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$1,500 JobKeeper subsidy to keep staff employed

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The Government yesterday released a $130 billion JobKeeper payment.

More infromation:

 

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

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