Day 5

TAX
Labor responded to the Coalition's $34 billion tax cut package announcing it would provide $31 billion in tax cuts and introduce a 50% Education Tax Refund for working families supporting their children’s education. Peter Costello attacked Labor's tax plan saying Labor had simply copied 91.5% of the Government's policy.

WATER SAFETY
The Coalition released a water safety policy including an increase of more than $17.5 million in funding for water safety programmes, as well as the creation of a $10 million Beach Safety Service Development Fund to target drowning black-spots.

POLLING
Morgan released two polls - one face-to-face and the other a telephone poll both showing Labor with a comfortable lead. Sportsbet Australia shortened the odds of the Coalition winning the election from $2.65 to $2.35.