The Federal Government has announced it will give
struggling businesses a $130 billion bump to keep more Aussies
employed during the COVID-19 crisis.
Who gets the JobKeeper subsidy?
Businesses that have an annual turnover of less than $1 billion
and self-assess they have a reduction in revenue of 30% or more
since 1 March 2020 (over a minimum one-month period), will be
eligible to receive the JobKeeper subsidy.
Businesses that have an annual turnover greater than $1 billion
will need to demonstrate a 50% reduction in revenue to be eligible.
Sole traders are also eligible to apply.
How do employees fit into the equation?
The JobKeeper payment has the specific aim of subsidising
employee wages. It is available for any employees who were on the
books as at 1 March 2020, which includes full-time and part-time
employees, as well as casual staff that have been with the business
for at least 12 months. And yes, employers can bring back recently
sacked staff and
