$1,500 JobKeeper subsidy to keep staff employed
|Applies to||Based on comparable periods:
A subsidy of $1,500 per fortnight per employee, administered by the ATO, will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn).
To be a part of the subsidy, employers will need to ensure that their employees receive at least $1,500 per fortnight (before tax). See below link for more detail.
Register your interest
What we dont know
- Detail of exactly how the turnover reduction will be calculated
- How sole traders, contractors, partners in a partnership will access the subsidy (although we know they can)
- Whether the employer must maintain current salaries for staff who are being paid more than $1,500
The Prime Minister has stated that they will recall Parliament to pass the JobKeeper initiative. We’ll keep you updated.
Our team at Lee & Lee are here to help you. Please call us on 07 3103 8551 to discuss further about how we can help you!