Families set to pocket more than $60 a week from stage-three tax cuts

Jim Chalmers and Anthony Albanese. The treasurer says Labor’s cost-of-living relief will ramp up in eight days’ time with tax cuts and energy rebates. Photograph: Dave Hunt/AAP

Australian families are set to pocket more than $60 a week when the government’s tax cuts kick in from July, according to new analysis from Treasury.

The federal budget’s cost-of-living measures will come into effect on 1 July, including the tax cuts and energy relief for all households and 1m small businesses.