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DELIVERING FOR ALL AUSTRALIANS

THE COALITION GOVERNMENT DELIVERING FOR ALL AUSTRALIANS

 

 PROTECTION FROM COVID 

 Australia's response to the health and economic crisis has been world leading.

Globally (as at May 2021) there are around 800,000 cases of COVID-19 a day. Tragically, the COVID-19 death rate in the UK and USA from COVID-19 has been around 50 times that of Australia. Australia is successfully combating the virus.

 JOBS RECOVERY – GLOBAL COMPARISON 

Australia is the first advanced economy to have more people employed than pre-COVID, with over 74,000 more Australians in work in March 2021, compared to March 2020. 

 JOBS RECOVERY – 1990s COMPARISON 

Australia’s labour market is recovering four times faster than in the 1990s recession.

It has taken Australia 11 months to return to the level of employment pre-COVID, compared to 49 months for our labour market to recover from the 1990s recession.

 1.6 MILLION JOBS CREATED 

The Coalition Government is delivering on its commitment to create new jobs.

Despite the biggest economic shock since the Great Depression, unemployment is lower (as at March 2021) than when the Coalition was elected.

Since September 2013, over 1.6 million jobs have been created. 

 JOBKEEPER 

In 2020 the Coalition introduced the largest economic support measure in Australian history. JobKeeper helped keep 3.8 million Australians in a job.

 ECONOMIC RESILIENCE 

Australia’s economy contracted by 2.5% in 2020 – compared to 3.3% for the USA, 5% for Canada, over 8% for France and Italy and nearly 9.8% for the UK. 

 AAA CREDIT RATING 

Australia is just one of 9 countries to maintain a AAA credit rating from all three credit ratings agencies.

 BALANCED BUDGET PRIOR TO COVID-19 

In 2018-19, the Coalition Government delivered the first balanced Budget in eleven years.

But for COVID-19, Australia was on track for the first surplus in twelve years. 

 REDUCING THE DEFICIT 

With more Australians back at work, Australia’s Budget deficit for 2020-21 is $52.7 billion lower than forecast in last year’s Budget.

 STRONGER DEBT POSITION 

While debt remains a long term challenge, Australia’s net debt (as a share of our economy) is around half that of the UK and the US and less than a third of that in Japan.

 EXPANDED INSTANT ASSET WRITE OFF 

Over 99% of businesses, employing over 11 million workers can write off the value of any eligible asset they purchase. This means a tradie can buy a new ute, a farmer a new harvester and a manufacturer expand their production line.

This has seen spending on machinery and equipment increase at the fastest rate in nearly 7 years.

 SMALL BUSINESS TAX RELIEF 

The Coalition Government has delivered tax relief for 3.4 million businesses employing over 7 million Australians. The tax rate for businesses with turnover less than $50 million has been reduced from 30% to 26% and will further reduce to 25%.

 CASHFLOW BOOST 

The Cash Flow Boost supported over 800,000 businesses and not-for-profits through the pandemic.

 SUPPORTING HOME OWNERSHIP 

New house starts are now at the highest in 20 years. New loans to first home buyers have reached their highest level in nearly 12 years.

The Coalition Government is encouraging home ownership through: expanding the First Home Super Saver Scheme; the First Home Deposit Scheme (helping home buyers build a home with a 5% deposit); and the Family Home Guarantee Scheme (helping single parents purchase a home with a 2% deposit).

 HOMEBUILDER 

HomeBuilder has been a success since it was introduced in response to the risk to the construction sector as a result of the pandemic.

Since its introduction in June 2020, the number of private residential building approvals has increased by 87.3% with over 120,000 HomeBuilder applications received. This is expected to support over $30 billion worth of residential construction activity nationwide.

 MORE APPRENTICES AND TRAINING 

50% wage subsidies will support more than 170,000 new apprenticeships and traineeships – building on the 100,000 new apprenticeships already supported.

The Coalition Government’s JobTrainer Fund will support more than 450,000 free or low cost training places for school leavers or job seekers.

 TAX RELIEF 

More than 11 million taxpayers are getting tax relief of up to $2,745 this year, following legislated tax relief in 2019 and the extension of the low and middle income tax offset.

This tax relief is part of a major reform of our tax system that in 2024-25 will see 95% of taxpayers face a marginal rate of no more than 30 cents in the dollar.

 LESS RED TAPE 

The Coalition Government has reduced costs for businesses, individuals and community groups with hundreds of decisions reducing red tape by around $5.8 billion.

 NATIONAL CABINET 

The Prime Minister established Australia's first National Cabinet to help coordinate Australia's response to the health and economic crisis.

 MORE AFFORDABLE ENERGY 

While electricity prices doubled under Labor, we have begun to turn the corner on power prices.

ABS data shows household electricity prices have declined 13.2% since December 2018.

A number of measures are putting downward pressures on power prices, including a price safety net to protect customers, “big stick” legislation to stop energy company rip offs and measures to deliver reliable, secure and affordable energy, from a variety of sources.

