JobKeeper is a wage subsidy being a fixed payment of $1,500 per fortnight for fortnights starting 30 March 2020 and ending 27 September 2020. The subsidy is to be paid to an eligible business which is then passed on to an eligible employee. The JobKeeper scheme recognises that certain participants in a business, such as a sole trader, a partner in a partnership, a beneficiary of a trust and a director or shareholder in a company are also affected by the economic downturn caused by the Coronavirus. Accordingly, in order to provide a benefit to such business participants, the Jobkeeper scheme has been extended.

What is JobKeeper? JobKeeper is a wage subsidy being a fixed payment of $1,500 per fortnight for fortnights starting 30 March 2020 and ending 27 September 2020. The subsidy to be paid to an eligible business which is then passed on to an eligible employee. The payment must have already been passed on to the employee in full for the business to be eligible for the payment. Once in the scheme an employer cannot elect for some eligible employees to be covered by the scheme and not others.