Extension of the JobKeeper payment
The Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the Coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged.
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It should be noted however, that this is a statement of policy and like the initial JobKeeper initiative it will remain necessary for the legislation to be passed to determine your rights and entitlements under the proposed extension.
While there should be less amendments this time round, the fact remains that it is prudent to remember that the policy needs to be passed into legislation before it becomes binding.
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