Parliament has signed off on an extension to the $100 billion JobKeeper scheme, meaning recipients will begin receiving a lower rate at the end of the month.
The payment of $1,500 a fortnight is set to drop and if you are on JobSeeker, you should also expect a decrease in your payments.The Government argues that at the end of the month it will be time to start weaning Australians and businesses off of the JobKeeper payment.
If you were a part-timer, then your payment will fall to $750 a week from the end of the month, then to $650 a week at the start of next year.The changes are due to come into effect in less than four weeks' time, despite the fact Melbourne is currently still under strict lockdown. But from September 25, the supplement will fall to $250 a fortnight, taking the total JobSeeker payment to just over $800 a fortnight.
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