Infrastructure Investment Laying The Foundations For Australia’s Economic Recovery

The Morrison-McCormack Government will continue supporting job-creating, economy-boosting infrastructure, as part of our Economic Recovery Plan for Australia, rebuilding our economy to secure Australia’s future.
The Government’s record $110 billion transport infrastructure program and $3.5 billion rolling water infrastructure fund will support local jobs and businesses at the time it is needed most.
These investments will deliver on our economic plan for a stronger and more resilient Australia, boosting the economy, providing water security for regional and rural Australia, meeting our national freight challenge and getting Australians home sooner and safer.
This includes new and additional funding in the 2020-21 Budget for projects and initiatives, supporting over 30,000 direct and indirect jobs over the life of the projects, to get Australia back to work and back in business following the pandemic.
Funding is being delivered to critical transport infrastructure projects in every state and territory, including:

  • an additional $490.6 million for the Coffs Harbour Bypass in New South Wales;
  • $528 million for upgrades to the Shepparton and Warrnambool rail lines in Victoria;
  • $750 million for Stage 1 of the Coomera Connector in Queensland;
  • an additional $80.0 million for the Wheatbelt Secondary Freight Network in Western Australia;
  • $136 million to progress the Main South Road Duplication in South Australia;
  • $65 million for the Tasman Bridge Upgrade in Tasmania;
  • $46.6 million for National Network Highway Upgrades in the Northern Territory; and
  • $87.5 million for the Molonglo River Bridge in the Australian Capital Territory.

