$1,500 JobKeeper subsidy to keep staff employed
Yesterday the Government announced the $130 billion JobKeeper payment plan. The payments are to be made by the ATO in arrears to the employer with the payments starting in May. But how does this work and who is eligible? This article cover what we know currently, but there are a number of details that we do not know until the legislation is released including how the turnover reduction will be calculated and how sole traders, contractors, partners in partnerships will access the subsidy.