Exactly a year ago this Saturday, the Prime Minister and I announced a controversial but important decision to provide every Australian taxpayer a tax cut to help with the cost of living.  

One year on and I can say without hesitation that it’s the policy I’m proudest of as Treasurer.

Every taxpayer is better off as a result of the decision we took 12 months ago, not just some, and those benefits will be even bigger from July this year. 

New numbers just released show there will be even more money on average in the pockets of every taxpayer next financial year.