Independent ratings agencies, S&P Global and Moody’s, have provided initial commentary to the market on the Marshall Government’s historic job-creating State Budget 2020-21, which was handed down yesterday. S&P Global (AA+) reported the Government’s $4 billion economic stimulus (which leverages a further $1 billion in Commonwealth and business investment) as ‘valuable support’ for businesses, despite…
DetailsThe Marshall Liberal Government has welcomed the overwhelming vote of confidence in its State Budget 2020-21 from a large cross-section of industry and stakeholder groups, who have thrown their support behind its record job-creating infrastructure spend and $4 billion in short-term stimulus. Industry groups, including Business SA, the Business Council of Australia, the…
DetailsThe Marshall Liberal Government continues to deliver significant cost-of-living relief for hardworking families and businesses, helping to drive down the cost of average household bills for water, electricity, car registration through lower CTP insurance premiums and the Emergency Services Levy. In fact, an average household* is now around $820 a year better off under…
DetailsThe Marshall Liberal Government is committed to the safety, welfare and wellbeing of South Australians – particularly those who are our most vulnerable. The State Budget 2020-21 allocates $7.2 billion to health, $3.9 billion to education and $609 million to child protection this financial year. An extra $124 million is provided over four…
DetailsThe Marshall Liberal Government is injecting a record $4 billion ‘adrenalin hit’ into SA’s economy to create thousands of local jobs over the next two years, driving South Australia’s ongoing recovery from the greatest economic challenge of our time, COVID-19. In the single biggest stimulus package by a State Government in South Australia’s history, the…
DetailsThe Marshall Liberal Government’s third State Budget invests in significant job-creating stimulus programs, a record $16.7 billion infrastructure pipeline over the next four years and a world-leading COVID-19 response which charts a path to ongoing strong economic recovery. The 2020-21 State Budget projects a net operating deficit of $2.59 billion in 2020-21 as a direct result of the Government’s comprehensive health and economic response…
DetailsA multi-million-dollar economic injection into the state’s retail sector is expected as a result of the Marshall Liberal Government’s decision to approve extended shop trading in the suburbs on Boxing Day again this year, supporting thousands of local jobs. The changes will include all shops being allowed to open 2 hours earlier at 9am…
DetailsSouth Australia is outperforming the rest of the nation for jobs growth in the critical building and construction sector, with more than 2,700 local jobs created since July. ABS data* shows building and construction jobs – from plumbers, painters and engineers to carpenters, bricklayers and administrative roles – have grown 4 per cent in…
DetailsTens of thousands of South Australian mum and dad investors will benefit from lower land tax bills as a result of the Marshall Government’s historic reforms, which deliver more than $200 million in total land tax savings over three years. Under the changes, which came into effect in July, the overwhelming majority of non-trust investors…
DetailsRail union bosses’ attempts to garner support for state-wide stop-work action have failed comprehensively, with an overwhelming majority of train drivers either not bothering to vote – or voting against strike action. Rail, Tram and Bus Union (RTBU) bosses conducted a ballot of employees seeking support for industrial action including unlimited stop-work action for…
DetailsSouth Australia’s housing and construction industry is bracing for a ‘tsunami’ of building activity over the next 9 to 12 months, with more than 1100 applications for the $25,000 HomeBuilder Grant received by the State Government – and hundreds more expected by the end of the year. The Federal grants have already started heading…
DetailsThe Marshall Liberal Government has welcomed the Federal Government’s 2020-21 Budget for its strong focus on sustaining and creating local jobs as the nation charts its economic recovery out of the COVID-19 recession. Treasurer Rob Lucas said the targeted back-to-work wage subsidy to support businesses to employ people under the age of 35 was…
DetailsThousands of medium-sized businesses across South Australia will benefit from further significant payroll tax relief as part of $85 million in economic stimulus announced by the Marshall Liberal Government today to support local jobs. Under the scheme, businesses with annual payroll (grouped) of up to $4 million will be granted an extra 3-month payroll tax…
DetailsTrain drivers and other rail staff have been offered a new enterprise agreement by the Marshall Liberal Government, which includes pay rises of 2 per cent per annum for 3 years – the same wage increase accepted by their fellow tram drivers in May. The ‘exceptionally fair and reasonable’ offer – which covers 353 employees…
DetailsNew home sales in South Australia have grown in the past three months to their highest level in 6 years, as local builders prepare for a further influx in demand as buyers take advantage of the Federal Government’s $25,000 HomeBuilder grant. Data released today by the national Housing Industry Association, shows SA is now…
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