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COVID-19 Stimulus Package – JobKeeper Payment

Government Assistance for Australian Businesses 

AAAA Members may benefit from the recently announced launch of the JobKeeper payment. The JobKeeper payment is a fortnightly payment of $1,500 per employee, for up to six months.

It is targeted at businesses affected by the shutdowns in response to the spread of COVID-19. It is also available to the self-employed.

Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax.

Eligibility

  • Businesses of under $1 Billion annual turnover with a reduction of 30% relative to a comparable period a year ago of at least a month, or;
  • Businesses of more than $1 Billion annually with a reduction of more than 50% relative to a comparable period a year ago of at least a month.

The payment is only for all staff employed with the business at 1 March 2020 who continue in employment each month. This includes, full-time, part-time, long-term casuals, and stood down employees.

Casual employees eligible for the payments must have been in regular employment at least for the previous 12 months as at 1 March 2020.

For more information on this and how to apply please CLICK HERE.

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