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Treasurer Josh Frydenberg has again indicated that the Coalition will reduce JobSeeker (formally Newstart) back to $560 a fortnight once the coronavirus lockdown has ended:
“We’ve been very clear that these measures are temporary, and the JobSeeker supplement of $550 was temporary,” Mr Frydenberg said.
“The way to get people off the unemployment benefits is to get them back into the workforce, to encourage economic activity, and that’s why the lifting of the restrictions is so important.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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