars if that three hundred is going to the Northern Rivers,

598
00:27:44,840 --> 00:27:47,600
Speaker 1: and that's good, but like from my perspective, I just

599
00:27:47,640 --> 00:27:50,920
Speaker 1: don't think it's enough and we're not talking about this enough.

600
00:27:51,320 --> 00:27:54,520
Speaker 1: There's been an additional thirty one million dollars allocated for

601
00:27:54,560 --> 00:27:57,280
Speaker 1: mental health support, which makes a lot of sense. Again,

602
00:27:57,520 --> 00:27:59,440
Speaker 1: I would want to see that being a bit higher

603
00:27:59,520 --> 00:28:03,320
Speaker 1: because mental health support is going to be incredibly important.

604
00:28:03,720 --> 00:28:06,080
Speaker 1: But yeah, I felt like it was really light on

605
00:28:06,240 --> 00:28:09,040
Speaker 1: when it came to the environment, Like there was one

606
00:28:09,080 --> 00:28:12,399
Speaker 1: billion dollars but over nine years to protect the Great

607
00:28:12,440 --> 00:28:15,600
Speaker 1: Barrier Reef, which is, let's be honest, is already dying

608
00:28:15,800 --> 00:28:18,480
Speaker 1: and you know needs a lot more than nine years

609
00:28:18,560 --> 00:28:21,600
Speaker 1: worth of strategy. There was also one hundred million dollars

610
00:28:21,600 --> 00:28:26,439
Speaker 1: allocated over three years to quote an environment Restoration Fund

611
00:28:26,960 --> 00:28:30,200
Speaker 1: and fifty three million dollars over five years to support

612
00:28:30,240 --> 00:28:33,560
Speaker 1: the recovery and conservation of koalas. So I get that,

613
00:28:33,920 --> 00:28:36,439
Speaker 1: and I totally understand that koalas are important. I just

614
00:28:36,440 --> 00:28:38,520
Speaker 1: feel like there's a lot of people in Australia that

615
00:28:38,600 --> 00:28:39,440
Speaker 1: need a lot more.

616
00:28:39,320 --> 00:28:42,080
Speaker 2: Right now, so climate change specifically, though be.

617
00:28:42,440 --> 00:28:45,240
Speaker 1: There is one funding measure of two hundred and forty

618
00:28:45,240 --> 00:28:49,240
Speaker 1: seven million dollars to encourage quote the private sector to

619
00:28:49,440 --> 00:28:53,400
Speaker 1: invest in low emission to technology, which will mainly be hydrogen.

620
00:28:53,800 --> 00:28:56,720
Speaker 1: That's not enough, Like it's not enough, but like, also,

621
00:28:56,840 --> 00:28:59,360
Speaker 1: is that all you got? Isn't there other things that

622
00:28:59,400 --> 00:29:01,000
Speaker 1: we can do? I thought there would have been.

623
00:29:01,280 --> 00:29:04,280
Speaker 2: It's so confusing our country's lack of action, isn't it.

624
00:29:04,440 --> 00:29:08,640
Speaker 1: It's actually really embarrassing, Like I'm embarrassed that we have

625
00:29:09,000 --> 00:29:11,800
Speaker 1: so much support and so many people that back us,

626
00:29:11,880 --> 00:29:13,920
Speaker 1: and so many things that we do as a country

627
00:29:13,960 --> 00:29:16,120
Speaker 1: that are so impressive, and then it's like, oh, yeah,

628
00:29:16,120 --> 00:29:18,880
Speaker 1: we're not doing much there though when we know it's

629
00:29:18,920 --> 00:29:21,280
Speaker 1: a problem. Yeah, it's like how we treated our first

630
00:29:21,360 --> 00:29:24,040
Speaker 1: nation's people, Like I just can't believe it took that

631
00:29:24,160 --> 00:29:27,040
Speaker 1: long to get where we are. So there was some

