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PPL in mix as Australia’s G20 commitment

Posted on 01/31/2019 | in 深圳桑拿网 | by

Anyone thinking that Tony Abbott’s controversial paid parental leave scheme might fade into the night would be wrong.

深圳桑拿网

The prime minister’s signature policy is very much part of Australia’s commitment to help lift world growth over the next four years.

The G20 summit in Brisbane at the weekend agreed to an additional 2.1 per cent global growth target that would raise more than $2 trillion and create millions of jobs.

Treasurer Joe Hockey on Monday clarified that Australia’s contribution to the target is actually 1.2 per cent, according to an assessment by the International Monetary Fund.

“The biggest contributions actually come out of China and Korea,” he told Fairfax radio.

G20 members lodged more than 1000 commitments to beef up world growth.

In Australia’s case, Mr Hockey submitted a whole range of things, like the paid parental leave scheme, which will help to improve productivity and increase female work participation.

The coalition has taken the scheme to two federal elections, but still details of the plan remain vague other than about 3000 companies will be levied to pay for it.

The Labor opposition, business groups and even some within government oppose the scheme, which is due to start in July 2015.

Asked whether having submitted this to the G20, Australia was now locked into the scheme, Mr Hockey said: “We’re only locked in when parliament passes it.”

Other commitments include the government’s equally controversial $7 GP co-payment and university deregulation.

Shadow assistant treasurer Andrew Leigh says Labor will support anything that boosts growth but questions how the government is going to get there.

“If anyone can produce a serious economist who says that slapping on a GP tax or $100,000 degrees are going to make it easier for Australia to grow … I’d like to meet them,” he said.

Australian Industry Group chief executive Innes Willox said Mr Abbott and Mr Hockey were to be congratulated for their determination and success in giving this G20 meeting a strong economic focus.

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