Senate debates Regulations and Determinations
Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020; Disallowance
Richard Colbeck Tasmania, Liberal Party, Minister for Aged Care and Senior Australians
7:06 pm
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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