SUMMARY:
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.
AEA COMMENTARY:
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, AEA vice president of government and industry affairs, by email at ricp@aea.net or by phone at 202-589-1144.