The Australian Government has announced a COVID-19 wage subsidy to assist eligible employers and employees.
Eligible employers can access the JobKeeper subsidy and claim fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.
The JobKeeper Payment will also be available to the self-employed.
ELIGIBLE EMPLOYERS – Employers will be eligible for the subsidy if:
- Their business has a turnover of less than $1 billion and their turnover has fallen by more than 30 per cent (of at least a month); or
- Their business has a turnover of $1 billion or more and their turnover has fallen by more than 50 per cent (of at least a month); and
- The business is not subject to the Major Bank Levy.
To learn more visit: https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/jobkeeper-payment?fbclid=IwAR2mWa8ER2kiHelhrT9BSxr8tjzOfhqIVxjLW9HvZbGsiavQb7BPLn2r-00