08/04/2020 – Georgia Hitch – ABC News
The Government’s $130 billion JobKeeper scheme — the largest financial lifeline package in Australia’s history — has just been passed with the support of both sides of Parliament.
It’s expected to be accessed by about 6 million workers.
Before we get to some lingering questions about how the scheme is going to work, here’s a quick recap of what it’s offering:
- Businesses affected by COVID-19 can receive $1,500 per employee, per fortnight
- The businesses must pass the payment on to their staff
- The wage subsidy package is budgeted for six months
- As of Wednesday morning, 750,000 businesses had signed up and that number is growing