The $1,500 JobKeeper Subsidy
Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.
The economic impacts of the coronavirus pose significant challenges for many businesses – many of which are struggling to retain their employees.
Under the JobKeeper Payment, businesses significantly impacted by the coronavirus outbreak will be able to access a subsidy from the Government to continue paying their employees. This assistance will help businesses to keep people in their jobs and re-start when the crisis is over. For employees, this means they can keep their job and earn an income – even if their hours have been cut.
The Government will provide $1,500 per fortnight per employee for up to 6 months.
The JobKeeper Payment will support employers to maintain their connection to their employees. These connections will enable business to reactivate their operations quickly – without having to rehire staff – when the crisis is over.
| Date |
- From 30 March 2020 for six months
- For employees employed at and from 1 March 2020
- First payments in first week of May 2020
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| Applies to |
Based on comparable periods:
- Employers <$1 bn that have experienced a downturn of more than 30%
- Employers >$1bn that have experienced a downturn of more than 50%
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To find out more about eligibility, registration and how the support is provided click the link below.
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