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Federal Government announces wage subsidy

A review of the wage subsidy measures announced as of 30 March 2020.

The Federal Government has announced a JobKeeper Payment for around six million Australian workers.Costing $130 billion over six months, the JobKeeper Payment is a wage subsidy for businesses and not-for-profit organisations whose turnover has fallen by at least 30 per cent.Businesses with a turnover greater than $1 billion would need to have experienced a reduction in turnover of more than 50 per cent.The JobKeeper Payment is set at a flat rate of $1500 per fortnight for full-time, part-time...

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Authors: David Linke

Published Date: 30 March 2020

 

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