Agoods and services tax (GST) of 10 per cent.
GST proceeds to states and territories. Premiers and Chief Ministers must all agree if rate is to change.
Health, education, childcare, hospitals and nursing homes, council rates, water and sewerage charges to be exempt.
Income-tax cuts. 80% of taxpayers to have marginal rate of less than 30%. Top rate of 47% starts at $75,000.
Abolition of wholesale sales tax and nine state taxes, as well as provisional tax.
$7,000 cash for first home buyers to offset GST.
Couples with one child allowed to combine their tax-free threshold if one parent stays home, with an additional $1,000 for each extra child.
Aged pensions to rise by up to four per cent, with increase in tax rebates and new savings bonuses for retirees.
30% rebate on private health insurance.
Childcare assistance to be increased by up to $7.50 a week.
Crackdown on the black economy to yield $3 billion over three years. Clampdown on trusts.
Petrol and diesel prices cut.
Small business to pay all taxes once a quarter on one form.