Federal government is reluctant to overhaul JobKeeper, according to AFR. Minister Cormann has rejected truncating the time frame: ‘It is a six-month programme, it will remain in place for six months.’ Government source says ALP plan to reduce ‘overpay’ would be complicated, take six weeks to implement and not be worth it. AIG has
Treasurer Frydenberg has tested negative for Covid-19. (He was tested after coughing fit in Parliament yesterday) Fears of trade war with China, after they banned meat imports from four Australian abattoirs. (SMH) Trade Minister Birmingham seeking urgent talks with Chinese counterpart. Dairy and wine industries worried that they might be next in line. Senate
Parliament resumes today. Treasurer Frydenberg will deliver an economic update at noon, warning ‘there is no money tree. What we borrow today, we must pay back in the future.’ the Treasurer will say that fulfilling the three stage restrictions will generate $9.4b activity per month, but that if states retreat the costs will be
National Cabinet agrees to aim for returning to work in July: When they meet on Friday they will lift restrictions in three stages with aim of establishing ‘a Covid-safe economy in July 2020.’ Each state will move at its own pace. National Cabinet agreed that SafeWorkAustralia would be single source of information on workplace
The suicide rate in Australia could increase by 50 per cent over the next five years due to economic social impacts of Covid-19, University of Sydney research finds. (Australian) PM in Facebook interview last night says of Covid-19: ’It won’t be eradicated. There will still be outbreaks.’ This is a shift from April, when the
Key economic related points from the PM’s conference yesterday 03/05/2020: Just over 1.5 million Australians have applied for JobSeeker – 900,000 claims have been processed in the past six weeks Unemployment is expected to rise to 10 per cent 650,000 businesses have applied for JobKeeper 950,000 Australians have requested early super access 340,000 businesses have
Building the Recovery: Investment in social housing will create jobs and improve social outcomes during the pandemic Today, national housing and homelessness leaders have called for an immediate employment-boosting investment to expand Australia’s social housing by 30,000 homes as the country experiences a wave of job losses due to COVID-19. National peak bodies, the Community
PM says National Cabinet will discuss the baseline restrictions in week beginning May 11. wants domestic travel opened soon, but international travel will remain restricted: ‘I can’t see international travel occurring anytime soon.’ (except for NZ) ‘government sources’ say May 11 week meeting may see restrictions limiting gatherings to two or three people lifted to
The community housing sector is facing new and unprecedented challenges as it navigates the complexities of operating during COVID19. Providers are under pressure to maintain their viability, protect and maintain workforce and manage risks to ensure essential services continue to those most in need. EY recently organised a webinar with a specialist panel to discuss
COVID-19: Update 29/04/2020 More on the story in NSW on a construction stimulus. Includes ‘fast tracking’ of developments including Ivanhoe Estate a public housing renewal project awarded to a consortium led by Frasers in August 2017. https://www.smh.com.au/politics/nsw/nsw-government-fast-tracks-key-projects-to-boost-economy-20200428-p54nx8.html The Anglicare rental snapshot will be published tomorrow Education Minister Dan Tehan is pressing private schools to return