What is this JOB KEEPER allowance about?
Job Keeper has been announced (not yet legislated) to assist all parties, it's a fantastic initiative!
Finer details are not yet understood on how/when this applies as at today 2nd April 2020.
What we do know:
It will apply to businesses who turn over <$1b who have had a 30% drop in revenue.
It will apply to FT / PT staff + 12mth casuals who were employed as at 1st March 2020
It will be applicable from 30th March 2020
It is a payment of $1500 / fornight for eligable workers in eligable businesses
It applies to all entities - including sole traders / trusts / NFP etc too
Payments will likely hit employers in May
It is to be passed through to legislation within next 7 days - by 9th April - so more details will be known then how any particular examples of when is does or doesn't apply
Eligible businesses should apply now https://www.ato.gov.au/Job-keeper-payment/
We'll keep all of our clients and subscribed visitors up to date as we know more.