PM announces $130 billion job keeper package

The Prime Minister has announced an investment of $130 billion to subsidies wages in order to ensure Aussies keep their jobs and businesses reopen following the coronavirus health crisis.

The government has announced a wage subsidy package which will include a $1500 a fortnight "job keeper" allowance for Businesses and not-for-profits who will be eligible after a downturn in revenue of 30 per cent.

The aim of the package is to enable businesses to keep their staff employed through the coronavirus pandemic, and is applicable to full and part time workers, sole traders, and casuals who have been with their employers for 12 months or more.

Employers and sole traders will be apply to apply for the package from today, the payments will be released from the first week of May and backdated to today.

If employees have been stood down by their employer since March 1, they are still eligible for these payments.

If you have any queries in relation to this, or any other matter, please don't hesitate to contact us.


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