The Morrison Government has announced the JobKeeper wage subsidy will be extended beyond September, but will be cut from $1500 per fortnight. There will be two rates going forward:
From October 2020:
$1200 per fortnight for full-time workers
$750 for part-time workers (working 20 hours a week or less)
From January 2021:
$1000 per fortnight for full-time workers
$650 for part-time workers (working 20 hours a week or less)
Your rate is determined by what hours you worked in February 2020. If you were on leave or not in work at that time, then the Commissioner of Taxation can suggest an alternative test.
The JobKeeper subsidy is being extended until March 28, 2021, where it will be reviewed again.
All permanent workers and casual workers who have been employed for at least 12 months in their current salon is eligible, if their salon meets the revenue threshold. The Government has not widened eligibility to include casual workers who have been employed for less than a year.
Salons will have to show a 30% drop in revenue, year on year, and there will be new eligibility tests at the end of September and again at the start of January.
September 28, 2020: July-September
January 4, 2021: October-December
Remember, your JobKeeper supplement must be paid in full to your bank account each fortnight. If you work extra hours which puts you over your minimum payment, then you must be topped up by your employer.
The JobSeeker coronavirus supplement will be reduced from $550 per fortnight to $350 per fortnight.
However, from October, workers will be able to earn up to $300 per fortnight without it affecting their JobSeeker payments.
If you have any questions about JobKeeper, JobSeeker, or your rights at work more generally, HSA is here to help. Reach out to us here and we’ll be in touch ASAP!