Eligibility for JobKeeper Payment Plan (Coronavirus Impact)
A Program to limit Economic downturn
Everything to know about the JobSeeker Program
The Federal Government has announced its intention to start the JobKeeper payment program which is designed to support employees and businesses affected by COVID-19. This is a long-awaited stimulus measure that assists employers in retaining their workforce. The government estimates that six million workers will receive this payment. Gig economy workers will be covered, as they are sole traders.
The federal government will pay eligible employers $1,500 per fortnight for each eligible worker, about 70% of the national median wage. The subsidies are available for a period of 6 months from 30 March 2020.
In order to receive a payment, both the employer and employee must meet eligibility criteria.
Businesses (including companies, partnerships, trusts, and sole traders), not-for-profits and charities:
With a turnover of less than $1bn that have lost 30% or more of their revenue compared to a comparable period a year ago.
With a turnover of $1bn or more and with at least a 50% reduction in revenue compared to a comparable period a year ago.
The big banks subject to the banking levy are not eligible.
Were employed by an eligible employer at 1 March 2020
It can be sole traders, full-time, part-time, or long-term casuals employed on a regular basis for longer than 12 months as at 1 March 2020.
Are at least 16 years of age.
Are an Australian citizen, the holder of a permanent visa, a protected special category visa, a non-protected special category visa who has been residing continually in Australia for 10 years or more, or a New Zealander on a special category (subclass 444) visa.
Temporary Visa Holders:
Among the non-Permanent Residents and Citizens, only New Zealanders on 444 visas will get the payment because as per the PM, they are part of an ongoing economy in Australia.
As of this point, other temporary visa holders are not eligible for this but in the future, this could be taken under consideration.
Check the Government and ATO Website for updated info: https://treasury.gov.au/coronavirus/jobkeeper
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