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14 June 2018



Creating more jobs for Tasmanians

The Hodgman Liberal Government’s number one priority is jobs and we are delivering on our plan.

More than 11,000 jobs have been created since 2014 and the unemployment rate has dropped to 6 per cent and there are a record 246,200 Tasmanians in work.

That’s why the 2018-19 Budget contains initiatives to attract and promote further investment in Tasmania and incentives for Tasmanian businesses to employ more Tasmanians.

These include:

  • Providing $7.5 million over 3 years in new funding for targeted Small Business Grants and extending the enormously popular Payroll Tax Rebate Scheme for apprentices and trainees to 2021.
  • Introducing a Payroll Tax cut for all businesses. Currently businesses pay 6.1 per cent payroll tax on all wages over $1.25 million – we will introduce a new lower tax rate of 4 per cent on payrolls between $1.25 million and $2 million.
  • Payroll tax relief of up to 3 years will also be provided for any business that relocates to Tasmania and establishes its operations in a regional area.

There are a number of other measures in the Budget that will help generate economic activity and help Tasmanians right around the State find work.

We have a range of sector-specific policies that will reduce red tape and foster business investment, including agriculture, small business, hospitality, tourism, seafood, information technology and the racing industry.

Our $2.6 billion Infrastructure Plan will help build the roads, hospitals, schools and other infrastructure that Tasmanians need and it will also help build your future by supporting thousands of new jobs and careers in the State’s booming engineering, construction and trades sectors.

This record infrastructure investment will ensure that we keep pace with a growing economy, growing population and increased visitor numbers, while also making the essential investments in health, education and housing infrastructure that will keep Tasmanians healthy, safe and prepared for the future.

The Hodgman Liberal Government will continue to deliver on our plan to have the most confident and vibrant economy in the nation and create the right business environment for more job creation.