Category: NSW News

The NSW Government is boosting funding for the state’s 20 women’s health centres in its first budget, delivering on its election commitment to improve access to healthcare for women.

The Minister for Health Ryan Park and the Minister for Women Jodie Harrison today announced the 2023–2024 NSW Budget will allocate an additional $34.3 million for the Women’s Health Centre Program over the next 4 years.

The state’s 20 women’s health centres provide tailored healthcare, supporting vulnerable women with their physical and mental health, sexual and reproductive health, as well as preventative classes, events and support groups.

The Women’s Health Centre Program provides face-to-face support to more than 50,000 women across NSW each year – predominantly vulnerable and at-risk women.

These centres are vital in providing a safe place for women who might otherwise fall through the cracks and are critical in removing barriers to health care by providing women the care they need in their own communities.

The new investment will mean centres are able to:

• increase staff numbers
• put downward pressure on waitlists for counselling appointments
• offer healthcare and counselling services to more women
• adapt services to emerging demographic trends and population growth
• adapt services to address the complexity of presenting health issues.

Locations with centres that will benefit include Hunter, Bankstown, Blacktown, Cumberland, Fairfield, Liverpool and Penrith, as well as the Central Coast, Illawarra, Lismore, Shoalhaven and South Coast.

The Minns Labor government is committed to rebuilding the essential health services our communities deserve and rebuilding an engaged, capable and supported workforce.

The Minns Labor government is making careful and responsible decisions to address the holes left in the budget by the former government so we can fund the healthcare services women rely on.

Minister for Health Ryan Park said:

“As Minister for Health it is one of my priorities to improve access and remove barriers women face in accessing healthcare services.

“We’re providing a safe space for women to access female healthcare workers who can provide inclusive and culturally appropriate care.

“Women’s Health Centres offer a number of different services, which we know have a really positive impact on health outcomes for women.

“This investment will ensure more women have access to these key health services across NSW.”

Minister for Women, Prevention of Domestic Violence and Sexual Assault Jodie Harrison said:

“The Women’s Health Centres are crucial to women’s health care, providing vital support to those escaping domestic and family violence, from lower socio-economic backgrounds and in regional and remote locations.

“They provide a welcoming environment which empower women by promoting their physical, mental and emotional wellbeing.

“The Minns Labor Government is delivering on our election commitment to the greater community, by supporting women’s health.”

Member for Summer Hill Jo Haylen said:

“This is an important commitment from the Minns Labor government that will see a welcome boost to women’s healthcare in the Inner West and across NSW.

“These centres are a crucial source of support and healthcare for so many women and I’m so pleased to be part of a government that cares and is ready to make worthy investments like this one.”

There will be a new way to get around Wollongong from the end of this month, with locals able to jump on a shared Neuron e-scooter, as part of a trial which is expected to run for 12 months.

The trial will begin on Friday 29 September and will allow riders 16 years and older to hop on an e-scooter on eligible roads and shared paths around the city.

The scooters are limited to a maximum of 20km/h on bicycle paths, or roads with a speed limit up to 50 km/h. For any shared paths that accommodate pedestrians, bicycles, prams and dog-walkers, a speed limit of 10km/h is in place. E-scooters are not permitted for use on footpaths.

Geofencing technology will also control where e-scooters are ridden and parked, and how fast they can travel in certain areas.

Currently, only e-scooters provided through a shared scheme are permitted for use in approved trial areas, privately owned e-scooters cannot be used in public areas. 

Riders will be able to unlock and use e-scooters by downloading Neuron’s app.

Find out more about the trial in Wollongonglaunch.

The e-scooter trial in Armidale also kicked off this week on Thursday the 7th of September.

Transport Minister Jo Haylen said: 

“E-scooters will offer an exciting new and sustainable way to get out and explore Wollongong and I look forward to finally kicking off a trial in the middle of one of our state’s major city centres.

“Transport for NSW and Wollongong Council have worked closely to ensure this trial will be safe, a useful new form of transport and importantly, will be a lot of fun!

“To stay safe while taking part in this trial, wear a helmet, follow the speed limits and don’t drink and ride – and we’ll have technology in place to make sure you follow those rules.”

