Eligible business’ will get $1500 per fortnight as a ‘job keeper’ payment. This payment will start to flow through in the first week of may but will be back dated to todays date (March 30th).
To be eligible your business must meet the following criteria:
- Turnover must have fallen by more than 30% since the outbreak of the virus
- All permanent employees, employed on 1 March are eligible for the payment
- Casual employees who have been employed for a period greater than 12 months are also eligible
If these criteria are met, your business will receive the $1500 per fortnight payment per eligible employee.
The federal government have announced additional support for small and medium business’ that employ people. These eligible business’ will now receive a full rebate on income tax withholdings up to $100,000. This story is still developing and we will continue to keep you updated as more information comes to light.
The intent behind these payments is to sustain your business’ through these difficult times and keep as many of us in employment as we can.