Senate debates

Tuesday, 10 November 2020

Bills

Economic Recovery Package (JobMaker Hiring Credit) Amendment Bill 2020; In Committee

1:02 pm

Photo of Simon BirminghamSimon Birmingham (SA, Liberal Party, Minister for Trade) Share this | Hansard source

Yes, all elements of the government's budget modelling have taken into account the fact that JobKeeper is scheduled to conclude at the end of March. There is the conclusion of JobKeeper, but there is the start-up not only of this measure but also of a number of the tax measures announced in the budget that are intended to provide additional incentive for investment and are all designed to help with that transition. As I referenced before, we've seen more than 460,000 jobs come back over recent months, as parts of the country, including Tasmania, have started to reopen. That reopening phase is obviously ongoing, particularly in terms of borders and access to support for other industry sectors. This is seen, as we move from the pandemic period of support, which has basically been universal, into the phases beyond, where we target the identified problems that exist, whilst also trying to stimulate more business activity—be that in terms of investment as well as in terms of hiring and tackling problems like youth unemployment that we know to be a likely or high-risk prolonged problem.

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