House debates

Wednesday, 8 April 2020

Questions without Notice

JobKeeper Payment

2:41 pm

Photo of Josh FrydenbergJosh Frydenberg (Kooyong, Liberal Party, Treasurer) Share this | Hansard source

Universities and non-government schools, to help the honourable member, are being treated like other not-for-profits. They are eligible for the JobKeeper payment. However, those with an annual turnover—this would obviously be relevant to universities, not to non-government schools—of more than $1 billion will need to meet the threshold of 50 per cent and those with an annual turnover of less than $1 billion will need to meet the turnover threshold of 30 per cent. Charities other than universities and the non-government schools that are registered with the national regulator will be eligible for the JobKeeper payment if they have suffered a decline in turnover of 15 per cent. This reflects that at this particular time there is going to be a significant increase in the demand for such services.

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