MAJOR INVESTMENTS
This Government is driving the delivery of major infrastructure projects as we map the economic road back from the pandemic, building the economy and providing certainty for business over the long term.
We remain committed to the ongoing delivery of a record, $110 billion 10 year infrastructure investment program. Our significant investment will support Australia’s recovery, with projects currently under construction expected to support over 100,000 direct and indirect jobs over the life of the projects, at a time we need it most.
This Budget provides the framework to deliver even greater benefits from these nation-defining investments. We are building on our long-term commitment of $10 billion on the Bruce Highway in Queensland and we are also looking to the future with $20 million towards the Bruce Highway Upgrade Strategy to develop future investment priorities on this key Queensland corridor. We are continuing to ensure that our regional highways are efficient through a commitment of $560 million for the Singleton Bypass on the New England Highway in New South Wales, $100 million for access upgrades to the Strzelecki Track in South Australia, $16 million each for upgrades to the Goldfields Highway and the Broome-Cape Leveque Road in Western Australia and $120 million for upgrades to the Carpentaria Highway in the Northern Territory.
Our infrastructure pipeline isn’t just driving road investment, our commitment to substantial rail investment is full steam ahead, unlocking the economic potential of our regions.
We are investing in the transformational Melbourne to Brisbane Inland Rail project, delivering enhancements across the original program to connect regional Australia to cities and markets and establish a corridor-of-commerce for generations to come.
We are supporting regional Victoria by improving connections between people, jobs and services. We are investing a further $208 million in Stage 2 of the Warrnambool Rail Line Upgrade and $320 million towards Stage 3 of the Shepparton Rail Line Upgrade, improving the ride quality, reliability and resilience of the line for passenger and freight rail services. This builds on our existing $2.7 billion commitment to regional rail in Victoria and our $2 billion commitment to progress faster rail from Melbourne to Geelong.
In addition to building Sydney’s second international airport (Western Sydney Nancy Bird Walton International) and delivering the long-overdue Melbourne Airport Rail Link, we recently committed an additional $1.8 billion to build the Sydney Metro – Western Sydney Airport project. This commitment will ensure Western Sydney’s growing population and economy have a world class, fit-for-purpose integrated transport network with construction commencing later this year.
ROAD SAFETY PROGRAM
Road safety is everyone’s responsibility and all levels of Government have a key role to play in delivering safer roads and vehicles. The next National Road Safety Strategy 2021 – 2030 will be a once-in-a-decade opportunity to positively direct road safety outcomes.
Road crashes are estimated to cost the national economy around $30 billion a year but the even greater cost is the immeasurable suffering of families affected by road deaths.
This is why we have committed an additional $2 billion for road safety which will support upgrades including the installation of wire rope safety barriers that can reduce accidents caused by running off the road or swerving into the wrong lane and rumble strips to alert drivers and riders that they are moving out of their lane.
This additional investment builds on the $500 million we are already delivering for targeted road safety works.
To monitor and evaluate our progress in this area, the Morrison-McCormack Government is also investing $5.5 million to establish a National Road Safety Data Hub. The Data Hub will establish the first nationally available road safety data collection to assess the effectiveness of road safety efforts by all Australian governments as we move towards the nationally agreed target of zero fatalities and serious injuries by 2050.
LOCAL PRIORITIES, LOCAL JOBS AND LOCAL BUSINESS
The pandemic has hit Australia everywhere and every region needs support. Local councils understand the immediate needs in their communities. Our community-led recovery plan empowers local governments nation-wide to deliver roads and community infrastructure. This will build shovel-ready local priorities, supporting local jobs and local business.
The Government is focused on delivering priorities for local areas as part of Australia’s road to recovery. Our investments will draw on local businesses to stimulate local economies through an additional $1 billion for local governments for the Local Roads and Community Infrastructure Program. This builds on the initial $500 million announced in May 2020.
This investment, together with the new Road Safety Program will support around 10,000 jobs over the life of the projects.
BUILDING WATER INFRASTRUCTURE FOR THE 21ST CENTURY
The Government is building on its existing investment in water infrastructure projects with an additional $2 billion in funding for projects through the National Water Infrastructure Development Fund. This more than doubles the fund to a total of $3.5 billion. The additional funding will deliver increased water security, build resilience in our regions, deliver jobs and grow our critical agriculture sector.
The fund will become a 10 year rolling program of priority water infrastructure investments, demonstrating our commitment to supporting and investing in Australia’s regional economies over the long term. This will help increase water security in areas where extensive irrigated agriculture already exists, while also helping unlock new agricultural regions, especially in Australia’s north.
This long-term focus will help identify and build the dams, weirs, pipelines, water recycling plants and other projects that will deliver the National Water Grid – a series of region-specific systems that will help secure reliable supplies of water for rural and regional Australia now and into the future.
The Government will continue to work closely with state and territory government partners, informed by a strong scientific evidence base, to identify, plan and invest in water infrastructure projects across the country that will deliver the next generation of water infrastructure through the National Water Grid.
DRIVING RECOVERY IN OUR CITIES
The Government’s ongoing commitment to the delivery of City Deals in Townsville, Darwin, Western Sydney, Hobart, Launceston, Geelong and Adelaide will help drive recovery in our cities and make them better places to live.
The Government will provide $327.5 million to support projects under the new Perth City Deal that will focus on reactivating and revitalising the Perth CBD so that more people can live, work, learn and play in the city centre. The new deal will guarantee a collaborative approach and a shared vision with Federal, State and Local Governments working together. The Perth City Deal is expected to deliver almost 10,000 jobs over the next 10 years.
BACKING OUR REGIONS THROUGH CONTINUED INVESTMENT
The 2020–21 Budget continues to build a strong regional Australia and includes a number of measures that respond to the unique way regions have been affected by the events of 2020. This Budget ensures regions which are seeing strong population growth have the services and jobs they need, that regions in transition are supported to adapt to new circumstances and build resilience and investments for all communities to make sure they continue to be great places to work and live.
Funding will flow directly to support stronger, more resilient regions through the following initiatives:

  • An additional $200 million in grants to extend the successful Building Better Regions Fund (BBRF) for a fifth round, including:
    • $100 million available across regional Australia for community priorities;
    • $100 million dedicated for tourism-related infrastructure.
  • $100 million to fund Regional Recovery Partnerships, which will coordinate investments in ten regions with other levels of government to support recovery and growth
  • An additional $30.3 million for the Regional Connectivity Program to support telecommunications projects developed by local communities and providers to benefit regions.
  • $41.0 million for a Research and Development Program to continue the Government’s regional decentralisation agenda, by funding research and development activities that will benefit regional industries.
  • An additional $28.1 million to extend the Stronger Communities Programme, which provides grants of between $2,500 and $20,000 across the country to community organisations and local governments for small capital projects that deliver social benefits for local communities.
  • We will also invest $5.7 million in a new Building Strong, Resilient Regional Leaders initiative; $5 million for the Regional Australia Institute’s research program and promotion of regional living.

