SUPPORTING BUSINESSES TO RETAIN JOBS
$130 Billion Wage Subsidy Package to support the jobs and livelihoods of the almost six million Australians who will need that lifeline in the months ahead who are affected by COVID-19
EMPLOYERS
The Government will provide eligible employer $1,500 per fortnight per employee for up to 6 months. Eligible employers will receive the payment for each eligible employee that was on their books on 1 March 2020 and continues to be engaged by that employer – including full-time, part-time, long-term casuals and stood down employee
ELIGIBILE EMPLOYERS
- their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month); or
- their business has a turnover of $1 billion or more and their turnover will be reduced by more than 50 per cent relative to a comparable period a year ago (of at least a month); and
- the business is not subject to the Major Bank Levy.
EMPLOYEES
Employees will receive a notification from their employer that they are receiving the JobKeeper Payment. The majority of employees will need to do nothing further. Employees that have multiple employers must notify the employer that is their primary employer
ELIGIBLE EMPLOYEES
Eligible employees include Australian citizens, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder. Full time and part time employees, including stood down employees, would be eligible for the JobKeeper Payment. Where a casual employee has been with their employer for at least the previous 12 months they will also be eligible for the Payment.
TIMINGS
The subsidy will start on 30 March 2020, with the first payments to be received by employers in the first week of May. Businesses will be able to register their interest in participating in the Payment from 30 March 2020 on the ATO website.
Is your business eligible to receive a fortnightly JobKeeper payment up to $1,500 per employee?