Illawarra and South Coast Minister Ryan Park said: 

“Wollongong boasts an amazing array of shared paths around the CBD and along the coast. It is already a great place to get out and walk or bike ride and adding an extra option that is easy and sustainable will be a great addition for locals and tourists to explore our city.

“With this new mode of transport hitting pavements, we want to remind everyone to keep an extra eye out for e-scooters, check your blind spot regularly and leave a minimum distance of 1 metre when passing someone riding an e-scooter.”

Member for Wollongong Paul Scully said: 

“Wollongong is the best city in the world to ride a bike, so it’s the perfect place to trial e-scooters.

“Until now, e-scooters have only been trialled in parks and regional towns, Wollongong will be the first city in NSW to trial them as part of a real micro-mobility transport solution. You’ll be able to take one to work, to the beach or anywhere else within the trial zone.

Lord Mayor Gordon Bradbery AM said:

“Wollongong City Council is proud of the significant investment it has made in facilitating access right across the city to alternative transport options to cars.

“The introduction of E-scooters to the mix will provide people with another choice when it comes to leaving the car at home, and getting from A to B, and also a way for people to explore the city whether they’re tourists, or just enjoying their local area on an E-scooter.

“What is particularly exciting about this trial is that it isn’t just CBD focussed so you’ll be able to hire an E-scooter in Fairy Meadow and ride to Sandon Point and on the return trip wrap up in the CBD.

“It is a trial and community feedback will be key as the rollout progresses. We appreciate the introduction of E-scooters will be an adjustment to our transport network and we will be working closely with Transport for NSW and Neuron to ensure information about how and where to ride safely is made available to everyone.’’

Neuron Mobility, General Manager Jayden Bryant said: 

“We are delighted to have been chosen by Wollongong City Council to provide our e-scooters as part of the trial and thank them for their trust and support. E-scooters are really well suited to Wollongong and they will be a great way for locals as well as tourists to travel in a safe, convenient and environmentally-friendly way.

“Elsewhere in Australia, e-scooters are significantly reducing congestion and emissions while also helping to boost the local economy. Safety is our top priority, it dictates our e-scooter design and also the way we operate them. Our e-scooters are packed with a range of cutting-edge safety features and we know from experience in other cities that riders really appreciate this.”

The NSW Government is asking the community to consider fostering a child and help care for the state’s most vulnerable children.

During Foster and Kinship Care Week, the Government is highlighting the 15,000 children and young people in NSW in the child protection system, and the dire need for community action.

Without additional community support, more vulnerable children will end up in hotels and motels.

Foster care numbers plummeted under the former government, putting more pressure on a system that is already breaking at the seams; including a $280 million budget shortfall left by the former government, which risks vulnerable children being returned to unsafe situations.

Each year, 600 new foster carers are needed in NSW to take care of children who can’t live safely at home. Carers can be family members or foster carers, and come from a diverse range of backgrounds and all walks of life.

All carers receive training, support and an allowance to help them throughout their care journey.

Foster and Kinship Care Week provides an opportunity to thank the thousands of current foster and kinship carers across NSW who provide nurturing and stable homes for children and young people.

Dedicated carers:

• provide a safe, nurturing and secure home
• assist with children’s education, health, wellbeing and connection to culture
• create a homely environment, with birthday celebrations, sport and school drop offs.

To learn more about becoming a foster carer visit myforeverfamily.org.aulaunch.

Minister for Families and Communities, and Minister for Disability Inclusion, Kate Washington, said:

“There are amazing foster and kinship carers right across NSW, but we desperately need more.”

“Right now, there are vulnerable children who don’t have a safe place to call home.”

“This week is the perfect time to think about changing a child’s life by becoming an emergency, respite or longer term foster carer.”

CEO of Adopt Change operating My Forever Family NSW, Renée Carter said:

“We are honoured to be celebrating the incredible carer families in NSW who step up and provide safe, nurturing homes for children. Carers play a crucial role in providing security and warmth to a child when they are at their most vulnerable.”

