Who’s an eligible employer for the JobKeeper Payment?
You’re eligible if,
- Your business has a turnover of less than $1 billion, and it’s fallen by more than 30 per cent (of at least a month)
- Your business has a turnover of $1 billion or more, and it’s fallen by more than 50 per cent (of at least a month)
- Your business is not subject to the Major Bank Levy
As a business owner, you need to ensure all workers in the workplace, regardless of their type of employment, will get treated the same. Whether they are full time, part-time or casual as long as they were employed on 1 March, they are eligible. For casual employees, however, they must have been employed from your business for the last 12 months and no less.
The Australian Government is working vigorously to help and assist us business owners as much as possible. For workers and businesses who have been hit the hardest like, hospitality, retail, fitness, accommodation and others this payment equates to a full median replacement wage.
Business owners, you’re probably thinking, but what about the employees I had to stand down due to the COVID-19 pandemic?
Well, the excellent news is that although all business owners won’t be receiving this payment per employee until the first week of May, employers should wherever possible start making arrangments to keep our workers who have been stood down since 1 March re-employed.
The Australian Government is calling this subsidy “building a bridge” as it’s helping business owners and our employees keep connected until we’re on the other side of the Corona economic disaster. Scott Morrison wants to maintain a connection between workers and employees by continuing people in their jobs even though the business they work for may go into hibernation and possibly close down for 6 months. Once the economy begins to come back, our businesses will be able to start again easier, and your workforce will be ready to join you because they will remain attached to your business.
If you’ve had to stand down employees without pay, they should receive the $1,500 payment without being required to attend working in your business. As an employer, if you have work for your employees to perform during the standdown period, then those will receive their regular pay. Still, you, as the employer, will continue receiving $1,500 per fortnight as a stimulus for maintaining your employees.