Businesses finally have clarity for the JobKeeper payment
scheme, with the Federal Government prescribing new rules for the
$1,500 JobKeeper payment. The Coronavirus Economic Response
Package (Payments and Benefits) Rules 2020
(Rules) helpfully detail eligibility requirements
and conditions of the scheme.
The scheme took effect on 9 April 2020 under the Coronavirus
Economic Response Package (Payments and Benefits) Act 2020
(Act). The JobKeeper payment will be available for
a period of 26 weeks for the fortnight beginning 30 March 2020 up
to the fortnight ending on 27 September 2020.
Eligible businesses will receive a fixed payment of $1,500 per
fortnight per eligible individual as long as the business has
satisfied the wage condition of having already made payments to the
eligible person equal to or greater than the amount of the
JobKeeper payment (less PAYG withholding and salary packaging)
during the relevant fortnight.
