Economic Recovery Plan Delivers for Western Sydney
The Morrison Government will create jobs, lower taxes and guarantee essential services and infrastructure, steering Australia through the COVID-19 crisis.
Under the 2020-21 Budget, more than 11 million Australians will receive a tax cut backdated to July 1 this year.
Liberal Senator for Western Sydney, Senator the Hon Marise Payne, said the government's Economic Recovery Plan will help rebuild the Australian economy.
"These are challenging times, so we are delivering tax relief to help ease cost of living pressures, drive economic activity and all importantly, create jobs," Senator Payne said.
The Budget contains critical measures to support the thousands of local businesses that call Western Sydney home.
The Morrison Government will expand the Instant Asset Write-Off, allowing 99 per cent of businesses to deduct the full cost of depreciable assets in the year they are installed, and allowing companies with a turnover of up to $5 billion to offset losses against previous profits on which tax has been paid.
"A local cafe owner who might have been holding back on purchasing a new fridge, for example, is now in a much better position to make that choice. In turn, it's our small businesses who buy, sell, deliver, install, and service these purchases," Senator Payne said.
"That initial investment to write-off assets will ripple out, creating jobs and boosting economic activity.”
Senator Payne said the government was supporting young people to get back into work through the new JobMaker Hiring Credit.
The $4 billion JobMaker Hiring Credit will be payable for up to twelve months and immediately available to employers who hire those on JobSeeker aged 16-35. It will be paid at the rate of $200 per week for those aged under 30, and $100 per week for those aged between 30-35.
"The new JobMaker Hiring Credit will encourage businesses to hire younger Australians, helping young people to find and get back into work," Senator Payne said.
The Morrison Government is also delivering record infrastructure investment across Western Sydney, including:
- Blue Mountains City Council will receive over $2.6 million under an extension of the Local Roads and Community Infrastructure Program;
- $425,000 for safety improvements at Scott Avenue between Gladstone Road and Great Western Highway at Leura under the Black Spot Program;
- Katoomba Civic Centre will be revitalised with a funding injection of $750,000 under the Building Better Regions Fund, while over $1.4 million has been allocated in 2020-21 for visitor infrastructure in Blackheath; and
- Over $1 million will be spent in 2020-21 to continue ongoing works to revamp tourism infrastructure in Katoomba, Echo Point.
- Parramatta City Council will receive over $7.6 million and Cumberland City Council will receive over $7 million under an extension of the Local Roads and Community Infrastructure Program;
- $3.5 million to local councils under the Roads to Recovery Program;
- Cumberland City Council will receive $500,000 for the Stage 1 upgrade of Granville Swimming Centre; and
- Upgrading the intersection of Woodville Road and Parramatta Road under the Pinch Point Program.
- Under the Infrastructure Investment Program:
- Over $8.9 million in 2020-21 for the upgrade of Appin Road;
- Over $234 million in 2020-21 for The Northern Road upgrade;
- Over $3.7 million in 2020-21 for the Raby Precinct intersections upgrade;
- Over $3.7 million in 2020-21 for the Badgally Road project, which is set to be complete this year;
- $25 million for the widening and upgrade of Bringelly Road, which is set to be complete this year.
- Campbelltown City Council will receive over $6.3 million under an extension of the Local Roads and Community Infrastructure Program;
- $3 million for the commuter car park upgrade at Campbelltown Station;
- Funding for the commuter car park at Macarthur Station; and
- $4.3 million in 2020-21 for the ongoing upgrade of the Campbelltown Centre of Health and Sport Excellence.
- Hawkesbury City Council will receive over $2.4 million under an extension of the Local Roads and Community Infrastructure Program;
- Over $1.7 million across five road projects in South Windsor and North Richmond under the Black Spot Program; and
- $5 million in financial year 2020-21 for planning out the Hawkesbury River Third Crossing under the Infrastructure Investment Program.
“Funding will be released for the Hawkesbury River Third Crossing as the project progresses,” Senator Payne said.
“It’s important the planning process runs its course in a mature way because the Hawkesbury deserves a thorough and considered process.
"We are delivering over $18.6 million for safer roads and improved community infrastructure in Parramatta which means jobs, jobs jobs.
"Having worked in Parramatta for over two decades as the Liberal Senator for Western Sydney, the growth Parramatta is currently experience is remarkable.
“As more jobs flow into the region, we’re making a number of investments at a grassroots level, like the upgrade to the iconic Granville Swimming Centre, because that’s what residents expect and deserve.
"Our targeted investments will help enhance the Blue Mountains as a tourism destination, supporting the flow of tourism that is so vital to the local economy while also ensuring that residents can enjoy high quality facilities and public spaces.
“Macarthur locals are benefiting from this wave of investment, which is supporting jobs and linking the region to the opportunities connected to the Western Sydney Airport and the Western Sydney City Deal.”
14 October 2020