Queensland Treasurer Curtis Pitt said the Palaszczuk Government was wasting no time on delivering its promises to encourage bosses to hire apprentices or trainees.
Speaking at the Queensland Media Club on the 18h March, Mr Pitt said the government was focused on delivering its commitments, to increase both employment and participation in the economy.
“We’re hitting the ground running to ensure we deliver for Queenslanders,” Mr Pitt said.
“During the first sitting of parliament we will introduce a bill to change the Payroll Tax Act so we can deliver our commitment to deliver a payroll tax rebate for employers when they hire an apprentice or trainee.
“Our pledge of $45 million in payroll tax rebates will encourage employers to take on apprentices and trainees.
“Our commitment is to provide a 25% rebate on the payroll tax on the wages of another employee when bosses hire an apprentice or trainee.
“This will encourage greater participation and give young people a foot in the door when youth unemployment remains stubbornly high.”
Mr Pitt said the ABS Labour Force numbers released last Thursday showed the state’s trend unemployment rate at 6.5% and the latest available data put youth unemployment at 14%.
“The number of unemployed has risen 30,300 since March 2012,” he said.
“Limited job opportunities have discouraged new entrants into the labour market, with the trend participation rate at 65.3% in February.
“That’s why we are acting quickly to implement our agenda to support jobs.
“We will see a direct employment benefit as a result of our payroll tax rebate policy. Queenslanders are one of our state’s greatest resources.
“We can harness this resource by setting the right policies for business and industry to create secure jobs and training opportunities.
“Queensland already has the most generous payroll tax thresholds in mainland Australia and the lowest payroll tax rates in the country.”
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