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

The Treasury FOI says, 'The hiring credit does not create an incentive for an employer to replace an older worker with several new part-time workers.' The FOI goes on to say, 'The only situation in which the employer is better off is one which is unaffected by the availability of the hiring credit.' It's very clear that the hiring credit has a two-tier test: it's only for additional employees, and the payroll has to be above that which was previously paid by that particular employer.

The member for Rankin has form for falling flat on his face. He really does. He contradicted the head of the RBA by saying that the RBA was saying that the government has not done enough in the budget.

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