632
00:29:27,200 --> 00:29:30,880
Speaker 1: allocation in the budget this year for our First Nation's friends,

633
00:29:30,920 --> 00:29:34,200
Speaker 1: which I think is incredibly important. So first things off

634
00:29:34,200 --> 00:29:36,840
Speaker 1: the butt is there is a twenty million dollar allocation

635
00:29:37,240 --> 00:29:39,280
Speaker 1: to make sure the transfer of the copyright to the

636
00:29:39,320 --> 00:29:42,520
Speaker 1: Aboriginal Flag moves across to the Commonwealth, which I think

637
00:29:42,600 --> 00:29:46,200
Speaker 1: is really exciting because historically or over the last few years,

638
00:29:46,240 --> 00:29:48,720
Speaker 1: it has been licensed by a company who has stopped

639
00:29:48,760 --> 00:29:50,880
Speaker 1: people using it, and I think it should be able

640
00:29:50,920 --> 00:29:54,240
Speaker 1: to be liberally used by absolutely everyone in that community.

641
00:29:54,280 --> 00:29:56,360
Speaker 1: So that is absolutely a step in the right direction.

642
00:29:56,920 --> 00:29:59,480
Speaker 1: Then there is thirty two million dollars that has been

643
00:29:59,560 --> 00:30:04,560
Speaker 1: all towards establishing thirty five local and regional voice bodies

644
00:30:04,800 --> 00:30:08,680
Speaker 1: for First Nations people to participate in policy discussions and

645
00:30:08,840 --> 00:30:12,400
Speaker 1: service delivery, which I'm really excited about. There's then one

646
00:30:12,480 --> 00:30:16,040
Speaker 1: hundred and seventy three million dollars going to be allocated

647
00:30:16,240 --> 00:30:19,360
Speaker 1: for critical services in the Northern Territory, and a further

648
00:30:19,480 --> 00:30:23,120
Speaker 1: three hundred and seventeen million dollars for the Nogura Cultural

649
00:30:23,160 --> 00:30:26,240
Speaker 1: Precinct near Parliament in Canberra, which is going to include

650
00:30:26,320 --> 00:30:30,880
Speaker 1: the national resting Place to house ancestral remains with unknown providence.

651
00:30:31,080 --> 00:30:33,320
Speaker 1: We've got this space where they are actually going to

652
00:30:33,320 --> 00:30:36,160
Speaker 1: be recognized, which is really really special. So I think

653
00:30:36,160 --> 00:30:38,560
Speaker 1: that that is absolutely a step in the right direction.

654
00:30:39,080 --> 00:30:42,240
Speaker 1: Bit disappointed that we were talking about things like welfare

655
00:30:42,320 --> 00:30:45,840
Speaker 1: and there weren't any specific mentions of First Nations people

656
00:30:46,000 --> 00:30:49,920
Speaker 1: who we know are under even more significant financial pressures,

657
00:30:50,240 --> 00:30:53,600
Speaker 1: especially living regionally most of the time, So I would

658
00:30:53,600 --> 00:30:56,280
Speaker 1: have liked to see that, but it just wasn't there.

659
00:30:56,600 --> 00:31:02,560
Speaker 2: Let's talk now about women Vee. You mentioned earlier the endometrios's.

660
00:31:01,560 --> 00:31:02,960
Speaker 1: Package in healthcare.

661
00:31:03,080 --> 00:31:06,000
Speaker 2: Yeah, paid parental leave, that's amazing. Is there anything else

662
00:31:06,040 --> 00:31:07,200
Speaker 2: that we really get out.

663
00:31:07,040 --> 00:31:07,640
Speaker 1: Of this budget?

664
00:31:07,720 --> 00:31:07,920
Speaker 2: Yes.

