Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of 6 months.
Any small business whose turnover has fallen by 30% or more will be eligible.
Eligible employees include:
Full time workers (employed at 1 March 2020)
Part tine workers (employed at 1 March 2020)
Casuals (employed for more than 12 months)
The payments will be made by the ATO to employers to pass onto employees.
Payments will be made from 1 May 2020 and will be backdated to 30 March 2020.
Employees who have previously been stood down will still be eligible.
To access more information about the Jobkeeper Payment, click the links below:
Things are moving extremely quickly with COVID-19 and we understand that our clients are nervous. All of us here at R&D Accounting want to let our clients know that they are not alone and that we’ve got your back. We are here to help you through these uncertain times and to help you all navigate through the government support that is available.