House of Representatives

Household Stimulus Package Bill (No. 2) 2009

Second Reading Speech

Mr Albanese (Minister for Infrastructure, Transport, Regional Development and Local Government)

I move:

That this bill be now read a second time.

We are reintroducing this bill due to Senate obstruction and I refer to the minister's previous second reading speech on this bill.

This bill provides for amendments to various acts to deliver the Household Stimulus Package contained in the government's Nation Building and Jobs Plan.

The Household Stimulus Package includes key bonuses:

·
Single Income Family Bonus of $900 to eligible recipients
·
Back to School Bonus of $950 to eligible recipients
·
Training and Learning Bonus of $950 to eligible recipients
·
Farmer's Hardship Bonus of $950 to eligible recipients

These one-off bonuses are necessary to provide an immediate stimulus to the economy given the severity of the global downturn. It is a critical part of the government's National Building and Jobs Plan, which is why the government is reintroducing this legislation into the House.

Full details of the measures in this bill are contained in the explanatory memorandum.