665
00:31:08,000 --> 00:31:11,680
Speaker 1: Specifically, there has been a total of one point three

666
00:31:11,840 --> 00:31:15,680
Speaker 1: billion dollars over six years, not as sexy, but over

667
00:31:15,760 --> 00:31:18,920
Speaker 1: six years allocated towards a range of programs to reduce

668
00:31:18,960 --> 00:31:22,440
Speaker 1: violence against women and children, which is obviously welcomed with

669
00:31:22,600 --> 00:31:25,400
Speaker 1: open arms. It is what they are calling the first

670
00:31:25,440 --> 00:31:28,719
Speaker 1: phase of the government's quote National Plan to end violence

671
00:31:28,760 --> 00:31:34,440
Speaker 1: against women and Children by twenty thirty two. Very very exciting. However,

672
00:31:34,680 --> 00:31:36,840
Speaker 1: I guess to put a little bit of a negative

673
00:31:36,880 --> 00:31:39,880
Speaker 1: spin on that the current national plan that was established

674
00:31:39,880 --> 00:31:43,120
Speaker 1: in twenty ten hasn't actually fulfilled on any of the

675
00:31:43,160 --> 00:31:46,520
Speaker 1: deliverables or most of the deliverables that it's set out.

676
00:31:47,120 --> 00:31:49,080
Speaker 1: So I think that's really important to point out because

677
00:31:49,120 --> 00:31:52,680
Speaker 1: that's a lot of money being allocated to something really important.

678
00:31:53,120 --> 00:31:57,120
Speaker 1: Why can't we make that work? Yeah, so important to

679
00:31:57,200 --> 00:32:00,000
Speaker 1: break that down though. That funding is going to include

680
00:32:00,240 --> 00:32:04,080
Speaker 1: one hundred and four million dollars for national prevention organization

681
00:32:04,280 --> 00:32:07,480
Speaker 1: our Watch, one hundred and twenty eight million dollars for

682
00:32:07,600 --> 00:32:12,720
Speaker 1: national counseling services for victim survivors, forty eight million dollars

683
00:32:12,760 --> 00:32:15,680
Speaker 1: for an early intervention campaign aimed at boys and young

684
00:32:15,720 --> 00:32:18,840
Speaker 1: men love to see It, two hundred and forty million

685
00:32:18,840 --> 00:32:22,000
Speaker 1: dollars to extend an Escaping Violence Payment, which I think

686
00:32:22,120 --> 00:32:24,840
Speaker 1: is really really powerful, which is actually going to mean

687
00:32:24,840 --> 00:32:26,760
Speaker 1: that women who are in a situation where they are

688
00:32:26,880 --> 00:32:29,920
Speaker 1: forced to leave an abusive relationship can access up to

689
00:32:30,040 --> 00:32:33,520
Speaker 1: five grand to help them out of that situation. There's

690
00:32:33,520 --> 00:32:37,240
Speaker 1: one hundred million dollars being extended to the Safe Places program,

691
00:32:37,400 --> 00:32:41,880
Speaker 1: which provides emergency accommodation for those experiencing family or domestic violence,

692
00:32:42,160 --> 00:32:45,120
Speaker 1: and one hundred and fifty one million dollars on recovery

693
00:32:45,160 --> 00:32:49,160
Speaker 1: services for victim survivors. Which is very very important. The

694
00:32:49,240 --> 00:32:52,600
Speaker 1: other thing guys really excited this year and the budget

695
00:32:52,600 --> 00:32:56,480
Speaker 1: they talked about consent, so very separately to the National Plan.

696
00:32:56,640 --> 00:32:58,880
Speaker 1: The government is actually going to be spending a total

697
00:32:58,880 --> 00:33:02,280
Speaker 1: of thirty two million dollars on a consent campaign that

698
00:33:02,360 --> 00:33:05,080
Speaker 1: is going to be aimed at youth aged twelve years

699
00:33:05,160 --> 00:33:09,040
Speaker 1: and older and their parents. And this wasn't actually news

700
00:33:09,120 --> 00:33:11,640
Speaker 1: to us on budget night. We knew that this had

701
00:33:11,680 --> 00:33:15,160
Speaker 1: actually been announced a little bit earlier. But five million

