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

knows all too well that the Australian economy dodged his $387 billion of higher taxes and is now in the midst of a once-in-a-century pandemic. He also knows that the government has committed 13.3 per cent of GDP, at $260 billion, in economic support, including a JobKeeper program that is supporting more than three million workers. He also knows that we have effectively doubled the safety net, with the jobseeker coronavirus supplement. He also knows that we have put in place a $30 billion cashflow boost, based on the size of the payroll of businesses to ensure that they can put that money to their fixed costs but also to their labour costs. He also knows that we put in place an extension of the instant asset write-off for businesses with a turnover of up to $500 million. And they can purchase assets as many times as they want of up to $150,000.

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