In a highly anticipated statement, the Federal Government yesterday announced changes to the JobKeeper scheme which will extend past September and through to March 2021, but at a stepped-down rate. In summary, the key details are listed in the table below:
|Until 27 September||From 28 September to 3 January 2021||From 4 January to 28 March|
|JobKeeper (Over 20 Hours a Week)||$1,500/fortnight||$1,200/fortnight||$1,000/fortnight|
|JobKeeper (Less Than 20 Hours a Week)||$1,500/fortnight||$750/fortnight||$650/fortnight|
|JobSeeker Coronavirus Supplement||$550/fortnight||$250/fortnight until end of 2020||Under Review|
|JobSeeker Totals||$1,115||$1,115 ($815 + $300 of own income)||Under Review|
Further information for members can be found in the Members Only Area of the ACWA Website https://acwa.net.au/members/ in the form of an excellent and easy to read summary of the changes to the scheme. Chartered Accountants Australia and New Zealand have produced this document, and we recommend it as a great place to start to understand JobKeeper 2.0 better.
ACWA is considering running another interactive ZOOM information session for members on JobKeeper 2.0. The session would be headed by an expert panel to explain the intricacies of the scheme and answer your questions. We would love to receive member feedback on the value of such a session.