- Super funds - From July 1, 2019, ban on exit fees on all super accounts and a 3 per cent annual cap on passive fees on super accounts with balances below $6000. The Australian Taxation Office will also proactively find people's lost super and have it sent to their active superannuation account, which means potential loss of ongoing fees.
- Life insurers - From July 1, 2019, insurance linked to superannuation will move from an opt-out model to an opt-in model for members with balances of less than $6000, members under the age of 25 and members who have not received a contribution in the past 13 months.
- New migrants - From July 1, 2018, new migrants will have to wait four years instead of three before they can access certain welfare benefits. It is estimated new migrants will miss out on more than $200 million worth of welfare benefits for five years until 2021-22, as a result of this measure.
- Tax dodgers - A new $10,000 limit for cash payments for goods and services from July 1, 2019. The government also aims to raise $3 billion over the next four years by funding new mobile strike teams, increasing audit presence to crack down on tax avoidance and money laundering.The government also aims to raise $1.9 billion by better combating the black economy. It will also crack down on illegitimate use of research and development (R&D) tax incentives, raising $2.4 billion over the next four years.
- Renewable energy - Emissions reduction target will remain at 26 to 28 per cent, not 45 per cent demanded by Labor. The current subsidy scheme for renewable energy will be phased out from 2020.
- Chop chop smokers and smugglers - Smokers may have to pay more for legal tobacco, after the government announced it will crack down on illicit tobacco smuggling to raise additional $3.6 billion over the next four years.
- Big pharma - The government will encourage use of generic and biosimilar medicines, to raise $336 million over five years from 2017-18.
- Centrelink fraudsters - The government will save nearly $300 million by 2019-20 by amping up its Centrelink fraud detection and debt recovery activities.
- Online hotel booking sites - Online aggregators such as Wotif, Expedia and Booking.com will be worse off as offshore sellers of hotel accommodation in Australia will have to pay GST to hotel accommodation sales made from July 1, 2019. This is estimated to raise $15 million over four years.
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