April 8, 2020
A note on Jobkeeper Payments
The legislation surrounding the Jobkeeper payments of $750 per week for each employee will go before Parliament today. The Australian Government has announced that $130 billion will be available over the next six months to support businesses and charities/not for profits to retain jobs or retain connections with their employees so they can be re-employed when conditions improve.
Most workers at risk of losing their job (or who have lost it since 1 March) will be eligible for a $1500 per fortnight JobKeeper Payment – paid to their employer who will pass it on to the employee. JobKeeper is a flat rate payment for all workers in organisations that meet the eligibility requirements, regardless of their employment status or actual hours of work. Employers will top up the payment for workers who remain employed and who earn more than $1500 per fortnight. Payments will be able to be back- paid to 30 March 2020.
Charities and not for profits will be eligible for the subsidy if:
- their organisation has a turnover of less than one billion dollars and their turnover will be reduced by more than 15 per cent relative to a comparable period a year ago (of at least a month); or
- their organisation has a turnover of one billion dollars or more and their turnover will be reduced by at least 50 per cent relative to a comparable period a year ago (of at least a month).
More information is available here