Changes to JobSeeker and JobKeeper
Changes to JobSeeker and JobKeeper will soon come into affect:
Those on the JobSeeker scheme currently receive a total of $1115 a fortnight. This will change on 24 September to $815 a fortnight and will last until 31 December.
Further announcements will be made regarding the change to this scheme for 2021 at a later date. People on JobSeeker are still required to apply for four jobs a month to continue receiving payments.
The JobKeeper supplement is currently set at a rate of $1500 a fortnight. This changes on September 28 to $1200 a fortnight. However, if you work fewer than 20 hours a week you will receive $750 a fortnight. These changes will last until 3 January 2021.
It will again change on January 4 to $1000 a fortnight, or $650 for those working fewer than 20 hours a week. This further change will last until March 28 2021.
For a business to access the JobKeeper extension to January 3, they will have to show that their GST turnover has significantly fallen in the June quarter and the September quarter. Businesses with a turnover of $1 billion or more need to prove a 50 percent decline, while businesses under the threshold of $1 billion will need to prove a 30 percent decline.
Charities and not-for-profit organisations must prove a 15 percent decline. This does not include schools and universities.