The Morrison Government’s Budget is securing the Hunter’s recovery through protecting jobs today and making it easier for locals to get a job or for local businesses to hire someone tomorrow.
Minister for Employment, Workforce, Skills, Small and Family Business, Stuart Robert, joined Hunter locals to tour businesses and sit down with workers and apprentices to talk about how the Federal Budget will continue driving jobs across the region.
The Federal Budget guarantees around 121,200 taxpayers in the Hunter Region and economic centres such as Maitland, Thornton, Beresfield and Raymond Terrace will benefit from tax relief of up to $2,745 this year. The Morrison Government’s Tax Plan has already benefited 135,600 residents across the two nearby Federal electorates of Hunter and Paterson – getting more of taxpayers’ own money out of government hands in Canberra and back into the local community.
The Morrison Government is expanding its $1 billion JobTrainer Fund, to continue the delivery of low fee or free training places in areas of skills need. JobTrainer is helping ensure Australians can access critical skills and is supporting more than 450,000 new places to upskill job seekers and young people across the country. To date the Government has supported over 114,600 people reskill through JobTrainer-funded courses, with women making up 56 per cent of enrolments.
The Federal Budget is also extending the highly successful Boosting Apprenticeship Commencements wage subsidy for a further six months to support new apprentices and trainees who commence by 31 March 2022. The $2.7 billion investment is supporting the employment of newly commencing apprentices and trainees, assisting school leavers and job seekers during the peak hiring period for key industries. With an existing cohort of 5,015 apprentices across the Hunter, the new measures will lead to more opportunities for apprentices and trainees with expanded wage subsidies.
The Morrison Government is also backing in small businesses across the Hunter through continuing tax incentives that will allow around 27,200 businesses in the federal electorates of Hunter and Paterson to write off the full value of any eligible asset they purchase.
Additionally, around 9,600 businesses across the federal electorates of Hunter and Paterson will be able to use the extended loss carry back measure to support cash flow and confidence, which has already helped businesses invest more in the local economy and to create local jobs. The tax-free Cashflow boost has helped around 8,600 small and medium businesses providing $381 million in payments to help businesses in Hunter and Paterson to stay afloat.
Minister for Employment, Workforce, Skills, Small and Family Business Stuart Robert said the Morrison Government would always back jobs for Australians across the Hunter Valley.
‘We recognise that it was regions like the Hunter that keep Australia going through the Covid Recession. While city centres were smashed and shuttered; mining, manufacturing and agriculture across Newcastle and the Hunter kept firing. Australia’s strong economic comeback owes a great debt to the people of the Hunter and the Morrison Government will never take them for granted,’ Minister Robert said.
‘The Federal Budget is all about delivering jobs for the Hunter and securing its future workforce to accelerate its economy and grow its businesses,’ he said.
Senator for New South Wales Hollie Hughes said the Hunter is continuing to be a leading light in the Covid recovery and it was exciting to see the local economy booming and even more investment throughout the region.
‘By ensuring there are job opportunities and apprenticeships, locals across the Hunter don’t have to look elsewhere for opportunities and can build their lives right here in one of the most amazing parts of New South Wales,’ Senator Hughes said.
‘Whether it’s building local homes supported by HomeBuilder or the $66m announcement by the Prime Minister last week investing in the upgrade of Newcastle Airport’s runway, under the Morrison Government the jobs in the Hunter are going to keep coming.’