JobKeeper first monthly report due
If your business is signed up to receive the JobKeeper payment subsidy, the first monthly report is due BEFORE you get paid.
COVID-19 week in review
- The registration date for JobKeeper payments has been extended to 31 May 2020.
- The Prime Minister criticised the banks for the delay in processing loan applications under the coronavirus guarantee loans that have been funded with $105 billion supplied by the Reserve Bank and the Australian Government. These loans are for a maximum of 3 years up to an amount of $250,000 at a low-interest rate to assist businesses with working capital requirements. Banks responded to the Prime Minister’s criticism by the release of JobKeeper hotline phone numbers.
- To access the support incorporated within the “Commercial Tenancy Code” a business needs to qualify for the JobKeeper program even if the business operators do not wish to access the $1,500 per fortnight per eligible employee subsidy supplied by the Federal Government.
- Do you employ apprentices? If so, you may be able to access a subsidy from 1 January 2020 to recover 50% of your apprentices’/trainees’ wages for the period 1 January – 30 September 2020. Businesses with fewer than 20 employees can recover 50% of the apprentices’/trainees’ wages up to a maximum of $7,000 per quarter for the nine-month period ending 30 September 2020. For more details on how the Apprentice/Trainee Subsidy Scheme go here.