$270 million to accelerate med tech innovation

NSW will be at the forefront of cutting edge health treatments as part of a $270 million boost to biomedical research in the 2022-23 NSW Budget.
 
The funding for two new facilities – the Sydney Biomedical Accelerator Complex in Camperdown and the Viral Vector manufacturing facility at Westmead – will transform the industry and help develop treatments for rare, life-limiting diseases as part of the NSW Government’s commitment to driving world-leading health and research precincts.
 
Premier Dominic Perrottet said this was a significant investment in a growing industry that will help deliver what matters to make daily life better for the people of NSW.
 
“The NSW Government is committed to putting this state at the very forefront of innovative health care by continuing to invest in state-of-the-art health and research precincts,” Mr Perrottet said.
 
“This investment in biomedical technology will attract world-leading researchers, scientists and clinicians to our medical precincts, and we hope deliver breakthroughs that create a brighter future for people everywhere.”
 
The $270.3 million investment in the 2022-23 NSW Budget includes:

  • $143.3 million for the Sydney Biomedical Accelerator Complex over four years, a state-of-the-art biomedical research complex co-located at the Royal Prince Alfred Hospital and the University of Sydney;
  • $51.8 million over four years to accelerate NSW’s commercial scale viral vector products for both research and clinical trials purposes;
  • $49.6 million to build a commercially viable Viral Vector Manufacturing Facility (VVMF) which will manufacture viral vectors, essential components for most gene replacement therapies, and
  • $25.6 million for 2022-23 for innovative and lifesaving gene-based therapies such as CAR T-cell therapy.

Health Minister Brad Hazzard said expanding to commercial scale viral vector manufacturing will ensure faster access to life-saving therapies.

“These advanced therapeutics are cutting-edge and are offering new hope for remission and long-term survival for patients with rare, and previously untreatable, conditions,” Mr Hazzard said.
“It will also mean NSW patients have greater access to locally-based clinical trials and can receive highly innovative treatment options, to help ease the burden they face as they fight diseases which previously had very limited treatment options.”

Viral vectors are viruses that have their genetic material replaced by a genetic medicine. They are increasingly being used in the development of COVID-19 vaccines but are also vital in providing life-saving gene replacement therapies to patients such as CAR T-cell therapy.

Treasurer Matt Kean said the investment will establish NSW as a leader in this medical technology, as well as grow production capacity to support the demand for viral vectors in clinical trials.

“These investments will enhance NSW’s advanced bio-manufacturing presence and will help cultivate a dynamic ecosystem of innovation, education and research now and into the future,” Mr Kean said.

Minister for Science, Innovation and Technology Alister Henskens said this new investment is in addition to the $119.1 million being invested over 10 years into RNA research and development initiatives in the 2022-23 Budget, as well as the $95.8 million RNA Pilot Manufacturing Facility announced in October 2021.

“The gene therapy and cell therapy sectors are experiencing huge growth and this further investment in the industry will not only boost jobs for NSW but provide access to groundbreaking therapies and treatments as well,” Mr Henskens said.

The NSW Government has invested $25.6 million into medical and scientific innovation to help fight diseases in the 2022-23 NSW Budget.

The funding will support access to:

  • CAR T-cell therapy, which modifies a person’s own immune cells to attack their cancer. The therapy offers hope for remission and long-term survival for people with blood cancers;
  • Gene therapy for people with the genetic blinding eye disease, Retinitis Pigmentosa. This potentially sight-saving therapy is the first gene therapy to be publicly funded in Australia; and
  • Monoclonal antibody therapy for neuroblastoma. This therapy improves long-term outcomes for children with this type of cancer.

 
This Viral Vector Manufacturing Facility project located at the Westmead Health and Innovation Precinct is a collaboration between NSW Treasury, Investment NSW, and various NSW Health entities, including Health Infrastructure, Office of Health and Medical Research, Sydney Children’s Hospitals Network and with support from Children’s Medical Research Institute and Western Sydney Local Health District.

Home ownership help for key workers, single parents and older singles

Teachers, nurses, police, single parents and older singles will be helped to realise their dream of home ownership under a $780.4 million investment in a shared equity scheme to be trialled by the NSW Government.
 
Premier Dominic Perrottet said under the scheme, the NSW Government would contribute an equity share up to 40 per cent for a new property or up to 30 per cent for an existing property purchased by eligible buyers.
 
