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Australian Treasurer Frydenberg: Tax cuts to come into effect in December

The tax cuts announced in Australia’s annual budget will not come into effect until December this year, said the Treasurer Josh Frydenberg in a press briefing in Canberra on Wednesday.

Key quotes

 “The stimulus would not be seen in the incomes of Australians until December.”

“The advice to us … is that people will receive the money at the end of the year,”

more to come …

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