News & Analysis

Australia’s massive $130bn stimulus package will pay businesses $750 a week for each worker they keep in a job

- March 30, 2020 3 MIN READ

  Workers will receive $1500-per-fortnight ‘JobKeeper’ wage subsidy for the next 6 months It applies to businesses losing a minimum 30% of income (50% for revenue over $1bn) The ATO will manage the scheme through Single Touch Payroll The flat rate payment applies to people employed at March 1 (provided they are reinstated if subsequently… Read more »