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BUDGET 2021: Securing our economic recovery from COVID-19

Gold Coast families and small businesses have been the big winners from the Morrison Government’s 2021 Federal Budget, which focused on a jobs-led recovery to secure Australia’s comeback post-COVID.

We are putting more money back in the pocket of low and middle income earners with an additional tax cut [[link removed]]. More than 10 million Aussies - including 2 million Queenslanders - will benefit by up to $1,080 for individuals or $2,160 for couples.

This means more money to spend in local businesses, giving them the confidence to take on an extra worker, offer an extra shift or buy a new piece of equipment.

The Government will also extend the temporary full expensing and the loss carry back measure [[link removed]] - announced in last year’s budget - for another year.

Gold Coast businesses suffering amid international border closures will be supported, with a commitment of $274.6 million for travel agents, tour operators, business events, zoos and aquariums - to remain viable and ready to welcome visitors as domestic travel activity increases and international travel restrictions are eased.

Further 2021-22 Budget measures include:

Investing in skills and training to fill skills shortages and to provide Australians with the skills they need to get a job; Investing in more infrastructure to boost the nation’s productivity and to create more jobs; Backing our manufacturing sector to diversify our economy and to create more jobs; Record funding for schools, hospitals, aged care [[link removed]], mental health and the NDIS.

To cut the cost of living for around a quarter of a million families and to help boost workforce participation, the Government is making an additional $1.7 billion investment in child care.

The changes target low and middle income earners - with around half the families set to benefit having a household income under $130,000. Importantly it lowers the disincentive to take on an additional day or two of work for many families.

Under my own portfolio we are building a more secure and resilient Australia [[link removed]]. More than $2 billion is being invested to bolster national security, improve community safety and further streamline our migration system.

If you missed the Treasurer's speech tonight - you can read it here [[link removed]] - and find more information about the 2021 Budget here [[link removed]].

Kind regards,

Karen Andrews MP

Federal Member for McPherson

PS - To stay informed of the Government's latest funding announcements and job creation measures, follow me on Facebook [[link removed]].

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Postal Address: PO Box 409, Varsity Lakes QLD 4227

Email: karen.andrews.mp@ [mailto:[email protected]] aph.gov.au [mailto:[email protected]?subject=Response%20from%20E-News]

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Authorised by Karen Andrews MP, 47 Watts Drive, Varsity Lakes QLD 4227