“One of the Government’s priorities is to make home ownership a reality for more people across our State and allow people to live closer to where they want to work, live and raise a family,” Mr Perrottet said.
 
“This Budget continues our focus on significant and important reform to create a brighter future for NSW families.
 
“We are continuing to invest in our people to transform our State as we embark on delivering what matters to make daily life better for people across our State.”
 
Treasurer Matt Kean said many older singles struggled to find secure housing, with the number of women aged over 55 among the fastest growing cohort of homeless people in the nation.
 
“Housing security is the bedrock of financial security,” Mr Kean said.
 
“A safe and secure home is fundamental to allow people to earn an income, care for their loved ones and pursue their own interests and aspirations.”
 
Minister for Homes Anthony Roberts said this scheme would not only help participants overcome the deposit barrier to home ownership, but reduce the size of their mortgage and its repayments.
 
“This scheme forms part of a broader housing package of $2.8 billion,” Mr Roberts said.
 
“It marks another step in the Government’s plan to ensure that every person in NSW has a place to call home.”
 
Under the NSW Government’s shared equity trial:

  • Up to 3,000 spots will be available each year for two financial years;
  • Key worker first home buyers who are nurses, teachers or police – as well as older singles over 50 and single parents with a child or children under 18 years old can apply;
  • Participants must have a maximum gross income of $90,000 for singles and $120,000 for couples;
  • Participants must have a minimum deposit of 2 per cent of the purchase price;
  • The Government will take a maximum equity contribution of 40 per cent for a new home and 30 per cent for an established home, and
  • The maximum value of the property that can be purchased under the scheme is $950,000 in Sydney and regional centres including the Central Coast, Illawarra, Lake Macquarie, Newcastle and the North Coast of NSW, and $600,000 in other parts of NSW.

The scheme is planned to begin in January 2023.

For more information visit https://nsw.gov.au/shared-equity-scheme

NSW Budget to boost women in small business

Women in small business will have access to free TAFE courses and professional advice thanks to $15 million over the next four years in the 2022-23 NSW Budget.
 
Treasurer Matt Kean said more than 95 per cent of businesses in NSW were small businesses, however only a third of these businesses are run by women.
 
“Many people dream of owning their own business, however we know that cultural and structural barriers like access to professional networks and capital can hold women back from taking the leap,” Mr Kean said.
 
“The NSW Budget is focused on giving women more opportunities for their future. That’s why we’re investing $15 million to help women translate their business ideas into reality.”
 
The 2022-23 NSW Budget will invest in the following programs over four years:

  • $3.5 million to provide fee-free TAFE NSW Women in Business courses
  • $2.0 million in grants to industry associations and chambers of commerce to run professional networking programs for women in small business
  • $5.0 million to expand the Business Connect program to provide dedicated services to women-led small business
  • $4.5 million for the Service NSW for Business program to provide targeted support for women-led small businesses.
  •  
    Minister for Women Bronnie Taylor said this investment is another fantastic example of the NSW Government supporting women-led small businesses.
     
    “From Ballina to Braidwood and everywhere in between, this package empowers women to start and grow their businesses, because we know when women succeed, NSW succeeds,” Mrs Taylor said.
     
    Minister for Skills and Training Alister Henskens said the fee-free TAFE courses will give women in small business access to a wide range of online learning topics and webinars, which can be studied anywhere, any time.
     
    “The Women in Business TAFE program will provide women in every corner of NSW with access to fee-free online training on how to start or build a business,” Mr Henskens said. 
     
    “More than 15,000 women have already benefited from the program, and this investment will help support a pipeline of female-led start-ups to boost their budget and grow the economy.”
     
    Minister for Small Business Eleni Petinos said the Business Connect program will be expanded to provide dedicated services to women-led small businesses.
     
    “Since 2017, Business Connect has already helped more than 44,000 small businesses by providing them with personalised and tailored support to help them to start, adapt and grow their operations,” Ms Petinos said.
     
    “We’re expanding this program by providing a further $5 million over the next four years to women-led small businesses to upskill these leaders with the tools they want, whether it be marketing, social media, business planning, and digital literacy.”
     
    Minister for Customer Service and Digital Government Victor Dominello said the Service NSW for Business program will provide targeted support for women-led small businesses.
     
