WHO IS ELIGIBLE?
Businesses
● Small and medium businesses that suffer a 30 per cent fall in turnover since March 1.
● Larger businesses (more than $1bn turnover) that suffer a 50 per cent fall since March 1.
● Businesses will self-assess their fall in turnover over a minimum one-month period.
● Businesses that receive the major bank levy are not eligible.
Employees
Any employee who has been on a company’s books since March 1 including:
● Full-time workers
● Part-time workers
● Casuals who have served 12 months or more
● Category 444 visa holders from New Zealand
If you were laid off, call your employer to discuss whether they are applying for the subsidies. They will still be eligible to re-employ you and get the subsidy if you were on the books on March 1.
If you get a JobKeeper subsidy, you will not get a Jobseeker welfare payment.
HOW WILL IT WORK?
● Businesses can pass the subsidies to employees from now.
● Companies will be reimbursed by the Australian Taxation Office from the first week of May.
● The ATO will hand out the subsidies through monthly arrears.
● Employers can apply for JobKeeper subsidies online now at
https://www.ato.gov.au/general/gen/JobKeeper-payment/
● The ATO will also ensure the subsidies get to workers, and they are not abused by employers