Important Information regarding the JobKeeper Subsidy Payment

by dsadmin / April 24, 2020

The JobKeeper Subsidy Payment is a wage subsidy to be paid to Businesses, Sole Traders, Businesses Without Employees, Not for Profits and Charities, who have experienced a loss of at least 30 percent of their turnover relative to a comparable period a year ago (of at least a month). The payment will be made to employers at a flat rate of $1,500 per fortnight from 30 March 2020 for all employees that were employed as of March 1 2020.

Payments will be made from the first week of May backdated to 30 March and will continue for a maximum of 6 months. These payments are designed to keep employees on the payroll and connected to their business. Businesses will be required to prove that they are using the funds to subsidise wage payments to their employees and have a legal obligation to retain the employee.
Businesses can register their interest in applying for JobKeeper Payment via ato.gov.au from 30 March 2020.

For additional information please refer to the 2 attachments issued by the Australian Government.

Please note that this is the only information currently available. As the Federal Government announces any further changes to the JobKeeper Subsidy Payment we will be sure to let you know.
Jobkeeper Payment – Information for EmployeesJobkeeper Payment – Information for Employers