Inspire9 Business News, update!
On the 21st of July 2020, the Prime Minister and Treasurer announced the changes to Job Keeper and Job Seeker (formerly new start allowance).
Job keeper will now be extended until the 28th of March 2021 and the temporary Coronavirus supplement for those on job seeker will be extended until 31 December 2020.
Key Points
From 28 September 2020, JobKeeper will be reduced from $1,500 a fortnight to $1,200 for full-time workers and to $750 for part-time workers (less than 20 hours of work a week).
From 4 January 2021, this will be reduced to $1,000 for full-time workers and $650 for part-time workers.
Eligibility
From 28 September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility with reference to their actual turnover in the June and September quarters 2020.
Organisations will need to demonstrate that they have met the relevant continuing decline in turnover test in both of those quarters to be eligible for JobKeeper from 28 September 2020 to 3 January 2021.
Organisations will need to further reassess their eligibility in January 2021 for the period from 4 January to 28 March 2021. Organisations will need to demonstrate that they have met the relevant continuing decline in turnover test in each of the previous three quarters to remain eligible for the March 2021 quarter.
From 11.59 pm on Wednesday 22 July, you must wear a face-covering over your nose and mouth whenever you leave your home unless an exception applies.
Let’s do this and help stop the spread.
Business Support Grant
If you business has been affected by the current restrictions, you could be eligible for a $5,000 grant from business Victoria.
Applications close Wednesday 19th of August, 2020.
For questions on the grant please call Business Victoria hotline on 13 22 15.
No matter how the COVID-19 pandemic is affecting you, Beyond Blue has developed a range of information, strategies and expert advice to support your well-being.