“During Foster and Kinship Care Week celebrations, we’d love to see more community members who are considering becoming a carer to reach out and take the next steps. There are different types of foster care to suit your availability. You could be the special carer to make a difference in a child’s life through providing the stability that comes from having a safe place to sleep, space to play and support to learn.”

The NSW Government is investing a landmark $3 billion in the NSW Budget for new and upgraded hospitals across greater Western Sydney, one of the largest investments in Western Sydney health infrastructure in recent memory.

The 2023-24 NSW Budget includes an additional $400 million to build the $700 million Rouse Hill Hospital – the first brand new adult public hospital to be built in Western Sydney in more than 40 years.

The new Rouse Hill Hospital will include an emergency department, maternity services, ambulatory and outpatient care and medical imaging services.

The NSW Government has an ambitious agenda to rebuild essential services, including healthcare, that communities across greater Western Sydney rely on. 

That’s why the Budget also includes:

• $550 million for Fairfield Hospital, in its first major redevelopment since it opened in 1989.
• $350 million for Canterbury Hospital, in its first major redevelopment since 1998.
• $1.3 billion to build the Bankstown-Lidcombe Hospital on a new site, the first major investment since the two hospitals merged in 1997.
• $120 million for additional beds at Blacktown and Mt Druitt Hospitals.

Together, these landmark investments will deliver on the NSW Government’s pledge for 600 new hospital beds across greater Western Sydney. 

Hospitals across greater Western Sydney have been left overwhelmed and underfunded after 12 years of neglect by the Liberals and Nationals, including not permanently funding 1,112 nurses and midwives currently working in NSW hospitals.

Data from the Bureau of Health Information (BHI) shows almost 53,000 patients presented to emergency departments across the Western Sydney Local Health District in the April to June quarter, 2023.

The data also reveals these patients are facing long wait times in emergency departments, with just 42 percent of patients starting their treatment on time.

Addressing these challenges has been made more difficult by the state of the budget we inherited, with record debt, $90 billion worth of privatised assets and $7 billion in unfunded promises.

We can’t undo 12 years of Liberal and National neglect of our health system overnight – it will take time.

But we are undertaking a comprehensive suite of reforms to rebuild our health system.

These historic investments in new and upgraded hospitals in greater Western Sydney are possible because the NSW Government is making responsible decisions to repair the budget and reprioritise spending on essential services.

The NSW Government is setting out a long-term plan to repair the budget so we can deliver essential healthcare services for families across greater Western Sydney, reduce waiting times and improving access to timely, high-quality healthcare.

NSW Premier Chris Minns said:

“We were elected with a clear mandate to rebuild essential services and invest in our frontline workers.

“Our healthcare system has been under incredible pressure in recent years. Chronic underinvestment by the former Government didn’t help.

“The thousands of people moving into these growth areas every year deserve world class healthcare – which my government will deliver.

Minister for Western Sydney Prue Car said: 

“Western Sydney is the engine room for the state’s growth so it deserves a proportionate rate of investment in services. 

“After many years of false promises, this historic level of investment by the Minns Labor Government delivers what the community has been crying out for. 

“I’m proud to be part of a government that is delivering on such a scale for the region.”

Health Minister Ryan Park said:

“Families living across greater Western Sydney have a right to timely, equitable healthcare and they should have confidence in their local hospitals.”

“That’s why we’re committed to delivering the essential services our community deserves and expects all while building the healthcare infrastructure to meet the need of these growing communities into the future.

“This is all part of our ambitious and comprehensive plan to invest in the state’s healthcare system and support and increase our frontline healthcare workforce.”

The Minns Labor government will invest a record $3.5 billion over 4 years to deliver a massive pipeline of more than 60 new and upgraded public schools in Sydney’s rapidly growing western suburbs.

Labor’s investment in Western Sydney schools is $500 million higher than the former Liberal National government’s budget for the area.

The funding injection will ensure there are quality public schools for the city’s growing communities into the future.

The capital unlocked in this budget will fund the following new schools:

• new primary school near Sydney Olympic Park
• new high school for Wentworth Point
• new high school for Melrose Park
• new primary school for Gables
• new primary school for Melonba
• new high school for Melonba
• new primary school for Nirimba Fields
• new primary school for Tallawong
• new high school for Schofields and Tallawong
• new high school for Jordan Springs
• new primary school for Gregory Hills
• new high school for Gledswood Hills and Gregory Hills
• new high school for Leppington and Denham Court
• new high school for Edmondson Park
• new primary school for Liverpool (Gulyangarri Public School).

