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COVID-19: examining the JobKeeper payment and other worker benefits

The Federal Government has announced a series of extraordinary fiscal measures designed to protect the jobs and incomes of Australian workers as part of its response to the economic consequences of the COVID-19 pandemic.

This includes a A$130 billion ‘wage subsidy’ scheme: the JobKeeper payment.

Following the announcement of this scheme on 30 March, there is likely to be significant and immediate pressure on employers to start making payments to workers who have been stood down and to rehire workers who have been made redundant. This is not without risk for some employers.

In this new report we summarise:

  • what is known about the JobKeeper payment announced on 30 March 2020 
  • the questions employers should be asking about the scheme; and 
  • the other entitlements available to workers who are affected by COVID-19 but who may not be able to access the JobKeeper payment.

You can access a copy of COVID-19: examining the JobKeeper payment and other worker benefits here, or click the ‘DOWNLOAD PDF’ button. 


This article is part of our insight series COVID-19: Navigating the implications for business in Australia and beyond. To get notified by email when new COVID-19 insights are released, please subscribe for updates here.


Authors

TUCK-john-highres_SMALL
John Tuck

Head of Employment and Labour

BURNS_Paul_SMALL
Paul Burns

Partner

PAYNE-mark-highres_SMALL
Mark Payne

Partner


Tags

Board Advisory Employment and Labour Tax Corporate/M&A

This publication is introductory in nature. Its content is current at the date of publication. It does not constitute legal advice and should not be relied upon as such. You should always obtain legal advice based on your specific circumstances before taking any action relating to matters covered by this publication. Some information may have been obtained from external sources, and we cannot guarantee the accuracy or currency of any such information.