$130 Billion Package To Support 6 Million Australian Workers

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$130 Billion Package To Support 6 Million Australian Workers

The Federal Government announced a $130 billion package to support as many as 6 million Australian workers whose livelihoods have been hit by the pandemic.

At the centre of that is a $1,500-per-fortnight JobKeeper payment for employees of businesses who have lost 30 per cent (or 50 per cent for businesses with annual earnings of $1 billion). The idea is that the employer pay the employees this flat rate, provided they were on the books as of March 1, and the Government would reimburse those businesses.

Not for profits, charities and other things of that nature are included.

People eligible for to receive the $1,500 payment include:
Full-time workers
Part-time workers
Casual employees who have been with their employer for at least 12 months
Sole traders
New Zealanders on 444 visas

This measure will be delivered through the Australian Taxation Office so as to continue using existing infrastructure rather than create a new mechanism.

As far as JobSeeker goes, people cannot claim both, so if you have already applied for JobSeeker but would like to go to JobKeeper instead, Scott Morrison suggested speaking to your employer so you can be moved across to this new payment.

However, if you’re only claiming JobSeeker, the partner pay income test, which was once restricted to an annual wage around $40,000, has now been boosted to just under $80,000.

Source:
https://www.abc.net.au/news/2020-03-30/coronavirus-live-updates-covid-19-latest-news-new-restrictions/12101046

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