Frydenberg: Victoria must go halves on COVID bailout

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Federal Treasurer Josh Frydenberg has ruled out reinstating the JobKeeper wage subsidy scheme for Victorian workers following the extension of Melbourne’s lockdown.

However, Frydenberg says he would consider any request from Victoria for financial support, although this would most likely be conditional on a matching contribution from the state government.

The state government has already announced that it will provide a $209 million support package for businesses.

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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.