As we try to catch a breath from all the chaos going on with Coronavirus, we just got word of the Australian Government’s latest stimulus package. This package focuses on the ‘job keeper’ payment, aimed at helping businesses keep their staff, which will be a lifeline for many people over the coming months.
Here a quick overview of what it means:
This payment will be paid in arrears. Employers are encouraged to keep paying employees, with the understanding the government will reimburse them $1,500 a fortnight, per employee, backdated to today.
The payments will flow from the first week of May and will be backdated to today (30th March 2020).
Prime Minister Scott Morrison stresses that the engine of the economy needs to keep moving and understands the coming weeks may be tough.
More info will be added to the government’s website in the coming days.
We know that this is a difficult time for many people, but please remember we are here to help. We aim to help you navigate the issues this virus and its impacts raises. If you have any questions about stimulus packages or your business in general, please get in touch with us.
We can set up a phone call or online meeting as we continue to work remotely.
Wishing you and your family all the best.
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