Greens call on Labor and Crossbench to oppose unfair, wasteful tax cuts

Greens Leader Adam Bandt says Labor and the crossbench must join the Greens in opposing tax cuts to the super-wealthy, warning that Scott Morrison’s COVID recovery budget looked set to supercharge inequality and create a ‘lost generation’ of young people.
Shadow Treasurer Jim Chalmers refused to rule out supporting a fast-tracking of Stages 2 & 3 of the government’s $286 billion tax cut package, which overwhelmingly benefits people on higher incomes. Mr Bandt said with economists discrediting the Government spin that Stage 2 was ‘kinder’ than Stage 3, both should be opposed.
“The Government is choosing to create a high unemployment future. We must stand up to this government. Labor can’t roll over and vote with the government again,” Mr Bandt said.
“Blocking this handout for the super-wealthy would be Labor’s first step in fixing the mistake of supporting these tax cuts in the first place.
“Tax cuts mean nothing for the million people out of work in Australia, and will strip away money that could be invested in public housing, high speed rail and free childcare.
“We’re risking a lost generation of young people if the government doesn’t invest in nation-building, planet-saving projects with a jobs guarantee.
“A government that always demonised debt is now borrowing money to give a tax cut to super-wealthy people like Clive Palmer.
“Instead of giving handouts to big corporations and millionaires, we should invest in a Green New Deal to get to full employment, tackle the climate crisis and reduce inequality.”

100,000 new apprenticeship positions to lead the COVID-19 economic recovery

The Morrison Government will invest an additional $1.2 billion to support Australian businesses to employ 100,000 new apprentices or trainees as part of our COVID-19 economic recovery plan.
Starting tomorrow, 5 October 2020, businesses who take on a new Australian apprentice will be eligible for a 50 per cent wage subsidy, regardless of geographic location, occupation, industry or business size.
Prime Minister Scott Morrison said apprenticeships are an important pathway to get young people into jobs and to ensure there is a skills pipeline to meet the future needs of employers.
“During this pandemic the Federal Government has been focused on supporting and creating jobs as well as identifying the skills we need in the economic rebuild,” the Prime Minister said.
“Already 760,000 jobs that were either lost or reduced to zero hours as the COVID crisis hit, have come back into our economy. We want to continue to recover what has been lost and get young people into work.
“Whether it’s the manufacturing, housing and construction, arts or mining sectors – this new wage subsidy gives businesses certainty to hire and provides a career path to aspiring, young tradies.”
The subsidy will be available to employers of any size or industry, Australia-wide who engage an Australian apprentice or trainee from 5 October 2020 until the 100,000 cap is reached.
Under the new measure, employers will be eligible for 50 per cent of the wages for a new or recommencing apprentice or trainee for the period up to 30 September 2021, up to $7,000 per quarter.
Minister for Employment, Skills, Small and Family Business, Senator the Hon Michaelia Cash said the measure builds on the existing $2.8 billion Supporting Apprentices and Trainees wage subsidy that is helping employers to retain their apprentices and trainees.
“The Australian Government has already invested significantly to ensure that apprentices are retained where possible and supported to re-engage if they lose their job,” Minister Cash said.
Assistant Minister for Vocational Education, Training and Apprenticeships, the Hon Steve Irons MP, said the new measures we are announcing today will build on the already significant investment to support apprentices and trainees.
“Through the existing Supporting Apprentices and Trainees measure, as many as 90,000 businesses employing around 180,000 apprentices throughout Australia will continue to be supported,” Assistant Minister Irons said.
More information on the measure is available at: https://www.employment.gov.au/boosting-apprenticeship-commencements

Budget to deliver better access to life changing medicines for liver cancer, eye conditions and Parkinson’s disease

