Big relief for all small businesses that had to, or were planning to, let go of their staff because of the shut-downs- a wage subsidy of $1,500/fortnight was announced today for all employees that were on the books on 1 March!
All full-time, part-time and casual (employed for more than 12 months) employees that were on the books of eligible businesses on 1 March will receive a $1,500/fortnight wage subsidy paid by the ATO directly to the business. If you have stood them down already, they will still be eligible- if you terminated their employment, you can hire them back!
To be eligible the turnover of the business must have reduced by more than 30% in comparison to the same month a year ago.
Please register your interest to apply for the Job Keeper payment here.
You can find more detailed information here: