01 April 2020
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:
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.
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.