Connect with us

Melbourne News

Small business groups want HECS-style loans after JobKeeper ends




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.


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…

Click here to view the original article.

Continue Reading

You might also like ...

CCTV of Melbourne car crash at Chino & Co cafe shows pedestrian leap out of the way
Malka Leifer to face child sex abuse charges in Melbourne after successful extradition