10th Nov 2020, 6:16 PM – Senate Economic Recovery Package (Jobmaker Hiring Credit) Amendment Bill 2020 - in Committee - Reporting quarterly

The majority voted in favour of an amendment introduced by West Australian Senator Louise Pratt (Labor), which means it was successful.

Senator Pratt explained that her amendment:

requires reporting on the scheme to happen quarterly. Here we really want to be able to see the number of entities that have received payments, the number of employees, the total payroll and a comparison of the amounts that have been paid, and we want to be able to see those things across different regions.

Amendment text

(1) Schedule 1, page 3 (after line 26), after item 4, insert:

4A After section 7

Insert:

7A Requirements for rules that provide for jobmaker hiring credit scheme—reporting of aggregated scheme information

(1) This section applies if rules are made for the purposes of subsection 7(1A) that provide for a kind of payment known as the jobmaker hiring credit.

(2) The rules must require the Commissioner to make publicly available as soon as practicable after the end of each quarter the following aggregated information in relation to entities receiving payments under the scheme for the jobmaker hiring credit:

(a) the number of entities that received payments under the scheme during the quarter;

(b) the number of employees employed by the entities at the end of the quarter;

(c) the total payroll of all the entities for the quarter;

(d) a comparison of the amounts in paragraphs (a), (b) and (c) with the amounts for the previous quarter.

(3) Rules made for the purposes of subsection (2) must also provide for reporting of that information aggregated across different sizes of businesses and across different regions of Australia.

(4) In this section:

quarter means a period of 3 months ending on 31 March, 30 June, 30 September or 31 December.

What does the bill do?

According to the bills digest:

The purpose of the Economic Recovery Package (JobMaker Hiring Credit) Amendment Bill 2020 (the Bill) is to amend the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 (the Payments and Benefits Act) to enable payments to be made to help improve people’s prospects of gaining paid employment or to increase workforce participation, between 7 October 2020 and 6 October 2022.

The Bill also allows for the establishment of a scheme related to one or more of the payments intended to help improve people’s prospects of gaining paid employment or increasing workforce participation.