Jobkeeper – What’s Available To Me?

The Jobkeeper Payment is part of a $130 billion dollar stimulus package announced by the Federal Government.

Eligible businesses including sole traders impacted by the Coronavirus will be given access to a subsidy in order to continue paying their employees.

Payments Made Under The Jobkeeper Scheme:

The Jobkeeper Payment is part of a $130 billion dollar stimulus package announced by the Federal Government.

Eligible businesses impacted by the Coronavirus will be given access to a subsidy in order to continue paying their employees.

What This Means For The Employee:

For employees who’s employers participate in the scheme it means the following:

  • If an employee ordinarily receives $1,500 or more in income per fortnight before tax, they will continue to receive their regular income according to their prevailing workplace arrangements. The JobKeeper Payment will assist their employer to continue operating by subsidising all or part of the income of their employee(s).
  • If an employee ordinarily receives less than $1,500 in income per fortnight before tax, their employer must pay their employee, at a minimum, $1,500 per fortnight, before tax.
  • If an employee has been stood down, their employer must pay their employee, at a minimum, $1,500 per fortnight, before tax.
  • If an employee was employed on 1 March 2020, subsequently ceased employment with their employer, and then has been re-engaged by the same eligible employer, the employee will receive, at a minimum, $1,500 per fortnight, before tax.

Superannuation Guarantee Payments:

Employers must continue to pay the superannuation guarantee on regular wages but it’s at their discretion as to whether or not they pay superannuation on job keeper payments.

This means that an employer who’s employee would normally receive $1000 a fortnight (plus super) but is now receiving the $1500 job seeker payment will have to pay the superannuation guarantee on the $1000 but can choose whether or not to pay it on the remaining $500.

Eligibility Criteria For Employers:

An employer (or self-employed person) may be eligible for the payment if:

  • Their business has less than $1 billion in annual revenue that has fallen by more than 30 per cent (of at least a month)
  • Their business has more than $1 billion in annual revenue and have had that fall by more than 50 per cent (of at least a month) and
  • The business is not subject to the Major Bank Levy.

For more information you can visit the Federal Government’s fact sheet here.

Eligibility Criteria For Employers:

An eligible employee is an employee who:

  • Is currently employed by the eligible employer (this includes employees who had been stood down or re-hired)
  • Were employed by the employer at 1 March 2020
  • Are 16 years of age or older
  • Are not in receipt of a Jobkeeper payment from another employer
  • Are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category who has been residing in Australia Continually for 10 years or more, or a Special Category (subclass 44) visa holder.

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