/ 13 March 2023

It’s the final countdown to the NSW election

Image source: AAP
Image source: AAP

It’s less than 2 weeks until the NSW election, and Premier Dominic Perrottet’s upped the ante with a campaign promise to bolster the finances of the state’s youngest residents. Yesterday, he said if his Coalition Government is reelected, it will create a “future fund”, paying $400 a year into new accounts for each child aged 10yo and under in 2023. Parents could contribute extra, meaning balances could reach up to $49,000 per child on maturity. Perrottet says the $850 million policy would boost kids’ savings for their future education costs and home deposits – the only 2 things they’d be allowed to make withdrawals for from the age of 18yo. For its part, Labor had rising power costs at the front of its mind yesterday, sharing a plan to ease the burden on households and small businesses. It says its $485 million Energy Relief Fund would give those eligible rebates on their rising energy bills. As they turn into the final straight, the Coalition is behind in the polls, and because it’s currently operating without a parliamentary majority, it ideally needs to win seats.

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