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$130bn JobKeeper payment passes Parliament The government’s $130 billion JobKeeper payment passed Parliament late on Wednesday night, and should see up to 6 million Australians benefit from a $1,500 fortnightly wage subsidy from May. SOURCE:Publicaccountant “This unprecedented level of financial support will save millions of jobs and keep families together, businesses in business and preserve the productive capacity of the Australian economy,” the Treasurer said following the legislation’s passage. The $1,500 per fortnight JobKeeper payment is the equivalent of about 70 per cent of the median wage and represents about 100 per cent of the median wage in some of the most heavily affected sectors, such as retail, hospitality and tourism, Treasurer Josh Frydenberg explained. It will be available to full-time and part-time workers, sole traders and casuals who have been with their employer for 12 months or more. ...