 REDUCED EMISSIONS 

At the end of 2020, greenhouse emissions in Australia were 19% lower than they were in 2005, and are now at their lowest level since 1995.

Emissions are lower than in any year under the previous Labor Government.

The Coalition Government is investing around $20 billion over 10 years in a range of emerging technologies that could lower emissions, including clean hydrogen and energy storage.

 INVESTMENT IN RENEWABLES 

Since 2019, Australia has deployed renewable energy ten times faster than the global average, and four times faster per capita than Europe or the United States.

One in four houses in Australia have rooftop solar, more than anywhere else in the world.

In 2020 alone, Australia deployed more renewable energy than in the six years of the previous Labor Government.

We are supporting major energy storage projects like Snowy 2.0 and Battery of the Nation.

 RECYCLING WASTE 

The Coalition Government is banning the export of plastic, paper, tyres and glass waste and upgrading our recycling capabilities, to stop more than 600,000 tonnes of waste ending up in landfill.

 RECORD INFRASTRUCTURE INVESTMENT 

A record $110 billion will be invested over the next 10 years on highway upgrades, congestion busting roads, rail projects, Inland Rail, improved local roads, and a new airport in Western Sydney.

The Coalition Government is delivering on commitments to build the infrastructure Australia needs. In Sydney, the Western Sydney Nancy Bird Walton International Airport is being built. Construction on the Melbourne Airport Rail Link will begin as early as next year, and we are committed to delivering the Geelong Fast Rail.

Right across Australia, we are building and upgrading new roads, from the Tonkin Highway in Western Australia, to the Bruce Highway in Queensland, the North South Corridor in South Australia, to the Buntine Highway in the NT.

 MORE EXPORTS 

The Coalition Government is delivering its commitment to create new markets for our exporters. Australia’s exports have grown from $306 billion in 2012-13 to $476.6 billion in 2019-20.

Australia had a trade surplus of $77.4 billion in 2019-20 – the largest financial year trade surplus ever.

We’ve provided more opportunities for Australian exporters through landmark free trade agreements with China, Japan, Korea, Hong Kong, Indonesia and Peru, as well as the 11 nations of the Trans-Pacific Partnership, and the Pacific Agreement on Closer Economic Relations (between Australia, NZ and nine Pacific countries).

 A MORE RESILIENT AUSTRALIA 

The 2021 Budget provides more resources to help Australians prepare, respond and recover from natural disasters. A new National Recovery and Resilience Agency will lead Australia's response to natural disasters.

 DROUGHT RESILIENCE 

The Government’s $3.5 billion National Water Grid Fund will help make regional Australia more resilient to drought, building dams and irrigation projects.

 A MORE DIVERSE ECONOMY 

The Modern Manufacturing Strategy commits $1.5 billion to expand manufacturing across six priority areas: food and beverage manufacturing; resources technology and critical minerals processing; medical products; recycling and clean energy; defence industry; and space industry. It is being backed with $2 billion in R&D tax incentives.

The new ‘patent box’ will encourage innovation in medical technologies and products, with a 17% concessional tax rate for income earned by new patents in Australia.

The $1.2 billion Digital Economy Strategy will secure Australia’s position as a world-leading digital economy by 2030. We will achieve this by investing in digital skills, artificial intelligence capability, cyber security, tax incentives for business and enhancements to government services like myGov.

 PROTECTING AUSTRALIA’S INTERESTS 

The Foreign Arrangements Scheme ensures arrangements between state and territory governments and foreign entities are consistent with Australia’s foreign policy.

The Government has cancelled four foreign arrangements, including the Victorian Government’s Belt and Road Agreement.

 SECURE BORDERS 

After 50,000 illegal arrivals in 800 boats under Labor, Australia’s borders are now secure. 19 detention centres have been closed, saving the Budget billions.

Strong border security continues to be a key pillar in keeping Australians safe from COVID-19.

 FIGHTING TERROR 

21 major terrorist plots have been thwarted. A total of 133 people have been charged as a result of 61 counter-terrorism operations.

The Government is boosting Australia's security agencies, has introduced tough anti-terror laws and has revoked the citizenship of dual nationals who engage in terrorism.

 DEPORTING CRIMINALS 

The Government has cancelled or refused the visas of over 8,500 dangerous criminals, including murderers, rapists, child sex offenders, armed robbers and drug dealers.

 TACKLING THE SCOURGE OF ICE 

In 2019-20, Border Force made over 40,000 detections of illicit, prohibited and restricted drugs and seized over 10 tonnes of major illicit drugs and precursors.

 A STRONGER DEFENCE FORCE 

The Coalition Government has delivered on its commitment to grow the Defence Budget to 2% of GDP.

The Government is investing $270 billion over 10 years in our defence capability – reversing the decline under Labor when Defence funding was gutted to 1.56% of GDP (the lowest since 1938).