Australians suffering from liver cancer, myopia and Parkinson’s disease will soon have new treatment options, with amended PBS listings on the Pharmaceutical Benefits Scheme (PBS) coming into effect.
In Tuesday’s Budget, the Morrison Government will provide significant investment for new medicines including over $230 million to expand the listing Tecentriq® and Avastin® (atezolizumab and bevacizumab) on the PBS for use in combination to treat patients with advanced unresectable hepatocellular carcinoma.
Unresectable hepatocellular carcinoma is the most common form of liver cancer, which often occurs in people with other chronic liver diseases. It also has one of the lowest survival rates of all cancer types.
From 1 November, more than 500 patients per year could benefit from PBS listing of this treatment, which would otherwise cost more than $170,000 per course.
Australia will be the first country in the world to have this combination treatment publically funded for this type of liver cancer.
This PBS listing has been implemented only two months after TGA registration, after it was assessed through the new TGA provisional approval pathway and considered for funding in parallel by the expert Pharmaceutical Benefits Advisory Committee (PBAC).
The PBAC recommended this treatment be funded because of its significant benefits for patients with liver cancer and the high clinical need for this targeted therapy.
As at 1 October, PBS listings are now helping Australians living with eye conditions and Parkinson’s disease:

  • Eylea® (aflibercept) will be expanding the listing for the treatment of subfoveal choroidal neovascularisation due to pathologic myopia. This condition is associated with unwanted growth of new blood cells in the eye that impact vision through a type of extremely acute near-sightedness. Without PBS subsidy, approximately 500 patients could benefit and would otherwise pay more than $5,000 per year of treatment
  • Apomine Solution for Infusion® and Apomine Intermittent® (apomorphine) for the treatment of Parkinson’s disease will be extended, to include access to maintenance treatment through community pharmacy in addition to hospitals. Without PBS subsidy, patients could pay more than $7,500 per script for this medication.

These listings were all recommended by the independent PBAC.
Since 2013, the Australian Government has approved more than 2,450 new or amended listings on the PBS. This represents an average of around 30 listings or amendments per month – or one each day – at an overall investment by the Government of $11.8 billion.
Also from 1 October, treatments for high cholesterol and almost 20 other widely used medicines will be cheaper as a result of price disclosure policy, designed to ensure the PBS is sustainable and affordable for decades to come.
Under our Government’s price disclosure policy, 18 medicines sold as 224 brands listed on the PBS will be up to $6.02 cheaper for general (non-concessional) patients as at 1 October 2020.
Two medicines for high cholesterol, ezetimibe and rosuvastatin, are among the medicines which will be cheaper.
Around 60,000 patients per year will now pay $25.69 per script for 10 mg tablets of ezetimibe, a saving of up to $5.21 per script.
Around 300,000 patients per year will now pay $15.42 per script for 10 mg capsules of rosuvastatin, a saving of up to $2.13 per script.
In total, Australians will save $40 million for medicines priced below the general patient co‑payment of $41.
Unlike Labor, we are listing all medicines recommended by the medical experts on the PBAC. In 2011, Labor stopped listing medicines on the PBS because they could not manage the economy.
The Morrison Government’s commitment to ensuring that Australians can access affordable medicines, when they need them, remains rock solid.

Helping an additional 10,000 first home buyers

As part of the Morrison Government’s economic recovery plan to create jobs, rebuild our economy and secure Australia’s future, an additional 10,000 first home buyers will be able topurchase a new home sooner under our First Home Loan Deposit Scheme.
Our First Home Loan Deposit Scheme has already helped almost 20,000 first home buyers purchase a home this year with a deposit as low as 5 per cent.
An additional 10,000 places will be provided from 6 October 2020 to support the purchase of a new home or a newly built home.
The Government recognises that saving a deposit has become a more significant barrier to entering the housing market than the ability to service a home loan.
Under the existing First Home Loan Deposit Scheme, eligible first home buyers can purchase a modest home with a deposit of as little as 5 per cent.
Building on the success of the existing scheme, an additional 10,000 first home buyers will be able to obtain a loan to build a new home or purchase a newly built home with a deposit of as little as 5 per cent.
The additional guarantees will be available until 30 June 2021 and will drive more construction and support jobs as part of our Economic Recovery Plan.
Eligible first home buyers will also be able to take advantage of the Morrison Government’s First Home Super Saver Scheme and HomeBuilder, and first home buyers may also be eligible for state and territory grants and concessions.
Combined, the First Home Loan Deposit Scheme, Homebuilder and First Home Super Saver Scheme represent an unprecedented level of Government support for home buyers and the construction industry alike.

