Tracey Roberts (Pearce, Australian Labor Party) Share this | Hansard source

Today we celebrate a significant achievement. The Australian government has successfully created over one million jobs since May 2022. This milestone reflects the dedication of countless Australians contributing to our nation's recovery and growth. Under the Albanese Labor government, we have seen the largest increase in employment during a single parliamentary term in our history, with more than 652,000 of these being full-time positions. This accomplishment is particularly commendable given the global economic challenges, including pandemic effects, inflation and geopolitical uncertainties. The creation of these jobs demonstrates effective governance and a clear vision for a prosperous future. It signifies the commitment not only to recover from past setbacks but also to build a resilient economy capable of withstanding future challenges. These jobs created represent hope for families, stability for communities and opportunities for individuals to realise their dreams. This achievement is a collective effort and a collaboration between government, businesses and workforce.

I commend the Albanese Labor government for its unwavering support for Western Australia, recognising it is the engine room of our economy. Western Australia is not just a state. It drives economic growth through its vast resources. The state has consistently contributed significantly to national prosperity, accounting for over 20 per cent of economic growth in recent years, largely fuelled by critical minerals, energy resources and agricultural products. The Albanese Labor government's commitment to Western Australia is evident in policies prioritising job creation and economic stability. By investing in infrastructure, education and training programs tailored for Western Australians, we ensure that this state continues to thrive. Developing critical industries in Western Australia supports local economies and strengthens our nation's position in global markets.

One promising initiative is the introduction of production tax credits for critical minerals. These credits aim to encourage mineral processing in Western Australia and create secure jobs in the resources sector. The proposed critical minerals production tax incentive will provide a 10 per cent refundable tax offset, simulating investment and innovation in this vital area. Critical minerals are essential for modern technologies, from electric vehicles to renewable energy systems, and Australia is uniquely positioned to lead in the field. By fostering a robust critical mineral sector through these tax incentives, we ensure Australia remains a global competitor while ensuring jobs for future generations.

This initiative will attract domestic and international investment, driving innovation and creating high skilled jobs that are crucial for our economy. Moreover, these production tax credits will support local communities by encouraging sustainable practices in mineral processing. As we transition towards a greener economy, it is imperative to harness our natural resources responsibly—investing in cleaner technologies within Western Australia, whose mining sector sets an example for other nations while safeguarding our environment.

As we celebrate these achievements, we must recognise the importance of bipartisan support for these initiatives. I urge the opposition to reconsider their stance on production tax credits. Blocking such measures would hinder job creation and investment at a time when we need them the most. Supporting these credits is about securing a prosperous future for all Australians, especially those in Western Australia who rely on these industries for their livelihoods. The opposition have an opportunity here, not just to support government initiatives but to stand with Australian workers and businesses striving for growth and stability. By advocating for production tax credits, they can help ensure that Western Australia continues to thrive as an economic powerhouse while providing secure employment opportunities for thousands of families.

In conclusion, let us acknowledge the significant progress made together as a nation. The creation of over one million jobs is a testament to our resilience and commitment to building a stronger economy. As we look forward to the future, let us continue supporting policies that empower our workforce and invest in Western Australia as the engine room of our economy. Together, we can ensure that every Australian has access to secure employment and a bright future—a future where innovation flourishes, communities prosper and our collective potential is realised. Let us unite across party lines to champion initiatives benefiting not only Western Australia but all Australians.

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