The Coalition Government has delivered record jobs growth over the past five years – over one million more people are in work thanks to our focus on keeping the economy strong, and we intend to keep up the momentum on providing sound economic management.
As the new minister in this role, I want to focus both on the unemployed and the employed. Our government believes the best form of welfare is providing every Australian with the chance to get a job.
I want to help create opportunities for all Australians to work regardless of where they live and what qualifications they have so that those who want a job can get a job.
This means jobs not just in the cities but also in our vital regions.
A job means more than a pay check. A job brings self-esteem, experience, confidence and it creates opportunity. And for the Government each new job created is a virtuous circle because it also helps reduce our welfare bill and increases our tax revenues so we can continue to provide the essential services that Australians rely on.
I also want to focus on the jobs that people create for themselves and for others in small business.
Working alongside Scott Morrison in Treasury, I have been part of the economics team whose main focus has been on economic growth, investment and jobs.
I am also pleased that the important area of Industrial Relations is back in Cabinet. A productive and flexible workforce is a key plank in building a stronger economy. But more importantly, creating the framework for a productive working environment between employers and employees is critical for our nation to grow and prosper.
I am delighted that I am continuing in my role as Minister for Women.
I want to thank everyone who I worked with in my role as Minister for Revenue and Financial Services, especially the Department of Treasury, the Australian Taxation Office, the Inspector General of Taxation, the Australian Securities and Investments Commission and the Australian Prudential Regulation Authority.
I also want to thank the Australian Public Service Commission for their work in my previous role as Minister Assisting the Prime Minister for the Public Service.
Importantly, I want to thank my dedicated team who have worked so hard with me in my capacity as Minister for Revenue and Financial Services to deliver important reforms including:
- New laws that will make superannuation funds more accountable, transparent and conflict free.
- Legislation that will protect the money that people have in their superannuation accounts from being ripped off by high fees and insurance premiums they don’t know about or don’t need.
- New laws that will proactively reunite people with $6 billion of their own superannuation money through the ATO.
- A comprehensive package to ensure that workers receive their full Superannuation Guarantee entitlements and are not short-changed by unscrupulous employers.
- Measures to help all Australians, including women and small business people, make concessional superannuation contributions and catch up on their superannuation balances.
- Establishing the Australian Financial Complaints Authority – a one-stop-shop for consumers and small businesses who are seeking binding compensation from banks and other financial institutions.
- Reforms to lift the professional, education and ethical standards of financial advisers, including the establishment of the Financial Adviser Standards and Ethics Authority.
- Cracking down on multinational tax avoidance and the black economy which has delivered billions of dollars back to the Australian people.
- Established the Serious Financial Crimes Taskforce recommendations to tackle serial tax avoiders including bikie gangs, drug dealers and terrorists financiers.
- Tax cuts for small and medium sized businesses.
- Simplified and provided tax relief to hard working Australians so that 94 per cent of Australians will pay a personal income tax rate of no more than 32.5 per cent.
- Whistleblower reforms to protect people who report on corporate and tax misconduct.
- New package of reforms to target phoenix companies that rip off workers, suppliers and the Australian taxpayer.
In the coming days, I will reach out to stakeholders in my new portfolio to learn about their experience in using existing government programs to create and sustain jobs and opportunities.