Budget will boost businesses and skills in electrical and building trades

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13 May 2015

Master Electricians Australia (MEA) today welcomed a range of business-friendly measures in the Federal Budget, saying they would boost confidence among small business owners and increase employment.

MEA Chief Executive Officer Malcolm Richards said the previously-announced small business tax cuts would give employers some much-needed breathing space.

And he said the new $20,000 instant write off for business purchases would allow electrical contractors and other building trades businesses to invest in the tools and equipment needed to keep their personnel safe and working efficiently.

“If you take the foot of Government off the throat of small business, you can instantly and significantly boost the economy,” Mr Richards said.

“That’s what we’ve seen in the Budget tonight, and I know that small business owners will respond positively.”

Mr Richards also welcomed a $6 billion commitment from the Federal Government to training and apprenticeships, underpinned by $664 million in funding for the Industry Skills Fund, to support more than 250,000 training places and support services including skills advice for micro, small and medium businesses.

From 1 July, the Australian Apprenticeships Support Network will work to match apprentices to their trade and their employer, and support them throughout their apprenticeship so they complete their training and go on to important work and careers.

More than 350,000 apprentices are to be supported through the Apprenticeships Network in the first year, at a cost of $200 million.  Around 78,000 employers are expected to also receive incentive payments in the first year to help with the costs of employing and training an apprentice.

The Budget also allocates $1.8 billion to TAFE, community colleges and private training providers, supporting more than 1.5 million students.

“Skills and training are the keys to the ongoing success of trades industries, so we welcome the Budget’s very strong commitment to this vital area,” Mr Richards said.

Malcolm Richards is available for interviews.
Contact SAS Media & Communications on 07 3171 2960 or 0467 792 013