The JobKeeper Payment is a subsidy to businesses, which will
keep more Australians in jobs through the course of the Coronavirus outbreak.
The payment will be paid to employers, for up to six months, for
each eligible employee that was on their books on 1 March 2020 and is retained
or continues to be engaged by that employer.
Where a business has stood down employees since 1 March, the
payment will help them maintain connection with their employees.
Employers will receive a payment of $1,500 per fortnight per
eligible employee. Every eligible employee must receive at least $1,500 per
fortnight from this business, before tax.
The program commenced on 30 March 2020, with the first payments
to be received by eligible businesses in the first week of May as monthly
arrears from the Australian Taxation Office. Eligible businesses can begin
distributing the JobKeeper Payment immediately and will be reimbursed from the
first week of May.
Eligible employers will be those with annual turnover of less
than $1 billion who self-assess that they have a reduction in revenue of 30 per
cent or more, since1 March 2020 over a minimum one-month period.
Eligible employers include businesses structured through
companies, partnerships, trusts and sole traders. Not-for-profit entities,
including charities, will also be eligible.
Full-time and part-time employees, including stood down
employees, would be eligible to receive the JobKeeper Payment. Where a casual
employee has been with their employer for at least the previous 12 months they
will also be eligible for the payment.
An employee will only be eligible to receive this payment from
Eligible employees include Australian residents, New Zealand
citizens in Australia who hold a subclass 444 special category visa, and migrants who are eligible for
JobSeeker Payment or Youth Allowance (Other).
Self-employed individuals are also eligible to receive the
Eligible businesses can apply for the payment online and are
able to register their interest via ato.gov.au
Income support Partner income test;
Over the next six months the Government is temporarily expanding access
to income support payments and establishing a Coronavirus supplement of $550
JobSeeker Payment is subject to a partner income test, and the Government
is temporarily relaxing the partner income test to ensure that an
eligible person can receive the JobSeeker Payment, and associated
Coronavirus supplement, providing their partner earns less than $3,068 per
fortnight, around $79,762 per annum.
The personal income
test for individuals on JobSeeker Payment will still apply.
For more information please visit australia.gov.au