The Federal Government has announced that the JobKeeper scheme will be extended to 28 March 2021. It was previously scheduled to end on 27 September 2020. There will be changes to both the eligibility requirements and payment amounts.
- The fortnightly payment of $1,500 will be reduced to $1,200 from 28 September 2020 and $1,000 from 4 January 2021.
- A new two-tiered payment structure will be introduced from 28 September 2020, which will reduce the payment rates for employees who worked fewer than 20 hours per week in February 2020.
The eligibility rules for employees remain unchanged. Particularly noting that the employees must have been employed as full-time, part-time or long-term casual (employed on a regular and systematic basis for at least 12 months) as at 1 March 2020.