702
00:33:15,200 --> 00:33:17,840
Speaker 1: dollars is also going to be spent to conduct a

703
00:33:17,960 --> 00:33:21,080
Speaker 1: national survey of high school students so we can fully

704
00:33:21,080 --> 00:33:24,000
Speaker 1: comprehend what their understanding of consent is. So I think

705
00:33:24,000 --> 00:33:26,240
Speaker 1: that's a really good step in the right direction and

706
00:33:26,320 --> 00:33:28,760
Speaker 1: some data collection that hasn't been done before that I

707
00:33:28,800 --> 00:33:31,440
Speaker 1: think will be really powerful over the next few years.

708
00:33:31,640 --> 00:33:34,800
Speaker 2: I wonder how much that was influenced by Chantel Contos.

709
00:33:34,880 --> 00:33:36,160
Speaker 2: Is that how you pronounce her surname?

710
00:33:36,240 --> 00:33:38,719
Speaker 1: I think so that's how I would have pronounced her surname.

711
00:33:39,320 --> 00:33:42,280
Speaker 2: There's just so many women did such incredible work, and

712
00:33:42,320 --> 00:33:44,800
Speaker 2: they have been doing for the last two years.

713
00:33:44,880 --> 00:33:47,000
Speaker 1: So for those who might not know who Chantell is

714
00:33:47,080 --> 00:33:49,560
Speaker 1: or what her impact has been, George, who is she

715
00:33:49,760 --> 00:33:50,520
Speaker 1: quick Rundown?

716
00:33:50,720 --> 00:33:53,280
Speaker 2: So forgive me if I get this a little bit wrong,

717
00:33:53,400 --> 00:33:56,960
Speaker 2: but she essentially started this kind of movement in I

718
00:33:57,000 --> 00:34:02,120
Speaker 2: think it was Sydney's like Golden Suburb and she basically said,

719
00:34:02,760 --> 00:34:06,200
Speaker 2: I've been a victim of sexual assault. How many of

720
00:34:06,240 --> 00:34:08,840
Speaker 2: you have had the same thing happened to you? And

721
00:34:08,880 --> 00:34:12,720
Speaker 2: it was targeted at private school boys, I believe. Anyway,

722
00:34:12,840 --> 00:34:16,759
Speaker 2: the response was incredible, so many women had experienced the

723
00:34:16,840 --> 00:34:19,560
Speaker 2: same thing, and from that it just kind of grew

724
00:34:19,680 --> 00:34:24,480
Speaker 2: into this huge national Yeah movement exactly right, and not

725
00:34:24,560 --> 00:34:27,200
Speaker 2: unlike the Me Too campaign, I guess a little bit,

726
00:34:27,400 --> 00:34:29,839
Speaker 2: but on a more local level. And she's yeah, she's

727
00:34:29,880 --> 00:34:31,000
Speaker 2: done incredible work. Yeah.

728
00:34:31,040 --> 00:34:32,960
Speaker 1: No, I think it's really important to talk about that

729
00:34:33,080 --> 00:34:35,360
Speaker 1: kind of stuff as well, because as much as the

730
00:34:35,480 --> 00:34:39,360
Speaker 1: budget is kind of dry and kind of boring, understanding

731
00:34:39,400 --> 00:34:42,440
Speaker 1: it means you're going to understand what our government's priorities

732
00:34:42,480 --> 00:34:44,880
Speaker 1: are over the next few years and what it means

733
00:34:44,920 --> 00:34:46,880
Speaker 1: for you and how it's going to impact you. And

734
00:34:46,880 --> 00:34:48,400
Speaker 1: at the end of the day, this is not a

735
00:34:48,440 --> 00:34:52,759
Speaker 1: political podcast by any stretch of the imagination, but understanding

736
00:34:52,800 --> 00:34:57,000
Speaker 1: how different governments allocate or are proposing to allocate funding

