Published: July 18, 2020
Government now has capacity to ‘tweak’ some elements of rapidly implemented scheme, Mathias Cormann says
The finance minister Mathias Cormann has indicated the jobkeeper wage subsidy will be extended after September but in a different form, hinting on Sunday it may evolve beyond a single flat payment, and will be targeted to businesses that “genuinely need it”.
Cormann told Sky News the government would use an economic statement this week to move the country sequentially to a “new normal”, recognising that some businesses were starting to recover from the economic shock of the pandemic and some were not.
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