House debates

Tuesday, 1 September 2020

Questions without Notice

COVID-19: Small Business

2:48 pm

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

The harsh reality of COVID-19 is that it has had a significant impact on small businesses right around the country. We all know that small business owners are often the ones who are first into their office or into their shop and they're the last to leave. They work at the front of the office or the shop and they work at the back office. They have received unprecedented support from the Morrison government through this crisis and that support has been very varied. It's been through the JobKeeper payment, which has helped support their workers keep a job through this crisis; it's been through the cash flow boost, which has helped meet their working capital requirements through this crisis and it's been through the SME loan guarantee. And right now more than 17½ thousand businesses are benefitting from our government's partnership with the banks.

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