House debates

Thursday, 3 September 2020

Questions without Notice

JobKeeper Payment

2:15 pm

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

The reality is he's not interested in this issue. We have 3½ million Australians who are receiving JobKeeper. The program has been costed at $101 billion and the program is tapering over time. Even the member for Rankin himself has said we should be looking at a kind of tapering.

Mr Albanese interjecting

The member for Grayndler interjects. This is what the member for Grayndler said on the Today show about JobKeeper:

… there will need to be some form of tapering off.

Karl Stefanovic asked the question of the member for Grayndler:

What does that look like?

The member for Grayndler replied:

What it will look like is going down over a period of time …

That is the reality of what is occurring with the expansion and the extension of JobKeeper. Originally legislated for six months, it's now going for an additional six months. At $1,500 currently, it goes to $1,200 in the December quarter and it goes down to $1,000 in the March quarter. The reality is this program is supporting millions of Australian workers right around the country. It's a remarkable program. It continues to do a remarkable job and it helps to keep Australians in work.

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