Hello Everyone,
Hope you are all well and keeping safe .
Please find below details of the most recent incentive introduced to employers & individuals.
JobKeeper Payment
The Government has announced temporary scheme called a “JobKeeper Payment” for employers, employees and sole traders. Businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months.
Self-employed people and sole traders with or without employees, may be eligible to receive the JobKeeper Payment if their turnover has reduced.
Please click below for more details.
Find more details and to check your eligibility, please click this link.
If you are eligible, please register your interest asap using this link.
https://www.ato.gov.au/general/gen/JobKeeper-payment/
JobSeeker Payment-Individuals
The Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This supplement will be paid to both existing and new recipients of the eligible payment categories. These changes will apply for the next six months.
To see your eligibility, please click the link below
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Income_Support_for_Individuals_0.pdf
Victorian Business Support Fund
The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. Funding of $10,000 per business is available and will be allocated through a grant process.
To see your eligibility and to apply, please click the link below. Applications close on 01 June 2020.
Should you have any questions, please do not hesitate to contact me.
Stay Safe!!
Kind Regards,
Tharanga Pathiranage CTA
Partner