House debates

Monday, 19 October 2020

Statements by Members

Budget

1:54 pm

Photo of Vince ConnellyVince Connelly (Stirling, Liberal Party) Share this | | Hansard source

The Morrison government's 2020-21 budget and our emergency measures over the last year have been an economic lifeline to the nation. Just under 10,000 Stirling residents have received the coronavirus supplement. The $101 billion JobKeeper package is supporting 3½ million workers around the country, and 7,300 businesses in my electorate of Stirling, including Wayne from Cordingley's surf shop, Heidi from Cafe Collective, Nick and Anna from El Greco, and Andy from Perway Construction Services.

But that was just phase 1, because we're now on the road to recovery. Over 101,000 Stirling residents will benefit from the tax cuts. Twenty-four thousand, three hundred businesses will now benefit from the stratospheric boost to the instant asset write-off, and the 15½ thousand Stirling residents who got the initial $750 payment will also get a further $250 in December and another in March next year. Forty-five million dollars is going towards the Stirling bus exchange. An additional $17½ million is going to the Stephenson Avenue extension. And just under $10 million is going to the City of Stirling to support local roads and projects.

This was possible because we entered this crisis with the first balanced budget in 11 years, compared to being burdened with another $387 billion had Labor got in.