The JobKeeper payment is intended to provide wage subsidies to businesses that are significantly affected by COVID-19.
The Morrison Government will provide a historic wage subsidy to around 6 million workers who will receive a flat payment of $1,500 per fortnight through their employer, before tax.
The $130 billion JobKeeper payment will help keep Australians in jobs as tackle the significant economic impact from the coronavirus.The payment will be open to eligible businesses that receive a significant financial hit caused by the coronavirus.
The payment will provide the equivalent of around 70 per cent of the national median wage. For workers in the accommodation, hospitality and retail sectors it will equate to a full median replacement wage.
The Australian taxation department has made provision for businesses to login their interest in the program as a first step. More information can be sought by logging in to ATO website.