Hills to Hawkesbury Living Magazine - - Local Politicians Say - by Ray Wil­liams MP

Un­em­ploy­ment in NSW has fallen to a four-year low, with ABS fig­ures once again con­firm­ing that the State has the strong­est jobs mar­ket in the na­tion. The NSW un­em­ploy­ment rate is the low­est in the na­tion, fall­ing 0.1 per cent to 4.9 per cent in Septem­ber. The re­sult is well below the na­tional re­sult of 5.6 per cent. Ex­clud­ing NSW, the un­em­ploy­ment rate for the rest of Aus­tralia is 5.9 per cent. To achieve a four-year low is yet an­other ex­cep­tional re­sult for the State’s strong jobs mar­ket. In fact, it has been al­most 15 years since NSW’s un­em­ploy­ment rate has been this far below the rest of Aus­tralia. The of­fi­cial data, re­leased to­day, showed that for 16 con­sec­u­tive months NSW has had the low­est un­em­ploy­ment rate of all states. The state with the sec­ond low­est un­em­ploy­ment re­sult was Vic­to­ria, where the rate rose to 5.7 per cent. In the 12 months to Septem­ber 68,900 new jobs were added in NSW, with em­ploy­ment grow­ing at 1.8 per cent – faster than the na­tional rate of 1.4 per cent. The NSW Govern­ment is in­vest­ing in qual­ity in­fra­struc­ture and ser­vices and this is con­tin­u­ing to de­liver strong re­sults for jobs and our econ­omy. NSW has the num­ber one econ­omy in the na­tion and that means great op­por­tu­ni­ties for em­ploy­ment and growth right across the State.


The NSW Govern­ment has achieved an­other out­stand­ing re­sult in its in­fra­struc­ture pro­gram, en­ter­ing into a bind­ing agree­ment with an all-Aus­tralian con­sor­tium for the par­tial lease of Aus­grid. The trans­ac­tion will de­liver $16.2 bil­lion to the State and will help fund crit­i­cal in­fra­struc­ture projects as part of our $20 bil­lion Re­build­ing NSW plan. This fol­lows our suc­cess­ful $10.258 bil­lion lease of Tran­sGrid. We promised at the elec­tion, our poles and wires trans­ac­tions are un­lock­ing bil­lions of dol­lars to fund new schools, hos­pi­tals, pub­lic trans­port and roads that will make a real dif­fer­ence to peo­ples’ lives. The suc­cess­ful Un­so­licited Pro­posal was by all-Aus­tralian firms, IFM In­vestors and Aus­tralianSu­per and was thor­oughly as­sessed by govern­ment agen­cies and fi­nan­cial ad­vis­ers, within the strictest pro­bity re­quire­ments. As this is an all-Aus­tralian con­sor­tium, there is no need to seek ap­proval from the For­eign In­vest­ment Re­view Board. IFM In­vestors is a global fund man­ager owned by 29 Aus­tralian su­per­an­nu­a­tion funds. Aus­tralianSu­per man­ages as­sets on be­half of more than two mil­lion mem­bers. One in 6 work­ing Aus­tralians is a mem­ber of Aus­tralianSu­per. The Price Com­mis­sioner, Pro­fes­sor Al­lan Fels AO, has signed off on the Aus­grid trans­ac­tion. The con­sor­tium has also signed the Elec­tric­ity Prices Guar­an­tee which con­firms to­tal Aus­grid net­work charges will be lower in 2019 than they were in 2014. The NSW Govern­ment will re­tain 49.6 per cent of Aus­grid and will have an on­go­ing role as the lessor of the busi­ness and an in­vestor.


50th Wed­ding An­niver­sary Mr Gor­don and Mrs Jan­ice Watts; Mr Ni­cholas and Mrs Ver­lie Behle­vanas 90th Birth­day - Mr Bruno Kan­na­muller

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