The Federal Government has announced an extension of the JobKeeper scheme until March 2021. There will be a two-tiered payment in place with a lower rate for casuals and part-time workers which more closely aligned with hours worked.
The Morrison government will cut the JobKeeper wage subsidy at the end of September to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500.
The scheme is being extended until March 28 next year, but will be revised down further at the start of January to $1000 for full-time workers and $650 for part-time employees working 20 hours a week or less.
Businesses will be reassessed with a turnover test in early October and early January to ensure the level of support is still required.
The ARA’s Paul Zahra said “payments will be more closely aligned with the wages of part-time and casual employees, which will foster greater workplace cooperation and provide greater incentive to return to work”.
Any further information will be distributed when it comes to hand.