The Government yesterday released a $130 billion JobKeeper payment.

More infromation:

• Treasury fact sheets
• Treasurer’s media release
• ATO intent to register for JobKeeper

What we dont know

• Detail of exactly how the turnover reduction will be calculated
• How sole traders, contractors, partners in a partnership will access the subsidy (although we know they can)
• Whether the employer must maintain current salaris for staff who are being paid more than $1,500

The Prime Minister has stated that they will recall Parliament to pass the JobKeeper initiative. We’ll keep you updated.

Click here to view the $1,500 JobKeeper Subsidy