The Prime Minister has just announced $130 billion economic stimulus package to keep more Australian workers employed.
This includes a $1,500 payment per fortnight to employers to keep employees on the books.
These payments will be delivered through the ATO. Employers will have a legal obligation to pass the full wage subsidy on to employees.
Job Keeper payments will be available to part-time workers and casuals who have been in their job for at least one year. They will also be available to not-for-profit employees and New Zealanders who work in Australia but are typically unable to access welfare programs.
The $1,500 Job Keeper payment is a flat payment and is the equivalent of around 70 per cent of the median wage. In sectors most impacted by the coronavirus including retail, hospitality and tourism, it represents about 100 per cent of the median wage.