The Minns Labor government will also upgrade schools to deliver new facilities and address overcrowding.

Suburbs where schools will be upgraded include Austral, Cecil Hills, Condell Park, Dundas, Eagle Vale, Kingswood, Leppington, Northmead and The Ponds.

The delivery of these new and upgraded schools represents a key election commitment from the Minns Labor Government, which came to power with a mandate to fix the school infrastructure backlog in Sydney’s growth areas.

As part of its plan, the Minns government remains committed to building 9 schools promised but not started under the Liberal National government’s WestInvest scheme. 

The government is due to hand down the findings of its Enrolment Growth Audit later this year, which will ensure education is factored into future planning for the city and address the former government’s failures to provide local public schools in expanding suburban areas.

These essential infrastructure builds and upgrades can be funded because the Minns Labor government is making the difficult but responsible decisions with spending.

The Minns Labor government is setting out a long-term plan to gradually repair the budget in a sustainable way, to reprioritise spending to where it is needed most, and to rebuild the essential services that we all rely on.

And it will be done without privatising essential public assets or imposing an unfair cap on the wages of our essential service workers.

Premier Chris Minns said:

“Thousands of families moved into suburbs like Schofields, Tallawong, Nirimba Fields and The Ponds on the promise of local schools for their children, but the former government never delivered them.

“We were elected with a mandate to rebuild essential services – and there is nothing more essential than the education of the next generation of children.

“We are a government with a clear focus – managing our finances responsibly so we can provide support when you need it most and improve the essential services that we all rely on, now and into the future.”

Deputy Premier and Minister for Education Prue Car said:

“For years, Western Sydney’s rapidly growing communities have been crying out for more public schools for young families, but the previous Liberal National government chose to leave them behind.

“This Labor government understands how important it is for all young families to have access to a local public school, where children can get a high quality, education without a lengthy commute or expensive fees.

“We are not only building the schools that families need – we are ensuring those schools are properly staffed with qualified teachers who are appropriately paid, working to undo the former government’s erosion of pay and conditions that left NSW in a teacher shortage crisis.

“The Minns Labor government is making the careful and necessary decisions to address the holes left in the budget by the Liberals and ensure we fund the essential services people rely on. We are focusing on what people need most, and that’s essential services like high quality local schools.”

The NSW Minns Labor Government will not proceed with a costly rebuild of Willow Grove in Parramatta, following comments from Heritage experts that a rebuild would be an act of “fake heritage”.

The former Liberal Government demolished Willow Grove in late 2021, with the promise of rebuilding the heritage mansion at an alternative site.

It has now been revealed the former Liberal Government never allocated funds for the reconstruction.

The former government never resolved an alternative site.

Moving forward the Minns Labor Government has outlined three priorities to address the Parramatta community cultural and heritage needs:

1. Supporting the new Powerhouse Museum at Parramatta to appropriately engage with the heritage of their site.
2. Working with local community to consider the options to secure the Roxy Theatre for future generations. This includes developing a comprehensive Final Business Case for reactivating the venue.
3. Seek advice from the heritage and local community stakeholders the best way for the materials from Willow Grove to be used.

Minister for the Arts, John Graham said:

“It was a tragedy that Willow Grove was demolished, particularly against the community’s strong wishes to preserve it. However now that it’s been pulled down, it’s a terrible idea to try to rebuild it.

“More than that, the former government did not allocate funds or find a site for reconstruction, despite their promises that Willow Grove would be rebuilt.

“Given the heritage and broader community are strongly telling us that attempting to rebuild the beloved Willow Grove would be a bad use of taxpayer money – that it would be a “fake heritage” – and that there’s no money to do so, today we are drawing a line under this sorry saga. Willow Grove will not be rebuilt.

“The government will focus on heritage sites in Parramatta – such as the Roxy Theatre.

