Increases the $14,000 income tax threshold to $22,000, and the $48,000 tax threshold to $52,000.
Discontinues the Independent Earner Tax Credit.
Increases the Family Tax Credit rates for young children to the level of those for children aged 16 to 18, while increasing the abatement rate and decreasing the abatement threshold.
Increases the Accommodation Supplement maximum amounts, and updates the Accommodation Supplement areas to reflect 2016 rents.
Increases the weekly payments of the Accommodation Benefit for eligible Student Allowance recipients by up to $20.