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 suggested changes to JobKeeper: (Australian)
allow businesses which are part of larger groups to meet a 30% reduction threshold, rather than 50%
allow ATO Commissioner discretion to extend payments to businesses with lower margins.
HECS creator Bruce Chapman and other economists suggest HECs-style business loans to deal with ongoing crisis. (SMH)
NSW Tourism Minister Ayres is demanding all state borders be re-opened from July 1 to boost domestic tourism. (Australian)
House prices could drop 32% in the event of persistent economic slump, according to Commbank. (SMH)
Survey estimates 70 per cent of non-frontline public servants are working from home. Victorian public service chief Chris Eccles has asked public servants whether ‘we need to make it more conventional, rather than an exception.’ (AFR)
House of Reps Economics Committee meets today (9.30am). Witnesses: Industry Super Australia, ME Bank
WHO warns Covid-19 may never be eradicated. (Washington Post)