“Willow Grove had historical significance as a key site of female and First Nations history in the area, as well as an important site in the history of nursing and midwifery in NSW. Innovative and creative solutions should be found to honour those histories.

Background:

• Willow Grove was built between 1870 and 1880 and formerly sat at 34 Phillip Street, Parramatta. It was deconstructed to make way for the Powerhouse Parramatta, currently under construction and due to open in 2025.
• Community groups had long opposed the deconstruction of Willow Grove.
• In November 2021, the Willow Grove Community Reference Group was formed to work in partnership with community and stakeholder groups on the relocation and use of Willow Grove.
• April 2022, the National Trust withdrew from the Willow Grove Community Reference Group, citing concerns that the mansion could not be authentically reconstructed.
• Prior to deconstruction, the condition of Willow Grove was extensively recorded by Create NSW. Willow Grove was carefully catalogued, dismantled and all building elements safely placed into secure storage. The collection includes items of local heritage importance, including the slate roofing, windows, the front door, timber framing and stairs, the front fence and over 90 per cent of the original bricks.
• The Powerhouse Museum Parramatta has developed a heritage interpretation plan of the site.  This plan includes the development of collaborative projects with First Nations communities. In relation to Willow Grove the following interpretation work will be delivered;
• Sandstone– reinstatement of sandstone flooring from an original Willow Grove outhouse will be installed in the flooring of the undercroft. The sandstone flooring will be complemented by interpretive text panels outlining the history of the site including Willow Grove and its associated buildings.
• Object Stories– archaeological relics (bottles, plates, teapots) excavated in the area surrounding Willow Grove will be accessioned into the Powerhouse collection. Displays of these objects will be utilised in Powerhouse programming and they will be digitised on the Powerhouse website along with further information on their origins
• Mixed Use– Powerhouse will publish a book on the history of the Powerhouse Parramatta site. The book will tell the story of the site, its development and the people who inhabited it. This will include Willow Grove- its construction, uses and changes that occurred over time.  A series of oral histories will be recorded that will form an ongoing living archive that will be accessible online and through the Powerhouse Research Library.

The Minns Labor Government is once again claiming credit for the Coalition’s work, after it announced it will build ‘new’ schools in Western Sydney.
 
Opposition Leader Mark Speakman said Labor is reaping the rewards of the groundwork put in place by the Liberals and Nationals, with several of the schools already in the development stage.
 
“Most of these projects were only made possible by the planning and funding set aside by the former Government, but the Government is yet again trying to claim ideas that aren’t theirs,” Mr Speakman said.” 
 
“By the Government’s own admission, $3 billion of today’s announcement is from the last Budget delivered by the Liberals and Nationals. Proof of this includes the fact that construction began in 2022 for the new high school at Wentworth Point and work started at Gulyangarri Primary School in Liverpool before Labor was elected.”
 
“During our time in Government, the Liberals and Nationals delivered $9.1b in new and upgraded schools since 2017, with an additional $8.6b in the pipeline for future projects, so that is more than $17.7 billion worth of school infrastructure across the state.” 
 
In the Coalition’s 2022-23 Budget, money was allocated for the following schools in various stages of delivery:

• New high school for Wentworth Point
• New primary school for Gables
• New primary school for Melonba
• New high school for Melonba
• New primary school for Nirimba Fields
• New primary school for Tallawong
• New primary school for Gregory Hills
• New high school for Edmondson Park
• New primary school for Liverpool (Gulyangarri Public)

 
Shadow Education Minister Sarah Mitchell said today’s announcement lacks detail and transparency.
 
“To say we didn’t invest in school infrastructure is another blatant Labor lie, especially considering only $500m of their announcement is supposedly ‘new’ money”, Ms Mitchell said.
 
“The Government hasn’t said if this is new money or a redirection of existing funds in the Budget. The Government needs to be up front with families about what other projects might be on the chopping block and what other parts of the state will miss out to pay for any new commitments in Western Sydney.”

The NSW Government will slash the State’s net debt by more than $4 billion by beginning the overhaul of the controversial Transport Asset Holding Entity of NSW (TAHE).

The decision will be one of the biggest debt reduction measures in the upcoming state Budget. It is the first move in ending a long-running saga that has embroiled the State’s finances for years. 

