The 2014-15 Australian Federal Budget contains many measures that could be characterised as austerian.

As an example, the Budget proposes significant changes to the Old Age Pension as the age of pension eligibility is gradually raised from 67 to 70 over three years. Similarly, there are proposals to stop indexation of income support payments, meaning that the real value of these benefits will decrease over time. Certain supplements are also being removed altogether, and there is talk of moving young unemployed people from NewStart to the much lower-paying Youth Allowance (designed as a study allowance). These spending cuts are indicative of austerity policy.

Read more information about the St Vincent de Paul Society's response to the 2014 Budget.