Attention employers and employees.

The Government are extending JobKeeper until March 2021.

The payments will  be reduced from $1,200 per fortnight from 28 September 2020.

A new two-tiered payment approach will also be introduced – and it is harder to qualify for than the previous criteria.

The current $1,500 scheme will be in place until 27 September 2020.

Part-time Employees

Part-time employees will receive $750 per fortnight, commencing September 2020.

Casual Employees

Are you a casual employee?

The part-time rate is now going to be offered to casual employees.

Do you operate a business?

From 28 September 2020, companies will need to re-qualify for JobKeeper and provide evidence the business has experienced a 30% or more reduction on turnover.

JobKeeper – The Changes

Currently 

• $1,500 paid fortnightly to eligible Australians
• 960,000 business with 3.5 million employees covered
• Over $30 billion paid out

28 September 2020

• 2-tier approach begins (based on pre-COVID-19 hours)
• $1,200 per fortnight for workers on 20 hours or more
• $750 per fortnight for workers on less than 20 hours

4 January 2021

• Top tier payment reduced from $1,200 to $1,000
• Second tier payment reduced from $750 to $650

JobSeeker – The Changes

4 August 2020

• Mutual obligation requirements resume
• 4 jobs searches per month required
• Penalties apply for not taking offered job

28 September 2020

• Coronavirus supplement reduced from $550 to $250
• Payment to continue until at least December 2020
• You can earn up to $300 per fortnight

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This article is for your information and interest only. It is not intended to be comprehensive, and it does not constitute and must not be relied on as legal advice. You must seek specific advice tailored to your circumstances.