The Morrison government will reveal on Tuesday its JobKeeper and JobSeeker schemes will be extended beyond September at a reduced rate. The prime minister and treasurer are in Canberra to reveal plans for the COVID-19 support measures, which will continue at their current rates until the end of September. From that point, the JobKeeper rate will be reduced and is expected to become a two-tiered payment system.
Treasury has also recommended the government look at setting a new turnover test for businesses. For those left out of work during the pandemic, JobSeeker payments will also be wound back in two months' time, with the exact rate to be revealed later this morning.
ScottMorrisonMP Maybe if it involves doing some actual work or service for payment?
ScottMorrisonMP Good, it’s needed
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Small business thrown a lifeline as govt expands loan guarantee scheme | Sky News AustraliaSmall businesses are set to receive another lifeline amid the coronavirus crisis as the Morrison government moves to expand its loan guarantee scheme. \n\nThe March program prepared for up to $40 billion in loans to be given out however only $1.5 billion in loans were so far guaranteed, allowing the government to expand the current cap of $250,000 per business to $1 million. \n\nThe time frame over which loans could be paid was also set to be extended from three years to five years. \n\nThe move comes as the Treasurer was expected to provide a budget update on Thursday where he would reveal the future of the JobKeeper scheme. \n\nImage: Getty push people into loans . . . how noble
Source: SkyNewsAust - 🏆 7. / 78 Read more »
'Adjustments' of JobKeeper to be unveiled this week | Sky News AustraliaFinance Minister Mathias Cormann says there will be “some adjustments” to the JobKeeper wage subsidy program ahead of the government’s economic update on July 23.\n\nThis comes as Treasurer Josh Frydenberg confirmed the JobKeeper subsidy would be extended past the planned September deadline.\n\nMr Frydenberg said the Victorian COVID-19 crisis continues to threaten the whole economy, and JobKeeper is required to assist Australians affected by the coronavirus pandemic.\n\n“Once we get to the end of September it will be a matter of making sure any ongoing support is appropriately targeted to those businesses that generally need it,” Mr Cormann told Sky News.\n\n“There will be some adjustments to the scheme, to make sure it is appropriate for the next phase.\n\n“The ultimate objective still has to be getting back into a situation where all businesses are in a position to pay for the wages of their employees out of their income.” MathiasCormann A recent survey found that 2 out of every 3 Australians prefer 'The Outsiders' on Murdoch's Sky on at same time with the brilliant Rowan Dean and Rita Panahi. Switch your insights. MathiasCormann Australia should have never shut down. This is an economic disaster with unknown outcome. All this socialism & gov't meddling will to a crashing halt when they run out of other peoples money. 🤡😎
Source: SkyNewsAust - 🏆 7. / 78 Read more »