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On 30th March 2020, the Australian Government announced a wage subsidy for Australian businesses (JobKeeper Payment) in response to the Coronavirus (COVID-19) pandemic.
In addition to the measures mentioned in the previous stimulus packages.
We have summarised the JobKeeper Payment below. For more information, visit the government website.
For any questions relating to how this affects your business, we encourage you to contact KDA via phone (08 9248 9991) or email firstname.lastname@example.org.
Who is eligible?
What is the benefit?
Employers will be paid a JobKeeper Payment equal to $1,500 a fortnight for each eligible employee. This payment is a wage subsidy to assist businesses keeping their employees employed.
How will it work?
You will be required to notify your eligible employees that you are claiming the JobKeeper payment on their behalf. You will also be required to provide a monthly update to the ATO to remain eligible for the payments.
When does this apply?
You can start applying for the JobKeeper Payment from the 30 March 2020. If your business is eligible you will receive the first payment on the 1st week of May 2020 and can last up to a maximum period of 6 months.
How to apply?
In order to apply the ATO have released a "Register Your Interest" form that businesses will need to apply to. After registering your interest, the ATO will provide further details at a later date.
For any questions or for more information about the economy and government stimulus packages, email us at email@example.com.