Senate debates

Monday, 23 March 2020

Bills

Assistance for Severely Affected Regions (Special Appropriation) (Coronavirus Economic Response Package) Bill 2020, Structured Finance Support (Coronavirus Economic Response Package) Bill 2020, Appropriation (Coronavirus Economic Response Package) Bill (No. 1) 2019-2020, Appropriation (Coronavirus Economic Response Package) Bill (No. 2) 2019-2020, Boosting Cash Flow for Employers (Coronavirus Economic Response Package) Bill 2020; In Committee

8:41 pm

Photo of Anne RustonAnne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

Subject to the passage of this suite of bills, the access criteria will be largely dependent on the income test. If the individual meets the income test and can demonstrate that they have had a loss of income that takes them below that threshold, they will be eligible for the payment. We will be waiving a number of things and that will expand the eligibility. That includes: the one-week waiting period; the liquid assets waiting period, which relates to the $5,500 cash limit; and also the assets test, which is focused on sole traders and small businesses so that they are able to retain the assets of their business in the hope that, once they get through this crisis, they will be able to return to their businesses.

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