Your JobKeeper payments are being cut today — but the new payment depends on your circumstances. Here's everything that's changing.
It's been six months since the Federal Government announced the massive JobKeeper coronavirus wage subsidy, along with plans to "snap back" from today.
Effectively, if you were working the equivalent of 20 hours a week or more during the reference periods of either February or in June, then you're entitled to the full-time JobKeeper rate. This will be cut to $1,200 each fortnight.If you worked less than 20 hours a week in both reference periods then you will move to the new part-time rate of $750 each fortnight — half what you would have been getting up to this point.
If the business has an annual turnover of more than $1 billion, they will need to demonstrate a 50 per cent drop, and if you work for a non-profit it has to have experienced a 15 per cent drop.
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