Coronavirus (COVID-19) updates

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JobKeeper Update

Media Releases

Date : 21 April 2020

Author: The Hon Josh Frydenberg MP

The Hon Josh Frydenberg MP
Treasurer

MEDIA RELEASE

24 April 2020

JOBKEEPER UPDATE

The Morrison Government’s historic $130 billion JobKeeper payment will support millions of Australian jobs and help cushion the blow from the severe economic impact from the coronavirus. 

The $1,500 per fortnight JobKeeper payment is the equivalent of about 70 per cent of the median wage and represents about 100 per cent of the median wage in some of the most heavily affected sectors, such as retail, hospitality and tourism.

Around 900,000 businesses expressed interest in the JobKeeper scheme prior to enrolment.

Enrolments opened at the start of the week and so far more than 400,000 businesses have enrolled covering around 2.4 million employees.

To ensure the integrity and the efficient operation of the JobKeeper payment the Government is clarifying the operation of the rules:

The banks have also agreed to setup special hotlines to help businesses who need finance to bridge the gap until the first JobKeeper payments are made. The banks have also agreed to bring JobKeeper-related applications to the front of the queue and work with the ATO to accelerate the finance assessment process.

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