JobKeeper scheme: keeping Australians in a job - updated 1 April 2020 has been saved
JobKeeper scheme: keeping Australians in a job - updated 1 April 2020
On 30 March 2020, the Australian Government announced a third round of stimulus and support to the economy. This follows previous announcements on 12 March 2020 and 22 March 2020. Under the JobKeeper scheme, the Government will pay eligible employers a wage subsidy, being a flat payment of $1500 per fortnight for an estimated 6 million eligible employees. As the name suggests, the scheme is targeted at keeping employees in a job. The scheme is proposed to run for 6 months, at a cost of $130 billion.