    “The Budget is expanding the Service for Business program to provide further funding to female-run small businesses to make their business journey easier. This includes access to our Business Concierges, Online Information Hub and Business Profile Digital Platform,” Mr Dominello said.

Securing before and after school care

Balancing work and life for families will become easier thanks to a $37.9 million investment in before and after school care services announced in the 2022-23 NSW Budget.
 
The NSW Government is investing $16.2 million in transport grants to connect students to a service if one is not available nearby. The government will also ensure there are viable before and after school care options for families in areas with no current services through a $20.2 million package.
 
Deputy Premier and Minister for Regional NSW Paul Toole said accessing before and after school care services in regional NSW was crucial for parents juggling work and family commitments.
 
“Gone are the days of the 9 to 5, so this funding will be crucial to ensure parents in regional communities have access to more flexible childcare services,” Mr Toole said.
 
Treasurer Matt Kean said this funding will support both parents balance work and family.
 
“We know that working families are impacted by a lack of before and after school care services, and that this often has a flow-on impact to parents participating in the workplace,” Mr Kean said.
 
“That’s why investments like these are so important to give parents more flexibility in their day.”
 
Minister for Education and Early Learning Sarah Mitchell said this investment will support the NSW Government’s commitment to ensure that all parents with public primary school students have access to before and after school care if they need it.
 
“Great before and after school care services deliver an essential service to communities and young children, providing a safe place to play and socialize,” Ms Mitchell said.
 
“This funding is in addition to the existing $235 million commitment to help support and grow the before and after school care sector to improve access and affordability for NSW families.”
 
The BASC package includes:

  • More than $20 million to expand BASC provision in regional schools
  • More than $16 million for grants to improve transport services to BASC services

Fraudulent pharmacist sentenced to six years’ prison

A former NSW pharmacist has been sentenced to more than six years’ imprisonment for his role in conspiring to defraud taxpayers more than $19 million through falsely claiming benefits under the Pharmaceutical Benefits Scheme (PBS).

The former pharmacist was sentenced before the Sydney Downing Centre District Court (17 June 2022) to six years and four months imprisonment, with a non-parole period of four years. In April 2021 a jury found the man guilty of conspiring to defraud the Commonwealth. He had been remanded in custody since that time.

The sentencing outcome shows the serious consequences of attempts by trusted health providers to defraud taxpayers.

This is the culmination of the strong collaboration between the Department of Health, the Australian Federal Police and the Commonwealth Director of Public Prosecutions, using information received via the Department’s tip-off hotline.

The Department of Health takes allegations of fraud and non-compliance by health providers very seriously.

We recognise that the overwhelming majority of health providers are aware of and comply with their obligations to claim benefits honestly and correctly.

The Department has a strong health provider compliance program that protects the integrity of Australia’s health payments system through the prevention, identification and treatment of incorrect claiming and fraud.

Anyone with information about suspected non-compliance or fraud of Government health payments by health providers can make a report via the “Reporting Fraud” page on the Department of Health’s website at www.health.gov.au/fraud-tip-offs or by calling the Provider Benefits Integrity Hotline on 1800 314 808.

Joint commitment to transform early education

Today we embark on the greatest transformation of early education in a generation.
 
A long-term policy commitment that will change lives.
 
It will mean that, in the next 10 years, every child in Victoria and NSW will experience the benefits of a full year of play-based learning before their first year of school.
 
A year dedicated to growing and learning, new friends and new experiences. A year devoted to helping our kids be the very best they can be. Giving them the skills they need for school, but just as importantly, the skills they need for life.
 
At the same time, it will benefit hundreds of thousands of working families.
 
Helping more mums and dads return to work on terms that work for them.
 
Building a system that works for women, not against them.
 
It means a brighter future for our kids – and their families too.
 
And two great states working together to deliver it.
 
This won’t be a short-term fix, or a temporary solution.
 
Instead, it will take years of collaborative, hard work to get it right.
 
Really, it’s an investment in children, some of whom are yet to be born.
 
We begin today by planting the seeds, knowing the benefits won’t be known for years to come. But knowing they’ll be shared by everyone.
 
An investment in our children’s tomorrow. An investment in ours too.
 
And a commitment co-authored, because simply: our kids deserve nothing less.

