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Small business groups want HECS-style loans after JobKeeper ends

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The Council of Small Business Organisations Australia is also backing the request, and Australian National University Professor Bruce Chapman, who designed the HECS student funding model, proposed using a similar scheme in March 2020 when the crisis hit for both businesses and individuals.

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However, new Treasury modelling points to a recovery in the economy, which could mean the federal government will be more comfortable reducing some of the support this year. The modelling shows economic activity will be 5 per cent higher in 2020-2021 and 4.5 per cent higher in 2021-2022 than it would’ve been without the record level of spending from the federal government. There has been $251 billion worth of economic support planned during the…



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