The Abbott Government handed down its first Budget with a number of proposed changes to superannuation, taxation and social security. Measures include the introduction of a Temporary Budget Repair Levy for high-income earners, relief from superannuation excess non-concessional contributions tax, an increase to the Age Pension age and the reduction of a number of social security and family tax benefits.  The announcements need to successfully pass through both houses of Parliament before becoming law and therefore may be subject to change going through this process.