Senate debates

Wednesday, 7 October 2020

Regulations and Determinations

Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020; Disallowance

7:06 pm

Photo of Richard ColbeckRichard Colbeck (Tasmania, Liberal Party, Minister for Aged Care and Senior Australians) Share this | Hansard source

The JobKeeper payment has been instrumental in supporting job retention and maintaining employment links and business cash flow as well as providing income support to eligible employees. This extension will provide further support to significantly impacted businesses so more Australians can retain their jobs and continue to earn an income. As the economy reopens, the payment will be tapered in the December and March quarters to encourage businesses to adjust to the new environment, supporting a gradual transition to economic recovery while ensuring that those businesses who most need support continue to receive it.

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