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JobKeeper And JobSeeker Update

JobKeeper and JobSeeker update

A summary of what you need to know:

JobKeeper

  • JobKeeper has been extended until 28th March 2021
  • Payments are being reduced twice
  • Will be split into “two tiers” – one for full-time and one for part-time workers
  • From 28th September – fortnightly payments for full-time workers is decreasing from $1,500 to $1,200
  • From 3rd January 2021 – fortnightly payments for full-time workers will drop again from $1,200 to $1,000 a fortnight 
  • Payments for part-time workers are being cut in half
  • If you were working less than 20 hours a week in February 2020 (pre-COVID) – your payment will drop from $1,500 to $750 a fortnight after September
  • At the start of 2021 this will drop again to $650 a fortnight
  • Casual Workers will continue to receive payments depending on how many hours they were working

JobSeeker 

  • JobSeeker supplement will be reduced and extended until December
  • $550 supplement is being reduced after September to $250 a fortnight
  • Total payment will go from $1,115 to $815
  • From end of September, you can earn $300 a fortnight instead of the previous $106 before JobSeeker payment is affected
  • JobSeeker applicants will have to start actively looking for work again

Small Business Owners

  • Employers will have to prove a turnover decline again
  • You will need to reapply to prove you are experiencing hardship again at end of September and then again at start of January
  • Also prove that you have experienced the relevant decline in turnover (30% drop) in all previous quarters to receive the payment
  • If you are applying for the extension from 28 September 2020 to 3 January 2021 – you have to prove your turnover decreased in June 2020 and September 2020 quarters.
  • If you are applying for the extension from 4 January 2021 to 28 March 2021 – you have to prove your turnover decreased in June 2020, September 2020 and December 2020 quarters.
  • Comparable periods for the turnover decrease are the same quarters in previous years

 

 

 

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