Senate debates

Wednesday, 10 June 2020

Questions without Notice

COVID-19: Small Business

2:08 pm

Photo of Michaelia CashMichaelia Cash (WA, Liberal Party, Minister for Employment, Skills, Small and Family Business) Share this | Hansard source

As Senator McLachlan would be aware, the government has put in place a range of policies. They are targeted and proportionate measures to support both the economy and, of course, the backbone of the economy: small and family business. A total of $260 billion, equivalent to 13.3 per cent of our GDP, is being injected into the economy. This includes the JobKeeper payment, which will support around 3.5 million workers, maintaining a worker's important connection with their employer. Over half a million businesses are now accessing around $10 billion in assistance from the cash flow boost measure. Over 22,400 employers are being supported to retain almost 40,000 apprentices through our apprentice wage subsidy, and around 13½ thousand businesses are receiving around $1.3 billion in loans through the SME guarantee statement.

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