This proposal would make the following changes to Australia's social welfare system: 

• Abolish Abstudy, the Pensioner Education Supplement, the Assistance for Isolated Children Scheme and Youth Allowance and Austudy for post-school study. 
• Abolish Family Tax Benefit (FTB) Part B. Reduce FTB Part A rates for children aged 13 and over to the rates for children aged less than 13. Abolish newborn, energy and multiple birth supplements included in FTB Part A. 
• Abolish government funded Paid Parental Leave and child care payments. 
• Lift the Age Pension eligibility age by three months every four months from 1 July 2023. 
• Provide an option for Age Pension recipients to receive a lump sum equal to the present value of actuarially-determined future Age Pension entitlements. Eligibility for the lump sum would be subject to the recipient permanently relocating to another country. A recipient who later returns to Australia would not be eligible for an age pension. The lump sum amount would be based on expectations of the recipient's life expectancy and other income likely to be received and would be calculated using the standard variable owner-occupied bank home loan rate published by the Reserve Bank. 
• Freeze indexation of unemployment payments for the duration of each recipient's period of unemployment. 
• Make non-citizens ineligible for welfare payments except where a reciprocal social security agreement is in place with the non-citizen's home country. 
• For all welfare payments:
  • Include all currently exempted income and assets (including the home and superannuation) in the income and assets tests for each payment.
  • Increase the home-owner asset test threshold to be equal to the non-homeowner threshold.
  • Remove all income test free areas and calculate new payment taper rates that would start from zero income and reduce the payment amount to zero at the same income level as under current arrangements.
    For FTB Part A this new taper rate would be set at 14 per cent.
  • Apply the income test for benefits to all payments not currently subject to an income test.
  • Apply the asset test for benefits to all payments not currently subject to an assets test.
  • Abolish higher payments and asset test thresholds for singles compared to couples and higher rent assistance for singles living alone compared to singles living in share accommodation.
• Limit the indexation of all payments to growth in the consumer price index (CPI).
• Abolish all supplements added to a payment basic rate
  (except Rent Assistance).

this proposal would have effect from 1 July 2017.