Today the Federal Government announced the JobKeeper Payments Program, a wage subsidy support package for eligible businesses to keep their staff employed during this emergency.
The AADA is examining the detail and seeking clarification on how this program will be implemented. We are talking to our members and liaising with Treasury. Members can find more details here.
The JobKeeper Payments Program consists of a payment of $1,500 extended to full and part-time employees, as well as casuals who have been with the business for 12 months or more. It will also apply to employees already stood down after 1 March 2020.
Eligibility is for businesses who have suffered a reduction of:
- 30 percent or more of turnover.
- 50 percent or more of turnover for businesses with a turnover of a Billion dollars or more.