JOBKEEPER PAYMENT: WHAT YOU NEED TO KNOW
The Government has announced a $130 billion JobKeeper payment to help keep more Australians in jobs and support businesses affected by the significant economic impact caused by the Coronavirus.
Around 6 million workers will receive a fortnightly payment of $1,500 (before tax) through their employer. The payment ensures eligible employers remain connected to their workforce and will help businesses restart quickly when the crisis is over.
What is the JobKeeper Payment?
- It is a temporary scheme open to businesses impacted by the Coronavirus.
- The Government will provide $1,500 per fortnight per employee for up to 6 months. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment.
- It aims to support employers to maintain their connection to their employees. It is also available to the self-employed.
- The subsidy will start on 30 March 2020, with the first payments to be received by employers in the first week of May. Payments will be made to the employer monthly in arrears by the ATO.
- Businesses will be able to register their interest in participating in the Payment from 30 March 2020 on the ATO website.
Read the full fact sheet here.
Read the information for employers fact sheet here.