The needless complexity of the Morrison Government’s JobKeeper wage subsidy continues to leave thousands of Australian workers without an adequate safety net.
In the spotlight today is the arbitrary 50% turnover reduction threshold for large companies with revenue over $1 billion, which the Business Council of Australia (BCA) claims is far too high. As a result, workers in many large companies may not qualify for the JobKeeper scheme, despite being decimated by the coronavirus:
Business Council of Australia chief executive Jennifer Westacott, whose organisation has about 80 members with an annual turnover of more than $1bn, said the threshold for large corporations was “very high”…
