New Job-Keeper Payment Announced
March 30, 2020
The government will pay employers to keep employees with a new Job-Keeper Payment
The federal government has announced a new $1,500 per fortnight payment for employees of businesses who are suffering a downturn.
Any small business whose turnover has fallen by 30% or more will be eligible. Eligible employees include:
- Full time workers
- Part time workers
- Casuals over 12 months
- Sole traders
The payments will be made by the ATO to employers to pass on to their employees. Any employee who was on the books as at 1 March 2020. Payments will flow from 1 May 2020 and be backdated to 30 March 2020. Employees who have previously been stood down will still be eligible.
Employers must be using the Single Touch Payroll (STP) system to be eligible. If you are not yet using STP, get in touch with us to get registered today.
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