The eligibility test for the JobKeeper wage subsidy has been changed by federal Treasurer Josh Frydenberg in a nod to the compulsory shutdown of thousands of Victorian businesses this week due to the state government’s stage 4 restrictions. The Treasurer has eased the criteria, which also applies nationally, so businesses now only have to show… Read more »
The Australian government’s lifeline to small businesses and the unemployed – JobKeeper and JobSeeker payments – will be extended past their original September cut-off date to continue to provide support during the ongoing coronavirus crisis. Prime minister Scott Morrison announced today that the wage subsidy program and unemployment benefit schemes would extend for a further… Read more »
The government is set to continue a revamped and re-targeted wage subsidy when it delivers its Thursday economic statement amid massive uncertainty about the trajectory of COVID-19 in the two largest states. Finance Minister Mathias Cormann on Sunday said JobKeeper would be extended but with changes. “There will be some adjustments to the scheme to… Read more »
If we want the best bang for our economic stimulus buck, we need young workers in startups As we crawl towards our new definition of ‘normal’, one thing that’s become clear is that ‘recovery’ from COVID-19 isn’t a single goal; it’s a thousand small wins we will need to reach at different speeds. Despite the… Read more »
Ever since the Australian Government announced the JobKeeper measures, many startups have been eagerly awaiting details of the “alternative test”. Since startups can scale rapidly, many of them are unable to rely on the “basic test” demonstrating a 30% decline in turnover in a particular month or quarter this year to the same month or… Read more »
Workplace relations company Employsure has launched a new support service, JobKeeper Help, for small and medium-sized businesses to help them apply and administer the federal government’s JobKeeper payments. The launch of the service coincides with the opening of applications with the Australian Taxation Office for the $130 billion stimulus package, which pays companies $750 a… Read more »
“While it is a great initiative that is going to help thousands of employers keep staff on their books and potentially save their business, there is still the application process to go through first. Employers shouldn’t rush out and start spending money until they have gotten confirmation that they are eligible,” said Employsure Managing Director… Read more »
The A$130 billion $1,500-per-fortnight JobKeeper payment will benefit six million Australians for six months, with payments expected from May 1. Eligible businesses include not-for-profits and businesses with turnovers of less than $1 billion per year whose turnover is down 30%. Businesses with turnovers of more than $1 billion per year need to have lost 50%… Read more »
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