I noted last week how the Coalition’s $130 billion Job Keeper wage subsidy was overly complex and missed too many employers:
According to the fact sheet: “Employers will be eligible for the subsidy if their business has a turnover of less than $1 billion and their turnover will be reduced by more than 30 per cent relative to a comparable period a year ago (of at least a month)”.
Too bad if your turnover has only fallen by 29% and you are still facing financial ruin. What do employees in these businesses do? If they have been stood down, they must instead apply for the lower $1100 a fortnight Job Seeker (formerly Newstart) scheme.
