We’ve summarised the key details for employers on JobKeeper 2.0 in this update, but just remember that the proposed changes are not yet law and the details could still change.
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.
The Government has announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities.
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching out fraud and schemes designed to take advantage of the Government’s Coronavirus Economic Response Package.
Despite the current economic environment, the company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.
News headlines recently stated that casual workers have won the right to paid leave following a decision in the Federal Court. As usual, the devil is in the detail.