Jobkeeper Payment Announced

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The Prime Minister has announced a massive $130 billion economic package aimed at preserving jobs during this pandemic.

The job keeper payment is a wage subsidy provided to employers who keep employees on their books, amounting to $1,500 per employee, per fortnight. The amount will be calculated from March 30th 2020 and will be for a maximum period of 6 months. Payment will be made to employers from May 1st 2020.

The subsidy is available to full and part time workers, sole traders and casuals who have been employed for 12 months or more. Employers can register now with the ATO using the following link.
 https://www.ato.gov.au/general/gen/JobKeeper-payment/?=redirected_JobKeeper

Eligibility includes a reduction in business turnover by at least 30% when compared to a similar time last year.

Full details can be found here:
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf

If you have any questions feel free to contact our office.

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