Jobkeeper
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And after treasury found a quarter of recipients were paid more via jobkeeper than they earned previously.
Jobkeeper. The jobkeeper payment scheme is a temporary subsidy for businesses significantly affected by coronavirus covid 19. Eligible employers sole traders and other entities can apply to receive 1 500 per eligible employee per fortnight. The jobkeeper payment which was originally due to run until 27 september 2020 will now continue to be available to eligible businesses including the self employed and not for.
Under the current program jobkeeper pays those financially affected by the pandemic by 30 per cent or more a flat rate of 1500 per fortnight. On 21 july the government announced it is extending the jobkeeper payment until 28 march 2021 and is targeting support to those businesses and not for profits which continue to be significantly impacted by the coronavirus. Unfortunately there is a strong incentive in jobkeeper to dismiss non eligible workers said david richardson senior research fellow at the australia institute.
The jobkeeper payment is a scheme to support businesses significantly affected by the coronavirus to help keep more australians in jobs. The jobkeeper payment is administered by the australian taxation office ato. The federal government will consider a push from victoria for an extension of full jobkeeper assistance for more than 200 000 of the state s businesses after assessing the impact of tougher health.
On 21 july 2020 the government announced it is extending the jobkeeper payment until 28 march 2021 and is targeting support to those businesses and not for profits who continue to be significantly impacted by the coronavirus. Jobkeeper now supports 3 3million workers and is due to end on september 27 westpac predicts 2 2million australians would stop receiving wage subsidies more than one million workers would struggle. From 28 september 2020 eligibility for the jobkeeper payment will be based on actual turnover in the relevant periods the payment will be stepped down and paid at two rates.
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