More companies to get JobKeeper from September in $15 billion backflip

Mr Frydenberg warned of a "severe" impact on the national economy from the Stage 4 closures in Victoria.

Treasury estimates the cost of the changes at $15.6 billion this financial year and expects $4.5 billion of this to come in the seven weeks to the end of September as companies seek help from the latest shutdowns.A crucial change also updates the pool of employees who can receive the payment by changing the "reference point" for their employment.Previously, an eligible employee must have been employed on March 1.

Prime Minister Scott Morrison will convene a national cabinet meeting with state and territory leaders on Friday with an agenda that covers freight issues, aged care policy, the Victorian outbreak, skills reforms and the federal review of hotel quarantine breaches.JobKeeper will still drop from $1500 per fortnight today to $1200 from the first week of October and $1000 from the first week of January, before it stops at the end of March.

The rules announced on July 21 were especially strict for companies that wanted to receive JobKeeper from January through to March, requiring them to show a fall in turnover in the June, September and December quarters of this year.A government background document says the changes mean employers will only be assessed on actual turnover in the previous quarter before the next phase of the payment.

Labor treasury spokesman Jim Chalmers called on the government on Tuesday to reconsider its JobKeeper changes, saying the deterioration in Victoria meant workers would need more help.

Nearly 4 weeks ago a dumb arse like myself was predicting where we were heading with covid in Vic-why couldn’t the ‘smart’ people? Had action been sooner would we really be up shit creek right now? DanielAndrewsMP VictorianCHO

How long can the White European community of Australians like Fydenburgh live on other peoples money?

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More companies to get JobKeeper from September in $15 billion backflipEmployers will gain easier access to the JobKeeper wage subsidy from the end of September in a $15 billion federal backflip to deal with the economic damage from sweeping Victorian shutdowns. political_alert It’s so people can pay rent and mortgages which decreases defaults and ...wait.... The Big Short 2 What a house of cards and they're just trying to put out spot fires everywhere. Let them burn or fall. The economy is heading for a reset at they're throwing money at it willy nilly. Brrrrrrrr Bitcoin What about childcare centres? Corrupt Dutton owns one. Why doesn't he ensure they are looked after.
Source: smh - 🏆 6. / 80 Read more »