JobKeeper Announcement Update

The latest government announcement has unveiled a $1,500 per fortnight JobKeeper payment available to businesses who are experiencing a significant reduction in income due to COVID 19 which will enable them to continue to pay their employees.

This $1,500 payment per employee will be available to businesses including Companies, Trusts, Partnerships, Sole Traders and Not-for-profits. This is also available to the self-employed.

Eligibility

There are two levels of eligibility; for employers and employees.

Eligible employers are those with:

• Turnover less than $1billion and have experienced a reduction in turnover of more than 30%; or
• Turnover of $1billion or more and have experienced a reduction in turnover of more than 50%; and
• Are not subject to the Major Bank Levy.

Eligible employees are those who:

• Were employed by an eligible employer at 1 March 2020; and
• Are currently employed by that employer (including those who have been stood down or re-hired); and
• Are full time, part-time, or long-term casuals (a casual employee employed on a regular basis for 12 months as at 1 March); and
• Are at least 16 years of age; and
• Are an Australian citizen, hold a permanent visa, are a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder; and
• Are not in receipt of a JobKeeper Payment from another employer.

Employees who received the JobKeeper payment will not be eligible for JobSeeker payments.

Self-employed are eligible for the JobKeeper payments if they satisfy the eligibility criteria.