JobKeeper To Stay

JobKeeper To Stay

Today the Government receive $750 per fortnight. It announced that JobKeeper will decrease again from January payments will be extended until to $1000 per fortnight for full time March next year. However whilst employees and $650 per fortnight for they have been extended beyond the part time employees. Full details can original end of September cut off there be found on the ATO website. will be some key changes. This change will impact businesses Firstly, all businesses currently receiving greatly in many different ways. Although JobKeeper will need to re-qualify and some may have recovered to less demonstrate they are still suffering at than 30% decrease in turnover, the least a 30% decrease in turnover. financial impact will still be significant and the reduction in assistance may The amount that employees receive lead to some tough budget decisions. will be reduced. From October, full Particularly factoring in minimum wage time employees will receive $1200 increases that have either just occurred, per fortnight and part time employees or will occur on 1 November (depending (working 20hrs per week or less) will upon your award).