On the 30th March 2020 the Government announced the $130 billion JobKeeper payment.
The subsidy of $1,500 per fortnight per employee will be paid to eligible businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn).
Payments to eligible businesses will commence in May.
To access the JobKeeper subsidy you should register your intent to apply for the subsidy with the ATO here. The ATO will provide you with regular updates and advise you when you can lodge your application.
Click here to access further details.
Contact our friendly team on 02 6921 4219 if you have any queries. We're here to help!