737
00:34:57,400 --> 00:34:59,360
Speaker 1: is going to tell you a lot about their values

738
00:34:59,520 --> 00:35:01,879
Speaker 1: and what they stand for, because they can say one

739
00:35:01,880 --> 00:35:03,759
Speaker 1: thing and say, oh, my gosh, we're really going to

740
00:35:03,760 --> 00:35:06,600
Speaker 1: stand behind women and violence. But then if they've allocated

741
00:35:06,640 --> 00:35:09,279
Speaker 1: nothing in their proposed budget, you kind of go, Okay, well,

742
00:35:09,320 --> 00:35:11,760
Speaker 1: you weren't serious about that, were you. So it's about

743
00:35:11,800 --> 00:35:14,520
Speaker 1: making sure that their words are kind of aligning with

744
00:35:14,600 --> 00:35:17,880
Speaker 1: their actions, which I think is very deep. But you know,

745
00:35:18,160 --> 00:35:20,880
Speaker 1: move away from politics. I think for a second, I

746
00:35:20,920 --> 00:35:24,759
Speaker 1: think it's interesting to really understand how our budget and

747
00:35:24,760 --> 00:35:27,920
Speaker 1: how our taxpayer dollars are distributed, and whether you're happy

748
00:35:27,960 --> 00:35:29,719
Speaker 1: with that or not, because at the end of the day,

749
00:35:29,840 --> 00:35:31,839
Speaker 1: like we do get a say in this, not a

750
00:35:31,840 --> 00:35:34,160
Speaker 1: super deep say, but we do get a say in this,

751
00:35:34,239 --> 00:35:37,360
Speaker 1: and that's how it all falls out. But of course, guys,

752
00:35:37,440 --> 00:35:41,719
Speaker 1: it's also really important to remember that these are promises.

753
00:35:41,840 --> 00:35:44,279
Speaker 1: They are not set in stone. So it'll be really

754
00:35:44,320 --> 00:35:46,520
Speaker 1: interesting to see if they do get elected, if they're

755
00:35:46,520 --> 00:35:48,360
Speaker 1: actually going to put their money where their mouth is,

756
00:35:48,440 --> 00:35:50,400
Speaker 1: or if maybe they were running their mouths a little

757
00:35:50,400 --> 00:35:52,680
Speaker 1: bit to get into a position of power. So I

758
00:35:52,719 --> 00:35:55,600
Speaker 1: think let's look at historicals and make sure that if

759
00:35:55,640 --> 00:35:57,879
Speaker 1: someone is saying they will do something, have they been

760
00:35:57,960 --> 00:35:59,800
Speaker 1: known to do that before? Like do they walk the

761
00:35:59,800 --> 00:36:01,600
Speaker 1: world when they talk the talk? I don't know.

762
00:36:01,880 --> 00:36:04,920
Speaker 2: Forgive me if this is a potato question, ladies, But

763
00:36:05,040 --> 00:36:10,840
Speaker 2: if Scott Morrison Schomo is voted out and Albanesi al

764
00:36:11,280 --> 00:36:14,640
Speaker 2: Elbow gets in voted in yep, then what happens to

765
00:36:14,800 --> 00:36:15,400
Speaker 2: this budget?

766
00:36:15,440 --> 00:36:18,480
Speaker 1: Is it different way? A different doesn't get thrown away

767
00:36:18,520 --> 00:36:20,759
Speaker 1: per se. I'm sure that they will be like, oh cool,

768
00:36:20,760 --> 00:36:22,920
Speaker 1: We'll just take notes, like I'm not going to let

769
00:36:22,960 --> 00:36:25,120
Speaker 1: you do an entire assignment and leave it on the table.

770
00:36:25,160 --> 00:36:28,080
Speaker 1: I'm gonna maybe try and copy you, borrow a few bits,

771
00:36:28,280 --> 00:36:30,400
Speaker 1: make me make sure it doesn't look too play drives,

772
00:36:30,600 --> 00:36:33,760
Speaker 1: reform it, make it look like it was my idea.