Government must meet the deadline for implementation of Aged Care Royal Commission special report recommendations and fund them in the budget

The Greens say that the Government has no excuse not to urgently act on the recommendations of the Aged care and COVID-19: a special report. 
Let’s face it, these recommendations are really the bare minimum of what the Government should have already done when this pandemic started, extra support for the workforce, infection prevention and control training, mental health support for residents and of course a national coordinating body.
It’s shambolic that we have no national coordinating body to address the COVID crisis in aged care, Greens spokesperson on Ageing Senator Rachel Siewert said.
The buck stops with the Commonwealth on Aged Care and so far they have failed dismally.
We knew about the need for infectious control prevention and accreditation after Newmarch.
Given that the Royal Commissioners have made the unusual step of releasing a special report so close to when the final report is due indicates how serious the failures of the system to deal with COVID are.
A commitment to fund these recommendations adequately must be included in next week’s budget.
The funding that the Government has announced today is not enough and there needs to be more in the budget.

Environment Minister doing Rio Tinto's bidding

Federal Environment Minister Sussan Ley has serious questions to answer about the influence mining giant Rio Tinto has had on the Morrison Government’s proposed environmental law reforms, the Greens say.
Through FOI documents and responses to questions on notice through a Senate Inquiry, it has been revealed Rio Tinto wrote to the Morrison Government before the 10-year Samuel Review into Australia’s environment laws commenced last year, asking for states to have approval powers for major projects and the Minister has held a number of subsequent meetings with the company in relation to changes to the EPBC Act. Drafting of new laws had also commenced before the interim report of the Samuel Review had been released.
Greens Spokesperson for the Environment Senator Sarah Hanson-Young said:
“The Environment Minister should come out and tell us if she is simply under orders to do the bidding of Rio Tinto and other mining giants by smoothing their path for environmental approvals of their environment-wrecking projects.
“It seems the Minister not only failed to intervene before Rio Tinto devastatingly blew up Juukan Gorge, she continues to help them pursue even more destruction of our environment and heritage sites.
“The Morrison Government needs to stop its pursuit of its rehashed Tony Abbott bill that hands power for approvals of projects of national environmental significance to the states. The mask has slipped and everyone can see the Liberal Party is just helping its fossil fuel donors get exactly what they want and at any cost to our environment.
“Sussan Ley will be remembered as the Environment Minister who put koalas on their final path to extinction, allowed sacred Indigenous sites to be destroyed and trashed our precious natural world instead of protecting it.
“The Samuel Review should be completed before any legislative change is even proposed and strong standards with an independent cop on the beat to enforce them must established to help protect our environment not trash it even further.”

Safe Travel Zone With New Zealand

The Australian Government is establishing a Safe Travel Zone with New Zealand.
This is the next step for a COVID-safe Australia that will reunite families and friends, offer opportunities for businesses looking for workers, and back the communities that depend on tourism.
Australia and New Zealand have worked closely together since the COVID-19 pandemic began.
We are committed to opening up both domestic travel within Australia and travel with New Zealand, as well as other low risk countries as soon as the health advice says it is safe to do so.
The Australian Government’s Department of Health has undertaken a public health risk assessment of COVID-19 in New Zealand, which indicated that New Zealand posed a low risk of COVID-19 transmission to Australia.
Passengers from New Zealand will be able to travel to Australia, quarantine-free, from Friday, 16 October, provided they have not been in an area designated as a COVID-19 hotspot in New Zealand in the preceding 14 days.
As has been announced already, the Australian Government is defining a hotspot using a three-day rolling average of three locally acquired cases per day.
There are currently no COVID-19 hotspots in New Zealand. The last locally acquired case with an unidentified epidemiological source occurred on 21 August 2020. We are working closely with New Zealand authorities to ensure we are notified promptly of any outbreaks there.
Any state or territory that imposes travel restrictions consistent with the Australian Government-defined hotspot, as advised by the acting Chief Medical Officer, Professor Paul Kelly, will be able to participate in the Safe Travel Zone.
After offering these arrangements at the latest National Cabinet, we have reached agreement for this first stage of quarantine-free travel with New South Wales and the Northern Territory. We welcome those jurisdictions’ commitment to reopening Australia to the world.
Normal visa requirements will apply and travellers returning to New Zealand from Australia will be required to comply with New Zealand’s travel requirements.
The Australian Government will provide increased Australian Border Force support at airports to support the establishment of green lanes of travel for New Zealanders and collecting information on arrivals to assist with contact tracing if required.
We expect the establishment of quarantine-free travel to Australia from New Zealand will also free up space for around an additional 325 passengers a week to enter quarantine in Sydney.
More information will be available at www.smartraveller.gov.au

