The Rudd Government has announced a $42 billion Nation Building and Jobs Plan to support jobs and invest in future long term economic growth.

Key measures funded by the Nation Building and Jobs Plan include:

• Free ceiling insulation for around 2.7 million Australian homes

• Build or upgrade a building in every one of Australia's 9,540 schools

• Build more than 20,000 new social and defence homes

• $950 one off cash payments to eligible families, single workers, students, drought effected farmers and others

• A temporary business investment tax break for small and general businesses buying eligible assets

• Significant increase in funding for local community infrastructure and local road projects

Building the Education Revolution:

• Build or upgrade large scale infrastructure, such as libraries and halls in every primary school, special school, and K-12s school in Australia.

• Build 500 new science laboratories and language learning centres in schools that can demonstrate need.

• Up to $200,000 to every Australian school for maintenance and renewal of school buildings.

Energy Efficient Homes:

• Installing ceiling insulation in 2.7 million Australian homes which will cut around $200 per year off the energy bills of these households

• Reduce greenhouse gas emissions by around 49.4 million tonnes by 2020, the equivalent of taking more than 1 million cars off the road

20,000 Social and Defence Homes

• Build 20,000 new social housing dwellings and 802 new houses for the Australian Defence Force.

• Urgent maintenance to upgrade around 2,500 vacant social houses

Small Businesses and General Business Tax Break

• A 30 cent in every dollar investment tax break for small and general businesses buying eligible assets.

Black Spots, Boom Gates, Regional Roads and Community Infrastructure

• 350 additional projects in the Black Spot Program and the installation of around 200 new boom gates at high risk rail crossings

• $650 million funding boost for local community infrastructure and maintenance on Australia's national highways

Immediate Stimulus to Support Jobs and Economic Growth

Targeted bonuses to low and middle income households will provide an immediate stimulus to the economy and support Australian jobs.

In conjunction with the payments delivered as part of the $10.4 billion Economic Security Strategy announced in October, these measures have been designed to assist those groups most affected by the flow-on effects of the global recession.

The five one off cash bonuses includes in the plan are the:

• Tax Bonus for Working Australians of up to $900 paid to every eligible Australian worker earning $100,000 or less. This will support up to 8.7 million individuals.
• $900 Single Income Family Bonus to support 1.5 million families with one main income earner.
• $950 Farmer's Hardship Bonus paid to around 21,500 drought affected farmers and farm dependent small business owners receiving exceptional circumstances related income support.
• $950 per child Back to School Bonus to support 2.8 million children from low- and middle-income families.
• $950 Training and Learning Bonus paid to students and people outside of the workforce returning to study to help with the costs of education and training.
• $42 billion Nation Building and Jobs Plan builds on the stimulus measures already in place to support economic activity and jobs.
• measures already implemented by the Rudd Government include the $10.4 billion Economic Security Strategy, the $300 million program to build local community infrastructure, the $15.2 billion COAG funding package and the Nation Building Package announced in December 2008.

Further Details

Australian Government Bonus Payments - details on the payments administered by Centrelink

Tax Bonus Payments - information on the payments administered by the Tax Office