The Government has announced extensions to the Covid-19 support packages for Jobkeeper and Jobseeker for qualified businesses and individuals. The Jobkeeper support will move to a 2 tier reduction in payments model after September 2020, which will require business to justify their reduction in GST turnover to qualify. Jobkeeper will also provide a reduced payment for casual employees who work less than 20 hours per week.
For Jobseeker recipients, the extra amount paid due to Covid-19 is being reduced after September to $250 per fortnight bringing the total payment down from $1,115 to $815. Recipients will be allowed to earn up to $300 per fortnight before the payment is affected.
Further details are available on the ATO’s website.