JobKeeper Payments from the Goverment Stimulus in Response to COVID-19

The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the cost of their employee’s wages, thus keeping businesses running and employees in work.

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.

Eligible employers who have stood down their employees before the commencement of this scheme will be able to participate. Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible.

In circumstances where an employee is accessing support though Services Australia because they have been stood down or had their hours reduced and the employer will be eligible for the JobKeeper Payment, the employee will need to advise Services Australia of their new income.

Self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30 per cent decline in turnover relative to a comparable prior period (of at least a month).

Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment.

The subsidy will start on 30 March 2020, with the first payments to be received by employers in the first week of May.

 

Please refer to the fact sheet Supporting Businesses to Retain Jobs for eligibility requirements.

If you believe that you are eligible, please click the link below and register your interest for the JobKeeper Payment.

https://www.ato.gov.au/job-keeper-payment/