Josh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

The member for Rankin's assertion is simply not true. What we have seen across the country is that jobs are coming back in the face of the most significant economic shock since the Great Depression. The policies supported by those on this side of the House are not only creating jobs but also strengthening the Australian economy for the recovery ahead.

On budget night, 6 October, we announced tax cuts for more than 11½ million Australians. We announced the loss carry-back measure to give businesses working capital so that they can continue to keep their workers employed. We put in place immediate expensing provisions for businesses with a turnover of up to $5 billion, to support investment across the country. We've also put in place a JobMaker hiring credit to support around 450,000 jobs. We've invested more money in transport infrastructure, water infrastructure and telecommunications infrastructure. We're backing apprentices—100,000 new apprentices across the economy—by providing a wage subsidy of up to 50 per cent.

It might be an inconvenient truth for the member for Rankin, but the reality across the Australian economy is that it is coming back. The recovery is underway. The member for Rankin may be entitled to his own opinions, but he's not entitled to his own facts.

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