The Morrison Government will provide a historic wage subsidy to around 6 million workers who will receive a flat payment of $1,500 per fortnight through their employer, before tax.
The $130 billion JobKeeper payment will help keep Australians in jobs as tackle the significant economic impact from the coronavirus.
The payment will be open to eligible businesses that receive a significant financial hit caused by the coronavirus.
The payment will provide the equivalent of around 70 per cent of the national median wage.
For workers in the accommodation, hospitality and retail sectors it will equate to a full median replacement wage.
The payment will ensure eligible employers and employees stay connected while some businesses move into hibernation.
Prime Minister Scott Morrison said the JobKeeper payment would bring the Government’s total economic support for the economy to $320 billion or 16.4 per cent of GDP.
“We will give millions of eligible businesses and their workers a lifeline to not only get through this crisis, but bounce back together on the other side,” the Prime Minister said.
$130 BILLION JOBKEEPER PAYMENT TO KEEP AUSTRALIANS IN A JOB added by Indian newspaper Sydney on
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