House debates

Wednesday, 11 August 2021

Questions without Notice

JobKeeper Payment

2:53 pm

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

the Manager of Opposition Business when he referred to the billions of dollars that were paid under JobKeeper, let me remind the honourable member that when Treasury did a review of JobKeeper it said:

It has been well targeted: the payment went to businesses that experienced an average decline in turnover in April of 37 per cent against the same month a year previous … and it went to businesses at which the job separation rate had doubled following the introduction of operating restrictions just before JobKeeper was introduced…

We put it in place for six months. We extended it at a taper rate for another six months. Those opposite continue to diminish the success of that program which has been part of Australia's remarkable economic recovery.

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