Bribie Islanders are set to benefit as the Australian Government lays out its plan to bring Australia out of the recession.
Budget 2020 was created to create jobs and rebuild the Australian economy as we bounce back from the COVID-19 pandemic.
Member for Longman Terry said the Budget was a welcome and well-thought out plan that will help locals find jobs.
“The private sector will help lead Australia out of this recession and this Budget presents a clear roadmap to recovery,” he said.
Around 43,100 taxpayers in the Longman electorate will benefit from tax relief of up to $2,745 this year.
“This will allow families in the Bribie area to keep more of what they earn, allowing them to spend more on the things they need,” Mr Young said.
Around 23,064 age pensioners and 3,311 carers in Longman will receive a further $250 payment in December and a further $250 from March next year.
The Government is also supporting business through a range of initiatives, including a temporary tax incentive that will allow around 9,300 businesses in Longman to write off the full value of any eligible asset they purchase.
To help young people find jobs, The JobMaker Hiring Credit of up to $200 per week is available to employers who hire eligible employees aged 16-35.
“We are also funding 100,000 new apprenticeships through a new 50 per cent wage subsidy for all businesses that take on new apprentices from now until September 30 next year,” Mr Young said.
“And we will continue helping older people find work through the Restart program which provides up to $10,000 to encourage businesses to hire and retain mature age employees aged 50 and over.
Other measures to drive investment in the region include further funding for the Bruce Highway upgrade between Caboolture and Caloundra; and the New Settlement Rd overpass; and the D’Aguilar Highway upgrade.
Moreton Bay Council will also receive more than $5 million to build shovel-ready local priorities, supporting local jobs and local business.
“These investments, together with the new Road Safety Program will support around 10,000 jobs over the life of the projects and I look forward to residents in this electorate benefiting from the local procurement they bring,” Mr Young said.
“This Budget will position Australia as a world leader as we come out of this pandemic.”