Senate debates Bills

Coronavirus Economic Response Package (Jobkeeper Payments) Amendment Bill 2020; In Committee


Mathias Cormann

Mathias Cormann WA, Liberal Party, Vice-President of the Executive Council

1:19 pm

I reject that final assertion that, somehow, some businesses don't have to provide appropriate reports to the tax office. The issue that Senator Patrick raises relates to tax arrangements. ASIC has got no role in relation to the administration of the JobKeeper program—none whatsoever. This is a program that is appropriately administered through the ATO. The ATO has appropriate compliance arrangements in place—but, bear in mind, in the context of a program that was rolled out necessarily very quickly. We believe that we've got the balance right.

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