Some relief for businesses and employees this afternoon with the Government releasing details about their Stimulus Package 3 “Jobkeeper”. Parliament will be recalled in order to pass the legislation required for the package, which will be paid from May but backdated to the beginning of March.
Businesses will be paid up to $1,500 a fortnight for each employee, as part of a “jobkeeper allowance” announced by Prime Minister Scott Morrison today. The $1,500-per-fortnight flat payment will be given to employers who have lost 30 per cent or more of their revenue to pass onto their employees in order to keep them on the books during the COVID-19 crisis.
The payment will apply to full-time workers, part-time employees, sole traders and casual workers if they have been with a business for more than 12 months, with all workers receiving the same amount regardless of employment type or salary.