'Jobseeker package' to give businesses some confidence: CCIQ

Monday 30 March, 2020 | By: Faith Jarvis

Today’s announcement of a ‘Jobkeeper Package’ will help businesses retain staff said the Chamber of Commerce and Industry Queensland (CCIQ).

Prime Minister Scott Morrison and Federal Treasurer Josh Frydenberg today announced a new stimulus package worth $130 billion over six months aimed at supporting the jobs and livelihoods of an estimated 6 million Australians.  

CCIQ’s General Manager of Advocacy and Policy Amanda Rohan welcomed the announcement.

“We have been calling for a wage subsidy and are pleased to hear the details of this  ‘jobkeeper’ package today,” Ms Rohan said.

“The 6-month package will give businesses the confidence to plan their next steps, as well as offering some assistance to sole-traders.

 “It is particularly a strong package for some of our hardest-hit industries such as retail, tourism and hospitality, as it will go a long way in employees being retained to be ready to hit the ground running when they can get back to work.

“Of course, there is no blanket solution to this wide-reaching crisis. There will be many employees and sole-traders whose wage would far exceed this amount, and that may raise issues for some businesses to retain their staff. But of course, having a form of income for now will help.

“There still needs to be further rental relief, through tax benefits and reduced utility costs as that will go a long way with helping businesses manage their cash flow. We will be pushing the State and local governments to deliver more on that in the coming days,” Ms Rohan said.

 

Full details on today’s announcement can be found here: https://www.ato.gov.au/general/gen/JobKeeper-payment/

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