This includes building more than 70 naval vessels – in the biggest regeneration of the Navy since WW2. By contrast, Labor did not commission a single naval vessel in six years.

 SUPPORTING OUR PACIFIC NEIGHBOURS 

The $2 billion Australian Infrastructure Financing Facility for the Pacific is supporting vital infrastructure in Pacific Island countries and Timor-Leste.

 WOMEN’S SAFETY AND ECONOMIC SECURITY 

We are making a landmark investment in women’s safety as part of a $3.4 billion package of new measures to improve outcomes for women.

The recent Budget invests a further $1.1 billion in women’s safety, including: more emergency accommodation, more legal assistance, more counselling and more financial support for those escaping abusive relationships.

The female participation rate now stands at 61.8%, higher than at any time in our nation’s history. The gender pay gap has fallen to the lowest level on record at 13.4% - which is down from the 17.4% inherited from Labor. The 2021-22 Budget includes a range of measures to create more jobs for women and allow them to build greater financial security as we recover from COVID-19.

 ONLINE SAFETY 

The Government is investing more than $120 million over the next four years for the eSafety Commissioner to keep Australian women, children and families safe online. In the last five years the eSafety Commissioner has reached over 720,000 students, parents and community groups, and addressed thousands of complaints about serious cyberbullying online. We have introduced an Online Safety Bill into the Parliament to strengthen online safety protections and penalties.

 MORE AFFORDABLE CHILD CARE 

The Child Care Subsidy (up to 85%) is making child care more accessible and affordable for parents. From July 2022, the Child Care Subsidy for second and subsequent children aged five and under will increase to a maximum 95%. This will benefit around 250,000 Australian families by an average $2,260 per year.

We’re also abolishing the annual cap, benefiting 18,000 Aussie families.

 MORE SCHOOLS FUNDING 

The Coalition Government has delivered its commitment to increase school funding.

Funding for schools has increased from $13.8 billion in 2014 to $23.4 billion in 2021.

We are providing $315.2 billion under the Quality Schools package from 2018 to 2029. This increases average funding per student by 60% over the decade.

 BETTER HEALTH CARE 

The Coalition Government has delivered on its commitment to increase hospital funding with funding for public hospitals increasing from $13.3 billion in 2012-13 to $25.6 billion in 2021-22.

The GP bulk billing rate was 89.3% in 2020, compared to 82.2% in Labor’s last year.

During the pandemic, Medicare has been extended to telehealth services.

Access to over 195 million doses of vaccines has been secured. (As at May 2021), over 3 million doses have been administered.

 AFFORDABLE MEDICINES 

Since May 2019 the Government has approved 587 new and amended listings on the PBS, helping people with cancer, heart disease, epilepsy, spinal muscular atrophy, asthma, osteoporosis and chronic migraines.

Instead of paying thousands for treatment, these medicines now cost $41.30 a script or $6.60 for concession card holders.

By contrast, Labor stopped listing a number of important medicines. In total, we have listed over 2,600 medicines on the Pharmaceutical Benefits Scheme since 2013.

 IMPROVING AGED CARE 

275,000 home care packages will be available by June 2023, up from 60,000 when the Government was elected.

The 2021 Budget includes new funding to support 33,000 new training places for personal carers, higher payments for residential care, upgrade care in regional areas and provide stronger regulation.

The Coalition Government called the Royal Commission into Aged Care and is delivering more support and greater protections for older Australians in response to the recommendations.

 SUPPORTING RETIREMENT 

Since we were elected in 2013, pensions have increased by $144.30 per fortnight for singles and by $209.10 per fortnight for couples.

In response to the COVID-19 pandemic, the Coalition Government provided four economic support payments directly to Age Pension recipients, Commonwealth Seniors Health Card holders, Veterans and Carers.

Older Australians will no longer be required to meet a work test before making voluntary contributions to super, while those aged over 60 will be able to contribute up to $300,000 into their super if they downsize their home.

 TACKLING UNION LAWLESSNESS 

Legislation has been passed allowing decent, hard-working parts of an amalgamated union or employer body that are dissatisfied, to de-merge.

Previously the Government has also:

  • Restored the Australian Building and Construction Commission, to protect 1.1 million workers and 380,000 small businesses from CFMMEU thuggery. This has substantially reduced days lost to industrial action in the industry (by over 50% prior to the pandemic, and even more so since).
  • Banned corrupt payments between employers and unions.
  • Saved around 35,000 owner-operator truck drivers from a hostile union takeover.
  • Established the Registered Organisations Commission to protect workers by requiring unions or employer groups to be as transparent and accountable as companies.

 NDIS 

The Coalition has fully funded the NDIS. Today, 450,000 people are receiving disability support, with 100,000 joining the scheme in the last year alone.

 WELFARE TO WORK 

Prior to the pandemic, the rate of welfare dependency was at its lowest level in over 30 years. The Coalition believes the best form of welfare is a job and reinvigorated mutual obligation, including Work for the Dole.

 

Information current as at May 2021