JOBKEEPER LIFELINE: Business support programs extended beyond September | Sky News Australia

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
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