JobKeeper and JobSeeker extended but eligibility tightened

·

The Morrison government will cut the JobKeeper wage subsidy at the end of September to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500.

The scheme is being extended for six months, until March 28 next year, but will be revised down further at the start of January to $1000 for full-time workers and $650 for part-time employees working 20 hours a week or less.

The JobSeeker coronavirus supplement will also be reduced at the end of September from $550 to $250 a fortnight, meaning those without a job will have their payments cut back to about $800 a fortnight under the unemployment scheme.

The rate of JobSeeker, formerly known as Newstart, was about $560 a fortnight before the pandemic. This was increased to $1100 with the supplement that was due to end in September, alongside the wage subsidy scheme.

The reduced supplement will be added to welfare payments until the end of the year, when the government will reassess the economic situation, but Prime Minister Scott Morrison said the government anticipates it’s likely there “would need to be some continuation of the COVID supplement post-December.”

“We will have Australian’s backs as we face the ongoing impacts of COVID-19,” Mr Morrison added at a press conference this afternoon.

“There is no silver bullet and this is about delivering the support Australians need and the policies our economy requires to reopen, recover and create jobs.”

Treasurer Josh Frydenberg said the extension of support recognised Australia’s economic recovery was still in its early stages and a number of businesses and individuals remained significantly affected by the global COVID-19 pandemic.

“The Government’s focus remains on reopening the economy where it is safe to do so, but the extension of these measures recognises that some parts of the economy will continue to be affected and need continued support,” the Treasurer said.

Important update

#LIVE: Important update on next steps of our income support measures – JobKeeper and JobSeeker

Posted by Scott Morrison (ScoMo) on Monday, 20 July 2020

“Sadly, as a result of this global health pandemic, businesses will close and people will lose their jobs, but that is why we have extended the Coronavirus Supplement and announced a new skills package to help people transition from welfare to work.

“It is also why we are extending the JobKeeper Payment beyond September to help keep businesses in business and Australians in jobs as our economy reopens.”

The JobKeeper wage subsidy is paid to 960,000 employers, who then pass the full payment onto 3.5 million workers.

Businesses will have to prove they’re still in financial distress each quarter, down at least 30 per cent on pre-pandemic levels, to remain eligible for the program after September.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Dr Christos Theologos: ‘Dance keeps us bound to our roots, from Chios to Sydney’

As part of the Zeibekiko Festival Australia, respected folklorist Dr Christos Theologos will lead a series of lectures and workshops.

South Melbourne turns to supporters ahead of Australian Championship kick-off

The opening clash of the Australian Championship will be an event shaped by the voices of the fans themselves.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

Peta Trimis: The new star of Australian football with a Hellenic soul

At just 19 years old, Peta Trimis is already being hailed as one of the brightest young stars of Australian football.

A second chance at life: Angelo Alateras’ journey from mechanical heart to transplant hope

After years on life support, 80kgs lost, and 615 days of physio, Angelo finally received the gift of a new heart.

You May Also Like

Messages of congratulations for Archbishop Makarios on one year anniversary of enthronement

The Greek Australian community has sent messages of congratulations to His Eminence Archbishop Makarios on the one year anniversary of his enthronement.

With spirit and grit, South Melbourne FC make history

It was a week where all fell into place for South Melbourne FC as they became Dockerty Cup champions and Premiers for 2024.

6 migrants die from cold weather in Greece

Six migrants died of exposure to the cold in recent days in northeastern Greece near its land border with Turkey, a local coroner said...