Under the changes, the Government will convert TAHE into a non-commercial public non-financial corporation similar to Sydney Trains, NSW Trains and Venues NSW.

TAHE will no longer be a state-owned corporation (SOC). It will not have to make a profit from a public rail system that the government has subsidised for more than 100 years.

The new structure will see TAHE increase its focus on maximising the value of its transport assets, especially surplus land near railway stations that could be repurposed to help solve the State’s housing shortage.

The decision to begin the transition to the new operating model this year delivers on Labor’s election commitment to reform TAHE and eliminate billions of dollars of intra-government transactions, which were required under the previous operating model.

It was made after the Government received advice that a further $615 million in funding in 2023-24 was being sought by TAHE under contractual arrangements it has with the Public Rail Operators.

The changes will eliminate this funding requirement. It will also avoid the need for the general government sector to borrow more than $4 billion the former government intended for TAHE under the previous operating model.

Under the new model TAHE will continue to receive necessary funding to maintain a safe, reliable and sustainable network, without accounting trickery.

The Government anticipates the changes will have a budget result impact of negative $384 million over the budget and forward estimates, but interest savings alone on the debt avoided will offset this impact.

TAHE’s new operating model will be implemented in three phases:

• Phase 1: August to December 2023 – The Government will commence transitioning TAHE to not-for-profit status by taking administrative actions under the State Owned Corporations Act.
• Phase 2 – by December 2023 – The Government will introduce an initial wave of legislative changes to allow for the introduction of the new operating model.
• Phase 3 – By June 2024 – The Government will introduce further legislative changes to remove TAHE’s status as a SOC. The corporation will be renamed.  
• During the transition, TAHE will partially use its cash balances on hand and operating cash flow to fund its projects and activities, reducing reliance on grant funding.

The introduction of the new TAHE model is likely to see the reversal of the $20 billion write-down that occurred when TAHE began operating, as the State’s rail assets are revalued to reflect the new operating model.

The government will work with the Auditor-General to minimise any delay to the 2022/2023 Total State-Sector Accounts that might result.

Under the previous government:

• More than $5 billion in intra-government transactions were needed to prop up TAHE’s previous accounting treatment.
• A former Auditor-General, writing in the Sydney Morning Herald, labelled TAHE a ‘vehicle of deception’, which hid the true cost of operating the railways from the state’s accounts.
• The Legislative Council’s Public Accountability Committee found that the then NSW government failed to give proper consideration to safety, accountability and risk mitigations prior to creating TAHE.
• Millions of dollars were spent on consulting firms including PWC, KPMG and the Boston Consulting Group propping up the TAHE budget trick.

Treasure Daniel Mookhey said:

“We’re slashing the State’s net debt by more than $4 billion by fixing TAHE.

“This Government prefers to spend the public’s money fixing the state’s essential services, not propping up a budget con that went terribly wrong.

“We’re determined to bring an end to this saga. The State’s reputation for budget honesty was tarnished unnecessarily by the previous government’s decision to use TAHE to hide the true cost of operating the railways from the State’s accounts.”

The NSW Government has announced consultations will begin as it develops a new Critical Minerals and High-Tech Metals Strategy.

This strategy is a crucial document that provides the framework for the critical minerals and high-tech metals mining industry. The renewed strategy will provide certainty and direction for the industry as it continues to grow. It will include a sharper focus on domestic manufacturing, skills and training opportunities.

Ensuring a stable supply of critical minerals and high-tech elements is necessary to translate the state’s natural competitive advantage to economic growth and regional employment. Doing so will also safeguard the clean energy supply chain and sovereign capability.

The consultation on the NSW Critical Minerals and High-Tech Metals Strategy will canvass new opportunities to:

• Create more local jobs by encouraging domestic processing and manufacturing of products with significant critical minerals inputs like solar panels.
• Develop skills and training opportunities in the workforce to reinforce the state’s natural competitive advantages and the unique mix of deposits found in the state.
• Further encourage greenfield critical minerals exploration across the state, including through the release of geological survey data.
• Examine the economics of the industry and the best ways to leverage the government’s purchasing power to ensure investment growth.
• Create additional certainty for the industry and support NSW’s strong environmental, social and corporate governance (ESG) position.
• Attract investment for innovation, research and development in NSW.
• Entrench NSW’s role as a preferred supplier of critical minerals to global trading partners.

