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JobKeeper will reportedly be extended for Australians until 28 March 2021 at a new lower rate of $1200 a fortnight, with a new turnover test and a part-time rate for casuals:
As revealed by news.com.au, it will be extended at a lower rate when the original $1500-a-fortnight scheme ends in September, but will remain at a rate of $1200 a fortnight until March.
But a new, part-time rate will be offered to casuals after confirmation that around one in four workers on JobKeeper were securing a pay rise that was worth $550-a-fortnight on average – the same amount as the JobSeeker coronavirus supplement…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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