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RBA Glossary definition for billion

billion – One thousand million.

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Assessment

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
The first phase of JobKeeper provided $70 billion in support over a six-month period (30 March to 27 September).
https://www.rba.gov.au/publications/rdp/2020/2020-07/assessment.html

The JobKeeper Payment

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
Firm eligibility: the firm must have experienced (or expect to experience) a fall in revenue of 30 per cent or more (for firms with less than $1 billion annual turnover) or ... 50 per cent or more (for firms with more than $1 billion annual turnover).
https://www.rba.gov.au/publications/rdp/2020/2020-07/the-jobkeeper-payment.html

Introduction

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
The largest single measure was the $101.3 billion wage subsidy scheme called the ‘JobKeeper Payment’.
https://www.rba.gov.au/publications/rdp/2020/2020-07/introduction.html

How Many Jobs Did JobKeeper Keep?

23 Nov 2020 RDP 2020-07
James Bishop and Iris Day
The largest single measure was the $101.3 billion wage subsidy scheme called the ‘JobKeeper Payment’. ... 50 per cent or more (for firms with more than $1 billion annual turnover).
https://www.rba.gov.au/publications/rdp/2020/2020-07/full.html