Chapter 2 Nation Building and Jobs Plan: Building Prosperity for the Future and Supporting Jobs Now



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CHAPTER 2

Nation Building and Jobs Plan:

Building Prosperity for the Future and Supporting Jobs Now


Chapter Page


    1. The Nation Building and Jobs Plan 17




    1. Building the Education Revolution 19




    1. Social Housing 21




    1. Transport and Community Infrastructure 23







2.1 NATION BUILDING AND JOBS PLAN


On 5 February 2009 the Australian and State and Territory Goverments signed the National Partnership Agreement on the Nation Building and Jobs Plan: Building Prosperity for the Future and Supporting Jobs Now. This Plan extended the Commonwealth stimulus measures announced in December 2008 under the Economic Security Strategy.

The ACT is working with the Commonwealth to implement the Nation Building and Jobs Plan to limit the extent of the economic slowdown and associated job losses. The ACT will benefit from around a total of $334.5 million in Commonwealth funding under this Plan, with $229.3 million of this amount for school infrastructure and $102.7 million for social housing. In addition, ACT households and businesses will benefit from estimated funding under the Plan for:



  • a one-off tax bonus for eligible taxpayers of up to $900 for individual and families, depending on income thresholds, estimated at $141 million, the single income family bonus (estimated at $14.9 million) and the training and learning bonus, the education entry payment supplement and the back to school bonus (estimated at $37.5 million). Some additional support is also being provided for the unemployed;

  • road safety through the Black Spot Program ($2.4 million), for regional and local community infrastructure (estimated at $8 million) and the National Highway Network (estimated at $0.1 million);

  • improving the energy efficiency of homes through the addition of solar hot water and ceiling insulation (estimated at around $28 million);

  • additional defence housing, with a number of the properties to be built in the ACT (estimated at over $3 million); and

  • small business and general business tax breaks (estimated at around $32 million) that support the maintenance and bringing forward of capital expenditure.



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