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JobKeeper Payment Passes the Parliament

April 14, 2020

$130 Billion JobKeeper Payment Passes the Parliament  

The Parliament has now passed the Liberal Government’s $130 billion JobKeeper Payment which will help support jobs, families and businesses across the country.

This unprecedented level of financial support will save millions of jobs and keep families together, businesses in business and preserve the productive capacity of the Australian economy, including on the Northern Beaches

“This is an unprecedented economic support package, the largest in our countries history.” Mr Falinski stated.

The $1,500 per fortnight JobKeeper payment is the equivalent of about 70 per cent of the median wage and represents about 100 per cent of the median wage in some of the most heavily affected sectors, such as retail, hospitality and tourism.

It will be available to full-time and part-time workers, sole traders and casuals who have been with their employer for 12 months or more. Importantly, it will apply to the many Australians working in the not for profit sector.

Combined with the Government’s previous actions, this totals $320 billion or 16.4 per cent of GDP in economic support to Australian businesses, households and individuals affected by the Coronavirus puts Australia in the best possible position to bounce back stronger than ever.

“Extraordinary times demand extraordinary measures.”

“The JobKeeper Payment is an economic lifeline for millions of Australian workers and their families, including on the Northern Beaches.”

“This is vital here on the Beaches and across the country as we prepare to meet the challenges of today and position ourselves for recovery”.

For further information on coronavirus and the Morrison Government’s support measures visit australia.gov.au.

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