Jobkeeper Second Stimulus Package

The origins of jobkeeper on 30 march 2020 prime minister scott morrison announced a 130 billion stimulus package designed to help employers keep employees on their books even if they ve shut down.

Jobkeeper second stimulus package. Jobkeeper package webinar recording 14 april 2020 the federal government s 130 billion jobkeeper package has now passed both houses of parliament. The package sends direct stimulus payments of 600 to individuals half the amount provided in the first round of checks which went out in the spring. The jobkeeper payment will continue until 28 march 2021 and is targeted support to those businesses and not for profits who continue to be significantly impacted by the coronavirus.

The government s economic support package has provided timely support to affected workers businesses and the broader community and has kept australians in work and businesses in business. The 2020 21 budget provides additional support in response to the economic effects of the coronavirus pandemic. The government has also extended the payment period and adjusted the amount of its temporary coronavirus supplement for eligible income support recipients from 25 september 2020 to 31 march 2021.

It s called the jobkeeper payment program and it will provide wage subsidies for up to six months for companies that are suffering. To support employers and their intermediaries that may be taking leave over december and january there s more time to meet certain jobkeeper obligations see key dates. 6 6 coronavirus covid 19 second stimulus package over the past few weeks we ve heard a lot of people distressed about how the stimulus packages doesn t include them so we were happy to hear the latest stimulus package that was announced by prime minister scott morrison on monday 30th march 2020 caters for many who were previously not addressed.

From 4 january 2021 employers must pay their eligible employees at least the correct jobkeeper amount of either 1 000 for tier 1 or 650 for tier 2. Watch out for other videos that tax super australia are creating on the jobkeeper program and the covid 19 federal government stimulus packages. Stimulus package jobkeeper sole traders and other entities latest news itp research team 14 04 2020 the jobkeeper payment is a payment made to eligible businesses and not for profits affected by the coronavirus to.