Consider the Terms and Conditions. Issued by ING Bank (Australia) Limited.
Students
The government plans to decrease its contribution toward course fees from 2016 and on — and graduates will now pay interest rates on HELP loans.
Mums
The new Paid Parental Leave Scheme, which will kick in July 1, 2015, will pay new mothers up to $50,000.
Drivers
You heard it here first: don't drive. Petrol prices are going to go up by $2.2 billion by 2017/18.
The Environment
The Australian Renewable Energy Agency is being axed, so say goodbye to most windmills.
Medical Research
The government plans to make it rain with a $20 billion Medical Research Future Fund, which should help to position Australia as a global force in medical research.
Young Job Seekers
Want the dole? You better work. Young people under 30 years of age may have to wait up to six months and then work 25 hours per week on government-sponsored programs in order to receive the dole. [Edited for clarity].
Actually, All the Unemployed.
This one's complicated, but it appears that job seekers who are offered work and refuse it "without any good reason" will lose their payment for eight weeks.
Construction Firms
Construction firms will benefit from $11 billion in infrastructure spending!
Animals
The Animal Welfare Strategy will be ditched, saving a meagre $1.1 million. Sorry, furry friends.
Sick People
As of July 1, 2015, you'll have to pay a $7 fee to visit your GP, and $5 for every script. Best course of action? Don't get sick.
Defence
The government is bringing forward $1.5 billion in spending from 2017-18 to earlier years, meaning defence spending will rise to two percent of GDP within a decade. That's a whole lot of fighter jets.
Science
CSIRO, the science agency which invented Aeroguard and the very Wi-Fi that you're probably using to read this post, will lose $111 million. This comes after the Ministry of Science was abolished.
Human Rights
The 2014 budget ends funding for human rights education, saving $3.5 million.
Westies
All those from Western Sydney should celebrate: There'll be $14.9 billion in infrastructure changes for Western Sydney, meaning maybe you'll get out of first gear on Parramatta Rd some day.
ABC and SBS
It seems all those "Save Our ABC" attempts didn't help. The Australia Network has been abandoned, with cuts of $43.5 million to the ABC and SBS.
Elderly People
By 2035, the pension age will have increased to 70.
And the PM Himself
The government will spend an unspecified amount refurbishing The Lodge in Canberra — Prime Minister Abbott's official residence — which is important, because you can't take care of a country if you've got bad curtains.
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All facts sourced from ABC, news.com.au, SMH.com.au and theguardian.com.
The information in this post does not constitute financial advice. Information is current as at 14 May 2014 and is subject to change. The information is factual only and the examples and scenarios given are for illustrative purposes only. Before acting on this information you should seek independent legal, financial and taxation advice to determine its appropriateness to your objectives, financial situation and needs.