Government Announcement on new JobKeeper Subsidy

March 30, 2020

Government Announcement on new JobKeeper Subsidy

The government has just announced a new JobKeeper subsidy payment to assist those facing hardship as a result of Covid-19 restrictions.

“The JobKeeper Payment is a subsidy to businesses, which will keep more Australians in jobs through the course of the coronavirus outbreak.

The payment will be paid to employers, for up to six months, for each eligible employee that was on their books on 1 March 2020 and is retained or continues to be engaged by that employer.

Where a business has stood down employees since 1 March, the payment will help them maintain connection with their employees.

Employers will receive a payment of $1,500 per fortnight per eligible employee. Every eligible employee must receive at least $1,500 per fortnight from this business, before tax.

For more, see the full press release here.  Registered employers using Single Touch Payroll can register your interest for JobKeeper payments here.

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