• Federal government is reluctant to overhaul JobKeeper, according to AFR.
  • Minister Cormann has rejected truncating the time frame: ‘It is a six-month programme, it will remain in place for six months.’
  • Government source says ALP plan to reduce ‘overpay’ would be complicated, take six weeks to implement and not be worth it.
• AIG has suggested changes to JobKeeper: (Australian)
  • allow businesses which are part of larger groups to meet a 30% reduction threshold, rather than 50%
  • allow ATO Commissioner discretion to extend payments to businesses with lower margins.
• HECS creator Bruce Chapman and other economists suggest HECs-style business loans to deal with ongoing crisis. (SMH)
• NSW Tourism Minister Ayres is demanding all state borders be re-opened from July 1 to boost domestic tourism. (Australian)
• House prices could drop 32% in the event of persistent economic slump, according to Commbank. (SMH)
• Survey estimates 70 per cent of non-frontline public servants are working from home. Victorian public service chief Chris Eccles has asked public servants whether ‘we need to make it more conventional, rather than an exception.’ (AFR)
• House of Reps Economics Committee meets today (9.30am). Witnesses: Industry Super Australia, ME Bank
• WHO warns Covid-19 may never be eradicated. (Washington Post)