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Big cheques and big spending needed to get 135,000 people into work
By Shane Wright
A $60 billion stimulus package including tax cuts and cheques of up to $1000 to low and middle income earners could stave off an "income cliff" and generate jobs for 135,000 people, new analysis highlighting the importance of next week's federal budget reveals.
Ahead of a fiscal blueprint Treasurer Josh Frydenberg has argued will boost aggregate demand across the country to bring down unemployment, research from two separate economic experts suggests the government will have to ramp up spending in the short term.
Modelling by consultancy firm EY, to be released on Tuesday, found spending $60 billion on reducing personal income taxes, boosting the JobSeeker payment and extra infrastructure projects over two years would cut the jobless rate by a full percentage point. That equates to an extra 135,000 people in work.
The government has committed itself to maintaining fiscal support for the economy until unemployment is comfortably below 6 per cent. It is currently 6.8 per cent, although Treasury and private sector analysts are expecting this to increase as more people re-enter the workforce.
NSW should consider changes to 4sqm rule: former Business Council head
The former president of the Business Council of Australia has said NSW should consider dropping its four-square-metre rule in favour of the two-square metre rule adopted in some other states.
In NSW, businesses such as restaurants and shops have their COVID-safe capacity set assigning each person in the space a four-square-metre bubble. However, in Western Australia and South Australia this requirement has been dropped to two-square-metre.
Tony Shepherd told 2GB's Ben Fordham this morning he thought the rule should be reviewed. "I think we need to have a look at it, as the numbers are down," he said, adding that he did believe any change would need to be slow and NSW's "cautious approach has paid off".
"You progressively reduce the restrictions and you see how you go, and if there's a problem you jump on it and you analyse it and you might look at that restriction coming back again," he suggested.
In the past, Premier Gladys Berejiklian has said she does not want to "go backwards" on restrictions.
Largely, the Premier has achieved this, although at the time of the Crossroads Hotel outbreak NSW tightened restrictions on restaurants and pubs by restricting group bookings to 10 people.
Men on capsized boat found to be 5km from home
By Rachael Dexter
Three men are set to cop $1652 COVID-19 fines after an ill-fated boating trip in waters off Melbourne last night.
Victoria Police were called after their boat capsized near Altona Pier in the city's west just before 8pm last night.
The three men were safe and able to stand in the shallow waters, but were unable to get back to shore without help.
Police had to use a helicopter to rescue the men and bring them back to shore uninjured.
While last night marked Melbourne's first since the 9pm to 5am curfew lifted, the 5 kilometre radius rule restricting Melburnians from travelling outside their neighbourhoods without a valid reason remains in place.
The men were all found to be more than five kilometres from home, and are expected to be fined today.
'I felt like a small child': Melburnians' mixed reactions to curfew's end
By Carolyn Webb
The public’s reaction to Melbourne’s 9pm to 5am curfew being lifted has ranged from the excited to the indifferent.
While some revelled in the chance to walk the dog late at night, others said they couldn’t yet visit friends or travel outside a five-kilometre radius of their house, so they didn’t feel anything had changed.
South Melbourne IT worker and night owl Bruce Freshwater said he felt "very happy" that he could resume his pre-curfew routine of cycling 30 kilometres in multiple laps of Albert Park Lake after 10pm, three or four times per week.
Mr Freshwater, 47, who has been working from home since March, said after his gym and pool closed, he took up cycling, going out for an hour from as late at 10pm. "It’s quiet, there’s no one around, no dogs, no children, no crowds to worry about," he said.
ADF sent to WA to assist with virus ship
Australian Defence Force personnel will be deployed to Port Hedland to deal with a growing cluster in crew members from an iron ore ship off the coast.
Eight more crew of the Patricia Oldendorff tested positive to COVID-19 on Monday. The group, who are all in hotel quarantine, will be included in today's figures.
The new cases mean 17 of the ship's 21 crew members have tested positive. Seven of the cases have remained on the ship as essential crew.
Today's front pages
Here are the coronavirus stories making news on the front pages of The Sydney Morning Herald and The Age this morning.
India passes 6 million cases
India's confirmed coronavirus tally has reached 6 million, keeping the country second to the US in number of reported cases, AP reports.
The Health Ministry reported on Monday 82,170 new coronavirus cases in the past 24 hours, driving the overall total to 6,074,703. At least 1039 deaths were recorded in the same period, taking total fatalities up to 95,542.
New infections in India are currently being reported faster than anywhere else in the world. The world's second-most populous country is expected to become the pandemic's worst-hit country in coming weeks, surpassing the US, where more than 7.1 million infections have been reported.
In the past week, nearly one in every three new infections reported in the world and one in every five reported coronavirus deaths were in India, according to data from Johns Hopkins University.
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2020-09-28 21:29:00Z
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