Last Tuesday (21/07/2020), the Australia Treasury announced that they are going to extend the JobKeeper payment up to 28 March 2021, six months longer than the initial deadline. According to Prime Minister Scott Morrison, the newest reports on JobKeeper and JobSeeker have shown how both schemes helped businesses to stay afloat during this time. “The […]
The government has released more detail about the much-anticipated changes to the JobKeeper program. In a press conference, the Prime Minister, the Hon Scott Morrison and the Treasurer, the Hon Josh Frydenberg announced a new and more targeted version of the JobKeeper program will commence from October 2020. The changes will take effect from 28 […]
It’s been almost 30 years since Australia last experienced a recession and almost 10 years since the country recorded a negative GDP growth, which was back in 2011 when the Queensland flooding and Cyclone Yasi hit. With the latest downturns in Australia’s quarterly GDP reports, as well as the economic effects of the pandemic, the future […]
The JobKeeper scheme has done incredibly well in terms of protecting many jobs and livelihoods, but it fails to address the looming problem of incoming redundancies and folding businesses. COVID-19 has significantly changed the business landscape. September (when the scheme ends) will look extremely different to this year’s February, which now seems to be in […]
The JobKeeper scheme has confused many employers and business owners since it was introduced, and now the confusion centres around asking employees to return to the workplace, mainly due to people’s coronavirus Health & Safety concerns. Perhaps the discomfort with returning to work is also somewhat due to people’s new preference to work remotely, or to continue […]
JobKeeper is the definition of policy made on the run. At the time, it was very important to roll something out quickly to cushion the full brunt of the economic fallout of COVID-19. However, now that the scheme has been running for a few weeks, and with recent developments around the scheme’s true cost, there […]
The announcement of the government’s $130 billion JobKeeper Payment scheme was greeted with a sigh of relief for many businesses who are struggling with paying staff wages as part of the financial challenges caused by coronavirus (COVID-19). The scheme supports businesses significantly affected by the coronavirus to help keep more Australians in jobs and is […]
With JobKeeper now open for enrolments, many Australian businesses have jumped on board. Worth $130 billion, the scheme is designed to help businesses affected by COVID-19 to cover the costs of their employees’ wages, enabling more employees to retain their jobs and continue to earn an income. Eligible businesses can receive and forward on $1,500 […]
Business owners should remain cautious but optimistic, following the passing of the Federal Government’s $130 billion JobKeeper stimulus package through parliament, according to Employsure, Australia’s leading workplace relations company. The short term “Just because the legislation has passed, it doesn’t mean a business owner is automatically eligible,” said Employsure Managing Director Ed Mallett. “While it […]
Business owners are being urged to register for the JobKeeper allowance despite trepidation and confusion from many around the scheme, according to a leading tax expert. Pilot Partners head of taxation Murray Howlett said business owners who took a ‘wait and see’ approach to the scheme could be missing out on a huge financial incentive. […]
