Treasurer Josh Frydenberg. Source: AAP/Lukas Coch.
For a lucky few, the free money fountain is still trickling. But shhh! Don’t tell anyone.
Australia’s economy has healed at record pace. Despite occasional lockdown outbreaks, business conditions are at a record high, as measured by the National Australia Bank in May.
“By state and industry, the strength in activity is evident everywhere,” it said in a note to clients.
But small businesses are still getting fat handouts in the long tail of Australia’s most insanely generous business program.
Crikey wrote about this last week: a $35 billion program that somehow sailed under the radar. The government gave a sum of money to small businesses equal to double the cost of all our doomed Joint Strike Fighters, and the media ignored it, focusing on JobKeeper instead.