Businesses that have been impacted by the Coronavirus can apply for the Governments Jobkeeper Scheme until 31st May.
The JobKeeper subsidy is paid to employers so they will have the funds to keep their employees on the books, including staff that have been stood down and will allow employers to re-hire their staff that they had previously let go due to the Coronavirus. This is applicable to staff that were employed at 1 March 2020, are full-time, part-time or long term (more than 12 months ) regular casuals and are at least 16 years of age and also includes company directors. Self-employed may also be eligible for the subsidy.
Those businesses eligible for the subsidy include;
- Businesses that have a turnover of less than $1 billion and your March 2020 turnover will be reduced by more than 30% in comparison to your March 2019 turnover.
- Businesses that have a turnover of $1 billion or more and your March 2020 turnover will be reduced by more than 50% in comparison to your March 2019 turnover.
If you are eligible for the subsidy, register your interest with the ATO who will then provide the information to get you started.
Employees cannot register for this scheme. This is up to employers to register the company but it is recommended that employees keep in touch with their company to ensure they are aware that you are keen for your job back. Payments are scheduled to last for 6 months from 30 March although no official end date has been given.
For more information.