The JobKeeper wage subsidy will drop from $1500 per fortnight to $1200 for full-time workers and $750 per fortnight for part-time workers. 9News
"They there were to support business and to support Australians through the initial phases of the crisis," Mr Cormann said."Businesses would be expected to pay the wages of their employees out of income rather than on the basis of taxpayer-funded support."About 900,000 businesses have been supported by JobKeeper, including three and a half million Australians, he said."The unemployment rate has been starting to come down again.
"At this stage we have extended the enhanced JobSeeker arrangement and coronavirus supplement at a lower rate to the end of this year. We will continue to assess all the economic data, we will assess the speed with which jobs are being restored and the economy continues to recover and later in the year we will be making further judgments if and as required."
"We want those state borders to be opened as soon as that can safely be done and certainly to have a growing number of doctors making that point obviously is very welcome.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Hundreds of thousands of jobs to return by Christmas’: PMPrime Minister Scott Morrison has backed the controversial decision to cut its coronavirus welfare payments next week, saying he expects “hundreds of thousands” of jobs to return before Christmas.
Read more »
Victoria records 11 new cases of coronavirus, two deathsVictoria has recorded 11 new cases of coronavirus in the past day and two further deaths.
Read more »
Victorian live music industry offered coronavirus grants in $13 million support packageThe Victorian Government announces a $13 million package to help the state's live music industry reopen with COVID-safe plans in place once restrictions ease.
Read more »
The inside story of Australia's coronavirus responseTreasury Secretary Steven Kennedy tells the behind-the-scenes story of Australia's coronavirus response.
Read more »
Victoria records 11 new coronavirus cases and two deathsVictoria records 11 new coronavirus cases overnight. It's the 11th consecutive day the state has recorded a daily infections number below 50.
Read more »
UK facing 50,000 new COVID-19 cases a day if infections aren't curbed, government scientists warnThe UK's top government scientists warn the country will have nearly 50,000 new coronavirus cases a day by mid-October if the current infection rate does not drop.
Read more »