$883 million more reasons to work in the bush

The NSW Government will implement a major regional health workforce incentive scheme in the largest shakeup of its kind ever undertaken in the state.
 
The scheme will be delivered alongside new training and recruitment pathways to build a pipeline of regionally based workers and futureproof healthcare in the bush.
 
Deputy Premier and Minister for Regional NSW Paul Toole said $883 million will be spent over the next four years to attract and retain staff in rural and regional NSW by transforming the way health clinicians are incentivised in the bush.
 
“This package delivers on the NSW Government’s commitment to strengthen the regional health workforce, ensuring that more than three million people who live, work and play in rural and regional NSW continue to have access to high quality healthcare well into the future,” Mr Toole said.
 
“These incentive packages will be tailored to not only attract more clinicians to these services but help retain those hard working staff and encourage them to put down roots.”
 
The package will target critical and hard to fill roles to ensure the operation of regional health facilities, including nurses and midwives, paramedics, pathologists and scientific staff, pharmacists and allied health professionals, as well as support and ancillary staff.
 
Minister for Regional Health Bronnie Taylor said the package will be used to deliver innovative, bespoke incentives for staff so they move to or stay in regional NSW.  

“Hard-to-fill, critical roles in rural and remote locations can be incentivised by offering health workers recruitment and retention incentive packages worth up to $10,000 per year plus assistance with accommodation and relocation and some other non-financial incentives,” Mrs Taylor said.
 
Incentives can include a range of benefits, such as salary boost, sign on bonuses, retention payments, additional leave, assistance with childcare expenses, assistance with transport and housing support, and access to training and education.
In addition to the incentives package, a range of targeted measures are being funded which will support the NSW Government in building a pipeline of future nurses, doctors and other clinical staff who are based in the bush and have the skills, confidence and expertise needed to work in regional health care facilities.
 
Mrs Taylor said one of these measures is the expansion of training positions for nurse practitioner roles in rural locations that struggle to attract doctors.
 
“These are highly skilled nursing professionals that can operate autonomously in complex clinical settings. The expansion of these training positions will see people in rural NSW receiving the highest level of quality care and a brighter future in terms of health outcomes,” Mrs Taylor said.
 
The $883 million investment will include funding for:

  • Tailored incentive programs for healthcare staff to take up and retain positions in regional, rural and remote NSW – which can include a tailored incentive package of up to $10,000 plus additional leave, relocation reimbursement, professional development and study assistance;
  • Increased training positions for nursing graduates, nurse practitioners and medical interns;
  • Expanding rural generalist and procedural training positions;
  • Career development and secondment opportunities for healthcare workers based in regional, rural and remote NSW, including for those based in metropolitan areas to ‘try out’ working in regional NSW;
  • Increased numbers of Aboriginal nurse cadetships, and
  • HECS incentive package for allied health professionals.

Treasurer Matt Kean said the rural and regional workforce boost forms part of the NSW Government’s overall record $4.5 billion investment in more than 10,000 health staff.

“We believe that access to the best quality healthcare shouldn’t be a postcode lottery. That’s why we’re recruiting 10,148 full-time equivalent staff right across NSW over the four years in what is the nation’s largest-ever health workforce boost, and 3,800 of these positions will be in regional areas,” Mr Kean said.

NSW to introduce universal pre-kindergarten

NSW will launch one of the biggest education reforms in a generation, starting with the introduction of a universal pre-Kindergarten year of education. 

The 2022/23 NSW Budget will set aside more than $5.8 billion over 10 years to introduce universal pre-Kindergarten for all children in NSW by 2030.  

Premier Dominic Perrottet said the huge investment in families was on a scale never seen before in Australia.  

“This is incredible reform that will change lives and deliver enormous educational benefits for children across the state, securing a brighter future for NSW families,” Mr Perrottet said. 

“We’re ensuring our youngest learners thrive by introducing a full year of preschool education before Kindergarten, as we know how important it is to have a strong educational foundation.” 

NSW Treasurer Matt Kean said that children who receive quality early childhood education are more likely to get better results at school and earn more across their lifetime.  

“This Budget is all about investing in a better future, and setting our kids up for success is priceless,” Mr Kean said. 

“This reform will deliver intergenerational results for our kids and our economy.”  

The NSW Government will consult with families, peak bodies and service providers to create the best model for the new, universal pre-Kindergarten year for all children in NSW.  

