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Coronavirus information and support for Australian business owners
20.04.2020
Latest updates from the Australian government
The JobKeeper measure is now law. Go to our JobKeeper Payment for employers and employees or JobKeeper Payment for sole traders.
To stay up-to-date on the latest announcements for Australian business owners affected by the coronavirus, make sure you’re checking our Coronavirus information and support for business page.
State and territory information, grants and assistance
Along with the assistance the Australian Government has announced, you may be eligible for assistance from your State or Territory Government. Learn about the grants or online events delivered by your state or territory and where you can go to find more coronavirus assistance.
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Running your business from home If you need to work from home, there are tools and resources available to help you. Learn about the tax deductions you can claim, how to set up an online business and ensure you’re still meeting your legal obligations. |
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Coronavirus Mental Wellbeing Support Service Beyond Blue has a free 24/7 service to help you deal with the impact of the COVID-19 pandemic. Find online information, self-help tools, phone counselling and tips to run your small business. |
JobKeeper Payment – Frequently Asked Questions
What is the JobKeeper Payment?
The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive a payment of $1,500 per fortnight per eligible employee to support the people they employed as at 1 March 2020 who are retained in employment. Businesses must have paid their employees before they are entitled to receive the JobKeeper payment. Where an employee’s total remuneration is less than $1,500 per fortnight (before tax), or has been stood down, the employer must provide the employee at least $1,500 per fortnight (before tax). Where an employee earns more than $1,500 per fortnight, employers can use the payment to subsidise the employee’s wages. Self-employed individuals will also be eligible to receive the JobKeeper payment.
The first payments by the Australian Taxation Office (ATO) will be received by employers from the first week of May. The payments will be made by the ATO monthly in arrears.
Is my business eligible?
Employers (including not-for-profits) will be eligible for the subsidy if:
- their business has an aggregated turnover of less than $1 billion (for income tax purposes1) and estimate their GST turnover has fallen or will likely fall by 30 per cent or more
- their business has an aggregated turnover of $1 billion or more (for income tax purposes) and estimate their GST turnover has fallen or will likely fall by 50 per cent or more
- their business is not subject to the Major Bank Levy
JobKeeper Payments are paid in respect of each eligible employee who was employed at 1 March 2020 and is currently employed by the business (including those who are stood down or re-hired).
What do I need to do If I want to participate?
The JobKeeper Payment will be administered by the Australian Taxation Office (ATO). Follow the steps on the ATO website to Enrol and apply for the JobKeeper payment.