Bruce's recent articles

A pilot Revenue-Contingent Loan for the JobKeeper Transition

Several months ago we argued the case for the use of revenue-contingent loans (RCLs) as part of the transition from JobKeeper. An RCL is a debt for business, with the defining characteristic being that repayments occur when the firm is able to do so comfortably in the future. The concept is closely related to the Higher Education Contribution Scheme (HECS) pioneered in Australia in the 1980s.

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