Senate debates
Tuesday, 16 June 2020
Questions without Notice
Taxation
2:22 pm
Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source
I don't accept the premise of the question. The terms and conditions on which businesses can access support through the JobKeeper program are well known. For businesses with a turnover of less than $1 billion, it requires a 30 per cent drop in turnover. For businesses with a turnover of more than $1 billion, there is a bigger test, a higher test, a more difficult test. Indeed, they've got to demonstrate a 50 per cent drop in turnover. Again, I'm not going to talk about the specific affairs of individual businesses or individual taxpayers. That would be inappropriate. But, in the broad, the terms and conditions on which individual businesses can access that program, which has supported more than three million Australian workers, are, of course, the same for everyone.
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