
JobKeeper – The Finer Details
written by:
Josh McMullen
Late on Friday, explanatory materials were released by Treasury in relation to the JobKeeper payment that has now been passed into law. The explanatory material clarifies many key aspects of the regime. Background On 30 March 2020, the Federal Government unveiled their largest economic response to the Coronavirus, a $130-billion government wage subsidy known as the JobKeeper payment. Under the JobKeeper, businesses impacted by the Coronavirus will be able to access…