Federal election 2019: Josh Frydenberg and Chris Bowen face off over economy – politics live | Australia news
Question: Can you explain why you’ve scaled a policy back to the 2016 election and install business sector is concerned about red tape and compliance in hiring these people. What sort of assurances can you offer it won’t be particularly burdensome and worth their while to do this?
Shorten: My word it’s worth their while. I was pleased to see the Council of Small Business Association, but there was something else he said. He thought this was a good idea.
They don’t want to get tied up in red tape. Fair enough. There’s a real problem in Australia. You can see it every Saturday when you go to the shopping centres.
I run into well presented, very hard working older Australians. But they’ve been on the rough end of economic change.
They’ve lost their job.
We have a problem in Australia, don’t we?
Once you’re 55 and 60, the old economic job market is pretty harsh.
For no other reason than you’re older. I run into people all the time who have got their CVs, 30 or 40 years of work experience. They don’t get an even go. This is a real problem. Not a confected issue.
People in this age group spend twice as long on the unemployment queue. I want to use a little bit of incentive to help small business, perhaps give an older person a go. Let’s call it for what it is. We’re a bit quick in this modern age to write-off the experience of older people.
I think it’s a good initiative. We’re mindful of the issue of red tape. We won’t get bogged down in that. Do you know what happens right now to older people? They get sent to job interviews which are not appropriate, just so the job provider can tick a box and get a grant of money.
We’re fair dinkum. In terms of compared to 2016 which is the other party I’ll question, don’t ignore the Australian investment guarantee. A $3.3 billion baby which is great for business.
Did you know that if you invest, if we get elected that is, if you spend more than $20,000 investing in new technology which is productive and on a depreciation schedule, we’re going to give you 20% up-front extra.
If you buy a $100,000 unit for your factory or for your business, extra 20% can be written off day one. That means you get money back for your investment. It’s estimated that this will enhance wages and it will enhance employment.
So if you look, rather than just cherry picking one program which we announced, which is as good one all on its own, and you put together what we’re doing, we are doing more for small business than the Government.