Powered by momentummedia
nestegg logo
Powered by momentummedia
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Invest

PM paves way for recovery with JobMaker plan

  • May 26 2020
  • Share

Invest

PM paves way for recovery with JobMaker plan

By Grace Ormsby
May 26 2020

Reminding Australians that current JobKeeper and JobSeeker stimulus measures are temporary, the Prime Minister has launched a new COVID-19 recovery plan.

Scott Morrison

PM paves way for recovery with JobMaker plan

author image
  • May 26 2020
  • Share

Reminding Australians that current JobKeeper and JobSeeker stimulus measures are temporary, the Prime Minister has launched a new COVID-19 recovery plan.

Scott Morrison

In an effort to “win the battle for jobs”, Mr Morrison has announced a JobMaker plan in an address to the National Press Club — “for a new generation of economic success”.

The new plan comes amid a sobering economic backdrop, where unemployment levels move above 10 per cent and government debt levels rise above 30 per cent of the GDP.

Conceding that opening up will be harder than closing down, the Prime Minister said: “We will have to all retrain, to live and work in a way that creates a sustainable COVID-19-safe economy and society.

“As we reset for growth, our JobMaker plan will be guided by the principles that we, as Liberals and Nationals, have always believed in: to secure Australia’s future and put people first in our economy.”

Advertisement
Advertisement

While details of the new plan have yet to be revealed, it will involve a complete overhaul of Australia’s “clunky and unresponsive” skills and training system and a new version of the “Accord”, to bring together unions, employer groups and businesses in a bid to reform the industrial relations system.

“Beginning immediately, the Minister for Industrial Relations, Attorney-General Christian Porter, will lead a new, time-bound, dedicated process bringing employers, industry groups, employee representatives and government to the table to chart a practical reform agenda — a job-making agenda — for Australia's industrial relations system,” he outlined.

The Attorney-General will chair five working groups for discussion and negotiation of such reform prior to the release of this year’s budget, which Mr Morrison hopes will lead to award simplification, among other changes.

More to come.

PM paves way for recovery with JobMaker plan
Scott Morrison
nestegg logo

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article

About the author

author image

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

more on this topic

more on this topic

From the web

Recommended by Spike Native Network

More articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.