JobKeeper changes have passed Parliament — here’s what you need to know: by political reporter Jordan Hayne The changes allow Josh Frydenberg to make payments through to the end of March.(ABC News: Nick Haggarty) Source:ABC News Parliament has signed off on an extension to the $100 billion JobKeeper scheme, meaning recipients will begin receiving a lower rate at the end of the month. The payment of $1,500 a fortnight is set to drop and if you are on JobSeeker, you should also expect a decrease in your payments. Here’s what you need to know:   ...

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JobKeeper extension – ECONOMIC RESPONSE TO THE CORONAVIRUS – By the Australian Government The JobKeeper Payment will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021. The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced after 27 September with the new rate of $1,200 per fortnight from 28 September 2020 and $1,000 per fortnight from 4 January 2021. From 28 September 2020, a lower payment rate of $750 per fortnight ($650 per fortnight from 4 January 2021) will apply for employees and business participants that worked fewer than 20 hours per week. From 28 September 2020, businesses and not-for-profits seeking to claim the JobKeeper Payment will be required to demonstrate that they have suffered an ongoing significant decline in turnover using actual GST turnover (rather than projected GST turnover) for the June and September quarters 2020. ...

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UNOFFICIAL The Hon. Scott Morrison MP Prime Minister The Hon. Josh Frydenberg MP Treasurer JOINT MEDIA RELEASE Friday 7 August 2020 MORE SUPPORT FOR MORE BUSINESSES AND WORKERS Following the introduction of stage four restrictions in metropolitan Melbourne and stage three restrictions across regional Victoria, the Morrison Government will help more businesses qualify for JobKeeper. Key adjustments include: A change to the employee reference date – from 3 August 2020 the relevant date of employment for an eligible employee will move from 1 March to 1 July 2020, expanding employee eligibility. A change to the turnover reference period – to be eligible for JobKeeper post 28 September 2020, organisations will only have to demonstrate that their actual turnovers have significantly declined in the previous quarter. ...

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Prime Minister – Joint Media Release – JobKeeper payment and income support extended   The Hon Scott Morrison MP Prime Minister The Hon. Josh Frydenberg MP Treasurer Senator the Hon. Anne Ruston Minister for Families and Social Services JOINT MEDIA RELEASE Tuesday 21 July 2020 JOBKEEPER PAYMENT AND INCOME SUPPORT EXTENDED   The Morrison Government will deliver more support for households and businesses to help Australians through the COVID-19 pandemic and bolster our economic recovery. The JobKeeper Payment will be extended by six months to 28 March 2021 and the temporary Coronavirus Supplement for those on income support will be extended until 31 December 2020. Prime Minister Scott Morrison said the extra assistance would continue supporting hundreds of thousands of Australians who are without work, and offer businesses and their workers a lifeline to not only get through this crisis, but recover on the other side. “We will have Australian’s ...

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The new JobKeeper wage subsidy package Source:Tax & Super Australia The government announced at the end of March a further massive subsidy for businesses to help them retain employees so they are ready to get back to business when the current coronavirus issues subside. The new subsidy is called a JobKeeper payment. The key things to note about this are: The payment will be made to eligible employers for eligible employees. The payment will be $1,500 per fortnight per employee for a period of six months. It will be paid in respect of full time and part time employees who were employed as at 1 March 2020. Also, casual employees will be eligible if they have been with their employer on a regular basis for at least the previous 12 months as at 1 March 2020. The employees must continue to be engaged by the business. If an employee has ...

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