Eligibility for JobKeeper to be eased for businesses
The eligibility criteria for JobKeeper will be eased for businesses and employees, with an extra $15 billion being added to the scheme.
Treasurer Josh Frydenberg will announce on Friday that businesses will only need to show that their GST turnover had fallen over one quarter instead of multiple to qualify for the scheme’s extension.
The initial JobKeeper will finish on September 28, with businesses and employees needing to apply for the extension.
Now, businesses will only have to show their GST turnover has fallen in the June quarter, compared to the corresponding quarter in 2019, to be eligible after September 28.
Under the previous guidelines, a business needed to record a loss in the June and September quarters.
Prime Minister Scott Morrison described the revised guidelines as “doing whatever it takes”.
“Our response is to get the right support to all those Australian families, workers and businesses that need us, as these circumstances change,” Mr Morrison said.
“This means more support for more workers and more businesses for longer, as we battle this latest Victorian wave.”