ABN Group Managing Director Dale Alcock has today congratulated Scott Morrison and his team on winning the Federal Election and a third term in office.

“Scott Morrison’s promised initiatives and commitments specific to Western Australia will provide much needed confidence and stimulus to our State. This will importantly boost employment and economic activity in WA.

“It is vital these promises are delivered with urgency, as WA needs strong and sustained economic growth,” he said.

The win provides stability and certainty to the Australian community and to the housing industry, Mr Alcock said.

“For many older Australians, to know that there will be no change to the treatment of franking credits provides peace of mind and confidence.

“And for the many Australians who invest in the housing market, the certainty that there will be no change to negative gearing, will provide much needed stability and confidence,” he said.

The Coalition’s 5 per cent home deposit loan scheme will deliver the dream of home ownership to many young Australians, Mr Alcock said.

“The scheme should be applauded, however should not be limited to only 10 000,” he said.

As Australia’s largest private employer of building apprentices, through the ABN Training, Mr Alcock also commended the Coalition for the promise of additional support and funding for building industry apprenticeship training.

“Importantly this must include funding for construction trades in Western Australia,” Mr Alcock said.

“There is concern this funding may exclude construction apprentices in WA, given the establishment of the Construction Training Fund in WA. Should the Federal Government’s training boost not be made available for building industry apprentices in WA it would be grossly unfair.

“The CTF is funded by people who are building a new home in WA. They are the same people who are also paying their taxes, from which the additional apprentice incentives will be drawn.

The additional support will allow us to commit to training more young West Australians,” Mr Alcock said.

Media Release date: 19 May, 2019