Daily Bulletin

Business Mentor

.

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

As Australia slowly emerges from isolation, the nation’s economy is reopening, and even looking rather better than expected. But Australia still faces grim months ahead as unemployment numbers grow and the true extent of business survival rates emerge.

Treasurer Josh Frydenberg described the economic data as sobering when he recently gave an update to parliament. In this podcast, Frydenberg says there would be greater reason for optimism, especially for the tourism sector, if states were more willing open their borders.

“Now we need to see those state borders opened, whether it’s in Queensland or Western Australia, South Australia or Tasmania,” he says.

The Northern Territory will begin easing its border restrictions from June 15, scrapping mandatory quarantine for interstate arrivals. But both the Queensland and Western Australian governments say they will likely keep the measures in place for several months. Tasmania’s premier too is standing firm on his decision to keep the state’s borders closed.

Frydenberg says the government has reacted to COVID-19 “in an unprecedented way in terms of the scale and the size of our response” but reiterates that “the measures are temporary and targeted. And we want people to get back to work as soon as possible”.

However he acknowledges the housing construction and tourism sectors are in need of particular support.

On housing, “we recognise that there may be contracts in place to July or August, which is going to see the pipeline continue to then, but then we’re going to see probably a steady fall after that. And that’s the gap that we need to try to fill with particular measures.”

“It’s a watching brief, but certainly both areas are a focus for the government.”

Frydenberg also indicates that after the June review of the JobKeeper payment, some people could get less money than they are receiving now.

“There are a few issues we need to look at, including some workers within the JobKeeper programme getting paid more than they normally would otherwise get.”

New to podcasts?

Podcasts are often best enjoyed using a podcast app. All iPhones come with the Apple Podcasts app already installed, or you may want to listen and subscribe on another app such as Pocket Casts (click here to listen to Politics with Michelle Grattan on Pocket Casts).

You can also hear it on Stitcher, Spotify or any of the apps below. Just pick a service from one of those listed below and click on the icon to find Politics with Michelle Grattan.

Listen on Apple Podcasts Treasurer Josh Frydenberg on saving Australia's tourism and construction industries

Stitcher Listen on TuneIn

Listen on RadioPublic Treasurer Josh Frydenberg on saving Australia's tourism and construction industries

Additional audio

A List of Ways to Die, Lee Rosevere, from Free Music Archive.

Image:

Joel Carrett/AAP

Authors: Michelle Grattan, Professorial Fellow, University of Canberra

Read more https://theconversation.com/politics-with-michelle-grattan-treasurer-josh-frydenberg-on-saving-australias-tourism-and-construction-industries-139656

Business News

Choosing the Right Mini Digger: Factors to Consider

In the vast landscape of construction and landscaping projects across Australia, mini diggers have become indispensable tools. These compact machines pack a powerful punch, offering versatility and ...

Daily Bulletin - avatar Daily Bulletin

Effective Strategies to Generate and Nurture Sales Leads for Business Growth

Boost your business's growth. Discover effective strategies to generate and nurture sales leads! A sales lead refers to an individual or business entity that is potentially interested in purchasing...

Daily Bulletin - avatar Daily Bulletin

Products Made from Petroleum

From transportation to healthcare, petroleum has become an integral part of our everyday lives. This fossil fuel serves as the foundation for a wide range of products that surround us, offering conv...

Daily Bulletin - avatar Daily Bulletin

Tomorrow Business Growth