Supporting Businesses to Retain Jobs – Jobkeeper Payment

Senator the Hon Michaelia Cash
Minister for Employment, Skills, Small and Family Business
Senator for Western Australia

 

UPDATE
SUPPORTING BUSINESSES TO RETAIN JOBS
JOBKEEPER PAYMENT

30 March 2020

 

The Morrison Government has today introduced a JobKeeper Payment of $1,500 per fortnight, per eligible employee, for up to 6 months.

The JobKeeper Payment will start on 30 March 2020, with the first payment to be received by employers in the first week of May.  Employers must pass this payment on to their employees.

Eligible employers include businesses structured through companies, partnerships, trusts and sole traders. Not for profit entities, including charities, will also be eligible.

Self-employed individuals are also eligible to receive the JobKeeper Payment.

Employers must elect to participate in the scheme. You can do this at: https://www.ato.gov.au/general/gen/JobKeeper-payment/

To be eligible, an employee must have been on the employer’s books on 1 March 2020 and continue to be engaged by that employer.

The JobKeeper Payment is open to full-time, part-time and long term casuals (employed on a regular basis for at least the previous 12 months) and stood down employees. Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible.

Self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30% decline in turnover relative to a comparable prior period (of at least a month).

Employers will be eligible for the JobKeeper Payment if:

  • their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable prior period (of at least a month); or
  • their business has a turnover of $1 billion or more and their turnover will be reduced by more than 50 percent relative to a comparable prior period (of at least a month); and
  • the business is not subject to the Major Bank Levy.

For more information on the JobKeeper Payment visit: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_supporting_businesses_1.pdf

For Employers Factsheet: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf

Employees Factsheet: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf

To read the Prime Minister and Treasurer’s Media Statement: https://www.pm.gov.au/media/130-billion-jobkeeper-payment-keep-australians-job

Regards

Senator the Hon Michaelia Cash
Minister for Employment, Skills, Small and Family Business
Senator for Western Australia