773
00:36:33,160 --> 00:36:36,719
Speaker 1: They change the font, put an explanation mark at the

774
00:36:36,840 --> 00:36:40,280
Speaker 1: end of a few sentences. Brilliant original. But the federal

775
00:36:40,320 --> 00:36:42,560
Speaker 1: budget that just came out was the current budget for

776
00:36:42,600 --> 00:36:45,440
Speaker 1: the current government, and the opposition will actually give a

777
00:36:45,480 --> 00:36:47,960
Speaker 1: budget based on what they think the money should be

778
00:36:47,960 --> 00:36:51,160
Speaker 1: allocated towards very soon, so it'll be interesting to see

779
00:36:51,160 --> 00:36:54,280
Speaker 1: the dimensions of how things change and what that actually

780
00:36:54,320 --> 00:36:57,319
Speaker 1: looks like. And what our friend Alba is actually going

781
00:36:57,360 --> 00:36:59,000
Speaker 1: to do, so you can have a look at that

782
00:36:59,120 --> 00:37:01,960
Speaker 1: and go how is he allocating funds? What does this

783
00:37:02,080 --> 00:37:04,360
Speaker 1: look like? So that I can make the right decision

784
00:37:04,440 --> 00:37:06,320
Speaker 1: for me in line with my values.

785
00:37:07,520 --> 00:37:10,680
Speaker 2: It's handy for the opposition because they can read the feedback,

786
00:37:10,760 --> 00:37:13,440
Speaker 2: read the room, and make adjustments as they say.

787
00:37:13,280 --> 00:37:17,120
Speaker 1: Fit cut paste. It's not plagiarism. I hope that has

788
00:37:17,120 --> 00:37:19,279
Speaker 1: given you a little bit of insight as to what

789
00:37:19,320 --> 00:37:21,799
Speaker 1: the budget actually means, how it works, and what this

790
00:37:22,040 --> 00:37:26,760
Speaker 1: year's budget has delivered us or potentially proposed. But as always,

791
00:37:26,760 --> 00:37:29,399
Speaker 1: if you guys have any questions, jump into our Facebook group,

792
00:37:29,440 --> 00:37:31,960
Speaker 1: slide into our dms and have a conversation with us.

793
00:37:32,120 --> 00:37:34,080
Speaker 1: But as always, that is all we have time for.

794
00:37:34,360 --> 00:37:36,880
Speaker 1: So Gee, would you please let everybody know that I

795
00:37:36,880 --> 00:37:39,120
Speaker 1: am quite literally a licensed to financial advice.

796
00:37:39,200 --> 00:37:42,280
Speaker 2: Absolutely would be a pleasure. Remember guys, that the advice

797
00:37:42,320 --> 00:37:44,960
Speaker 2: shared on She's on the Money is general in nature

798
00:37:45,040 --> 00:37:48,600
Speaker 2: and does not consider your individual circumstances. She's on the

799
00:37:48,640 --> 00:37:51,920
Speaker 2: Money exists purely for educational purposes and should not be

800
00:37:51,960 --> 00:37:54,960
Speaker 2: relied upon to make an investment or a financial decision.

801
00:37:55,480 --> 00:37:59,560
Speaker 2: Victoria Divine is an authorized representative of in Focused Securities Australia.

802
00:38:00,120 --> 00:38:02,640
Speaker 2: She Limited a b N four seven zero nine seven

803
00:38:02,719 --> 00:38:05,439
Speaker 2: seven nine seven zero four nine AFO sala two three

804
00:38:05,480 --> 00:38:06,840
Speaker 2: six five two three Oh.

805
00:38:06,760 --> 00:38:10,799
Speaker 1: She's getting speedy. Happy Friday, guys. We will see you

806
00:38:10,800 --> 00:38:11,279
Speaker 1: next week.

807
00:38:11,360 --> 00:38:11,920
Speaker 3: Bye guys,