NSW has an abundance of critical minerals and high-tech metals, including 17 of the 26 nationally identified critical minerals.

Resources like copper, silver and scandium are abundant in NSW and are crucial components in the products that will ensure NSW realises its goal of net zero emissions by 2050.

Recognising the crucial role copper and silver play in electrification and decarbonisation, NSW will focus efforts on these commodities as part of the new strategy.

The NSW Government will conduct a series of consultation meetings with key stakeholders, including mining companies, industry representatives, investors and workers.

The consultation period will begin next week with submissions open until Friday 17 November 2023. The government will also host a stakeholder roundtable on the sidelines of the International Mining and Resources Conference (IMARC), which is being hosted in Sydney for the second time in October 2023.

More information on the critical minerals consultation process will be available on the Mining, Exploration and Geosciencelaunch website from next week.

Minister for Natural Resources Courtney Houssos said:

“I’m excited by the opportunities created by critical minerals in NSW. The new strategy will ensure the state is able to best realise the gains of the next mining boom.

“NSW is uniquely positioned to support global supply of critical minerals with our diverse mix of critical mineral and high-tech metal deposits and capacity to promote domestic processing and manufacturing.

“We will establish a clear framework on how the government can support the exploration and mining of critical minerals and high-tech metals in NSW.

“We will consider how boosted skills and training opportunities throughout the state can drive the industry. Critical minerals mining requires a skilled labour force and that means more, high-paying jobs for people in regional NSW.

“Our ability to leverage the state’s natural abundance of materials to create employment opportunities and economic growth will be the best measure of our success.”

CEO of SunDrive solar technology company Vince Allen said:

“NSW has the potential to become a world-leading manufacturer of products that leverage critical minerals and high-tech metals.

“With our breakthrough solar technology, SunDrive believes Australia can become a renewable energy manufacturing superpower.

“By building out a local solar manufacturing industry we can help shape the future of net zero for NSW, Australia, and the world.

“Promoting a strong supply of critical minerals – like the copper at the core of SunDrive’s technology – is crucial to realising this ambition.”

The Minns Labor Government will slash gross debt by more than $7 billion by suspending contributions to the NSW Generations Fund (NGF) this year, ahead of a major shakeup of the state’s fund management policies.

The new settings will be the largest single gross debt reduction measure proposed in the upcoming 2023-24 Budget. Interest payments are likely to fall by $1.1 billion over the forward estimates.  

The government is reviewing the way in which NSW’s investment funds are managed. This includes ending the previous government’s policy of using $25.3 billion of borrowed money to invest in international stock markets, bond markets and other financial assets.

It also means investigating more efficient management of the state’s other funds.

This second step will involve overhauling management of the state’s funds under management, totalling $108 billion. The government will task T-Corp with developing a reform to maximise NSW’s investment returns by initially consolidating 6 separate government funds, of around $43 billion, into a more cost-effective structure. 

The government’s new funds management strategy will be implemented in next year’s budget. This will assist the government in managing the impact of the new NGF settings on the state’s finances.   

The upcoming budget will also provide a more transparent picture of the state’s finances by providing further information about the budget result, excluding net investment returns from the NSW Generations Fund. 

The Minns Government’s new policy will begin to unwind the previous government’s risky practice of taking on more debt to repay debt. It also responds to the recent Upper House inquiry, which called for an overhaul of NGF policy settings.

Treasurer Daniel Mookhey said:  

“NSW is going to stop playing around in financial markets using its credit card. 

“The previous government was willing to risk $25.3 billion to improve the state’s net debt position by just $2 billion. I’m not.”

“This will be the biggest step we take to reduce the state’s gross debt in this year’s budget. It shows the government is carefully repairing the budget so we can fix NSW’s essential services. 

“Reforming the NGF will allow us to shake up how the state’s investment funds are managed. That is a reform opportunity we intend to take.”