David Gillespie (Lyne, National Party) Share this | Hansard source

The 2016 budget is a real game changer for employment and the small businesses that drive our local economy in the Lyne electorate. A one per cent tax cut was announced, lowering the small business tax rate to 27½ per cent, and the accelerated depreciation threshold for small businesses has been increased to include those businesses with up to $10 million in turnover. This will improve their bottom line and drive growth in employment and the local economy. We also have an $840 million youth employment package. This will deliver a new youth jobs pathway involving internships in real jobs for 15 to 25 hours a week, jobs skills training and then $6,000 to $10,000 in employment subsidies to the boss if he takes you on at the end. That is real jobs for youth.

Aged care has already received $15 million in the last 2½ years in the Lyne electorate, but there is another $249 million to support extra aged care in rural and remote Australia. Infrastructure spending continues. Accelerated delivery of the Pacific Highway upgrade continues, as well as the Bridges Renewal, Roads to Recovery and the Black Spots programs. That is over another $500 million by 2019. This budget is really great news for jobs and growth in the economy.

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