Minister for Education and Early Learning Sarah Mitchell said the evidence is clear that providing the best education starts in the early years.

“Universal pre-Kindergarten will give every child in NSW access to a specialised year of play-based learning, smoothing their transition to school and solidifying their path to a brighter future,” Ms Mitchell said. 

“Universal pre-Kindergarten is something I have been working hard to bring to NSW for a number of years, having seen the benefits of it for children and families in countries like Canada. It is so exciting to know that in NSW we will soon be unleashing the power of universal pre-Kindergarten.” 

This transformational new year of preschool education will not just build on the other commitments of this budget but will also change and improve, with the help of parents, educators, services and stakeholders, how children enter and prepare for school. 

Jobs boom with record participation rate

Employment in NSW grew by 61,900 full-time jobs in May and the participation rate increased to a record high of 66.2 per cent according to the latest data from the ABS.
 
Employment across the State is now 133,000 above the pre-COVID level and more than 90,000 above the pre-Delta peak.
 
Treasurer Matt Kean said today’s results were very positive for the State with the participation rate jumping by 1 percentage point, now sitting 0.9 percentage points above pre-COVID levels (Feb 2020).
 
“Employment growth is booming in NSW and we’re seeing record participation rates, well above pre-pandemic levels, and this is no fluke. Our nation-leading response to the pandemic helped families and businesses across the State with more than $47 billion in support since March 2020,” Mr Kean said.
 
“Our record participation in the NSW workforce is being driven by the continuing rise in female participation which is now at record levels.”
 
The female participation rate hit a record 61.9 per cent, well above the pre-COVID level of 60.2 per cent. The male participation rate rose by a strong 1.2 percentage points to 70.7 per cent, also above the pre-COVID levels.
 
The number of hours worked rose by 2.2 per cent in May, despite continued Omicron-related illness and an uptick in flu cases. Hours worked is now 2.7 per cent above December 2021 levels.
 
The large jump in participation meant that the unemployment rate rose 0.5 percentage points to 4.0 per cent in May, up from last month’s record low.
 
“The unemployment rate in NSW remains low and the number of hours people are working has seen a strong increase as we continue to recover from the impacts of the pandemic,” Mr Kean said.
 
“Month-on-month we’re reaping the benefits of the NSW Government’s strong economic management throughout the challenges of the pandemic and our recovery.”

$20 Million to Help Women Smash the Gyprock Ceiling

An ambition to triple the number of women working in the construction industry will be backed by a $20.2 million commitment in the NSW Government’s 2022-23 Budget.
 
Treasurer Matt Kean said the Government will lead the way with a goal of 15 per cent women in construction by 2030, with a view towards reaching a more gender-balanced industry into the future.
 
“The latest estimates show that skills shortages in the Australian construction industry could top 105,000 workers by 2023,” Mr Kean said.
 
“Increasing the number of women in the construction industry is essential to lower the gender pay gap and ensure we have the skilled workforce required to deliver the Government’s record $110.4 billion infrastructure pipeline.”
 
Minister for Infrastructure, Cities and Active Transport Rob Stokes said that women currently make up about 5% of the construction workforce and Infrastructure NSW would work closely with industry to reach the 2030 goal.
 
“Historic skills shortages coupled with the biggest infrastructure program our State has ever seen means there is no better time to support more women to pursue a career in the construction industry,” Mr Stokes said.
 
“This funding will go towards breaking down the cultural barriers that stop women from considering a career in construction and help them smash through the gyprock ceiling.”
 
Minister for Women’s Safety and the Prevention of Domestic and Sexual Violence Natalie Ward said the Government will work towards its 15 per cent goal by shifting the culture in construction and leading by example on its own worksites.
 
“We have to ensure women on construction sites have access to adequate, clean amenities, necessary personal protective equipment, that worksites are free of offensive materials and there are opportunities for more flexibility in working hours,” Mrs Ward said.
 
“Women employed in male-dominated environments are at greater risk of sexual and gender harassment compared with the national average, but this plan can help improve the experience of women in construction.”
 
Infrastructure NSW will continue to engage with stakeholders, building on the work already done by industry associations and trade unions. Funding will be used to sponsor innovative industry-led initiatives, and increase existing participation targets, skills and training initiatives.
 
The initiative is part of the NSW Government’s commitment to growing the economy and building opportunity for all.