The Australian government have just announced another economic stimulus package to support employers and employees during the Covid-19 crisis. The JobKeeper payment is a Federal Government wage subsidy for businesses to pay workers.
Information for Employers
Businesses impacted by the coronavirus will be able to access the JobKeeper subsidy to continue paying their employees. Eligible employers will be able to claim a payment of $1,500 per fortnight for each eligible employee from 30 March 2020, for a maximum of 6 months. Not-for-profit entities and self-employed individuals that meet the turnover tests are eligible to apply for JobKeeper payments. For full details on how to apply and if you are eligible follow this link.
Information for Employees
Eligible employers will notify employees if they are to receive the JobKeeper payment. Eligible employees will receive a minimum of $1,500 per fortnight, before tax. It is the employer’s discretion if superannuation will be paid on any additional wage paid because of JobKeeper payments. Australian citizens, the holders of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder (residing in Australia for at least 10 years) or a Special Category (Subclass 444) Visa holder are all eligible for this payment. Full time, part time and casual (with the employer for the previous 12 months) employees, including stood down employees will be eligible for the JobKeeper payment. For full details on eligibility and how payments can be received follow this link.
Register your Interest
To register your interest and receive updates directly from the ATO on this new subsidy, follow this link.