JobKeeper payment passes the Parliament
8 April 2020 marked the passage of unprecedented legislation to support the Federal Government’s $130 billion JobKeeper Payment.
The Treasurer Josh Frydenberg said that the $1,500 per fortnight JobKeeper payment is the equivalent of about 70 per cent of the median wage and represents about 100 per cent of the median wage in some of the most heavily affected sectors, such as retail, hospitality and tourism.
About six million Australian workers will benefit from the JobKeeper payment.
The payment will be available to full-time and part-time workers, sole traders and casuals who have been with their employer for 12 months or more. It will also apply to the many Australians working in the not for profit sector.
Combined with the Government’s previous actions, this totals $320 billion or 16.4 per cent of GDP in economic support to Australian businesses, households and individuals affected by the Coronavirus.
Eligibility for and details of the JobKeeper program are available on the Australian Treasury website - https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_supporting_businesses_0.pdf
Eligible businesses can apply for the payment online and are able to register their interest via the Australian Taxation Office website https://www.ato.gov.au/general/gen/JobKeeper-payment/
9 April 2020.