COVID-19 update: The Australian government announced a JobKeeper Payment for employers, employees and sole traders. You can find this information and stay up-to-date on the latest support for business on its coronavirus website.
Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of six months.
Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of six months.
Employers will be eligible for the subsidy if:
- Their business has a turnover of less than $1 billion and their turnover has fallen by more than 30% (of at least a month); or
- Their business has a turnover of $1 billion or more and their turnover has fallen by more than 50% (of at least a month); and
- Their business is not subject to the Major Bank Levy.
Learn more about how the JobKeeper Payment can help employers and sole traders.
The AEA team is actively researching and identifying resources to support the membership, their business and their employees. More information can be found on the AEA COVID-19 resource page available to all members.
FOR MORE INFORMATION:
Contact Ric Peri, vice president of government & industry affairs for AEA, by email at email@example.com or by phone at 202-589-1144.