Expanding Access To Small Business Tax Concessions To Support Jobs

The Morrison Government is continuing to support businesses through COVID‑19 by providing further tax relief to attract and retain workers and reduce red-tape as part of our economic recovery plan.
For the first time, businesses with an aggregated annual turnover between $10 million and $50 million will have access to up to ten small business tax concessions. The changes are estimated to support an additional 20,000 businesses and their employees.
The expanded concessions, as part of the 2020-21 Budget will apply in three phases:

  • From 1 July 2020, eligible businesses will be able to immediately deduct certain start-up expenses and certain prepaid expenditure.
  • From 1 April 2021, eligible businesses will be exempt from the 47 per cent fringe benefits tax on car parking and multiple work-related portable electronic devices, such as phones or laptops, provided to employees.
  • From 1 July 2021, eligible businesses will be able to access the simplified trading stock rules, remit pay as you go (PAYG) instalments based on GDP adjusted notional tax, and settle excise duty and excise-equivalent customs duty monthly on eligible goods. Eligible businesses will also have a two-year amendment period apply to income tax assessments for income years starting from 1 July 2021.

In addition, from 1 July 2021, the Commissioner of Taxation’s power to create a simplified accounting method determination for GST purposes will be expanded to apply to businesses below the $50 million aggregated annual turnover threshold.
This announcement builds on the extensive support provided for small and medium sized businesses during the COVID-19 crisis that has included JobKeeper, extending the Instant Asset Write Off, providing a Cash Flow Boost of up to $100,000 for employing small businesses, and boosting access to capital through our COVID-19 SME loan Guarantee Scheme.
Small business is the backbone of our economy. The Morrison Government will continue to support our small and medium sized businesses as part of our economic recovery plan.

Digital transformation to deliver more timely medicines for Australians and improve patient safety

The Morrison Government is making significant digital reforms to the Therapeutic Goods Administration (TGA) to cut red tape for more than 4,000 businesses applying to register medicines and medical devices each year, as part of its Deregulation Agenda which will also improve the timeliness of report on patient safety.
Our Government is investing $12 million over four years to digitise, transform and modernise the TGA’s business systems and infrastructure, better connecting services to get medicines and devices to patients sooner.
New digital processes will deliver simpler and faster interactions between industry and government. This means earlier approvals of medical products, reduced administrative effort, and timelier decision-making by the TGA.
Under this Deregulation Agenda, our Government is focused on ensuring regulation is and remains fit-for-purpose – making it easier to do business while ensuring essential safeguards with the lightest touch.
This measure will yield a significant reduction in red tape, cutting costs for the medicines and medical devices industry. It will also position Australia to more quickly access emerging and new health technologies in the international market.
The TGA receives around 26,000 applications every year for medicines and medical devices to be listed or amended on the Australian Register of Therapeutic Goods (ARTG), which allows them to be imported, sold and used in Australia.
The digital changes will enable simpler and more secure interactions between Government and industry to apply for, track, pay, and manage listings for regulated and subsidised health related products and services.
The TGA receives 15,000 adverse drug reaction reports on patient safety per year which are entered manually through PDF rather than through a central database.
With these reforms, medical companies will now be able to use an electronic database to report these patients safety events with automatic data transfer – saving them up to 15 minutes per report.
All Australians will benefit from a streamlined process which increases the timeliness of decisions on the safety, quality and efficacy of therapeutic goods, and their approval for listing on the ARTG.
Consumers and health care professionals can also have greater confidence in the safety and efficacy of therapeutic goods, with increased transparency built into the reforms.”
Cyber security will also be bolstered to ensure the protection of commercial-in-confidence information from industry.