Businesses Rush to Claim Government Support

Tuesday, March 31st, 2020

More than 30,000 businesses have already applied for the federal government’s “JobKeeper” subsidy.

The government announced that $130 billion will be made available to encourage companies to keep their workers on the books.

A number of businesses have been forced to temporarily shut, or have seen their turnover decrease as a result of of the COVID-19 downturn.

They’ll now be given $1,500 a fortnight, which they must pass on to each their employees.

Federal Treasurer Josh Frydenberg says the move is designed to prop-up the economy.

“It’s more generous than the New Zealand scheme, it applies to a much broader range of businesses and workers than the United Kingdom scheme, and I think it will make a real difference at this time,” says Mr Frydenberg.

The money will kick-in from May, and apply to full- and part-time workers, sole traders, and casuals who’ve been with the same company for more than a year.

 

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