VERTO chief executive, Ron Maxwell, today welcomed the Federal Government’s commitment to youth unemployment in the 2016-2017 Federal Budget.
Mr. Maxwell said as a provider of employment services in the Central West region, VERTO recognised the importance of helping young job seekers to gain skills, experience and real work opportunities.
“Employment is integral to improving the lives of young people and their families, and to breaking transgenerational disadvantage,” Mr. Maxwell said.
“I welcome the Federal Government’s new investment of $751.7 million to assist young unemployed people to undertake pre-employment training and internships, and to further support employers throughadditional funding for wage subsidies.
“Given the youth unemployment rate in the Central West region is currently over 18 per cent, which is more than three times the national unemployment rate of 5.8 per cent, there is a clearly an urgent need for this additional funding,” Mr. Maxwell said.
Mr. Maxwell also welcomed the Federal Government’s measures to support small businesses by cutting the small company tax rate to 27.5 per cent from July 1, 2016.
“Tax concessions for small enterprise will drive economic growth and provide more employment opportunities across New South Wales.
“This will ensure more young people (including job seekers and apprentices) can gain work experience, undertake work-based training and build successful careers,” Mr. Maxwell said.
