Businesses significantly impacted by the coronavirus outbreak are able to access a wages subsidy to continue paying their employees.
The Australian Government's JobKeeper program allows businesses to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of 6 months.
Sole traders and some other entities (such as partnerships, trusts or companies) may be entitled to the JobKeeper payment scheme.
JobKeeper will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
From 3 August 2020 the relevant date of employment will move from 1 March to 1 July 2020, increasing employee eligibility for the existing scheme and the extension.
From 28 September 2020 until 3 January 2021, businesses will be able to claim $1200 per full-time employee and $750 per part-time employee each fortnight.
From 4 January until 28 March 2021, businesses will be able to claim $1000 per fortnight per full-time employee and to $650 per part-time employee each fortnight.
Apprentice and trainee subsidies
Eligible employers can apply for a wage subsidy of 50% of an apprentice’s or trainee’s wage.
The JobTrainer funding program announced by the Australian Government in July 2020 will expand eligibility for businesses seeking apprentice and trainee subsidies.
The wage subsidy will be extended to March 2021.
More help for retaining employees
There are other measures you can access to help you pay wages and retain employees:
Making long service leave more flexible
Temporary changes to the Long Services Leave Act 1955 allow employees to take leave in shorter blocks, such as one day a week, and without the traditional one-month notice period, by agreement with their employer.
Last updated: 11 August 2020