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More Support for More Sturt Businesses and Workers

More Support for More Sturt Businesses and Workers

Published: 07 August, 2020

MEDIA RELEASE:

James Stevens MP
Member for Sturt

MORE SUPPORT FOR MORE STURT BUSINESSES AND WORKERS

Following the introduction of stage four restrictions in metropolitan Melbourne and stage three restrictions across regional Victoria, the Morrison Government will help more Sturt businesses qualify for JobKeeper.

Key adjustments include:

  • A change to the employee reference date - the relevant date of employment for an eligible employee will move from 1 March to 1 July 2020, expanding employee eligibility.
  • A change to the turnover reference period - to be eligible for JobKeeper post 28 September 2020, organisations will only have to demonstrate that their actual turnovers have significantly declined in the previous quarter.

As a result, Sturt organisations that are able to demonstrate a significant decline in turnover in the September 2020 quarter will be able to access the JobKeeper extension in the December quarter. An organisation able to demonstrate the requisite decline in turnover in the December 2020 quarter would be able to access the JobKeeper extension in the March 2021 quarter.

The combined effect of the economic deterioration in Victoria which will see more firms needing to rely on JobKeeper and the eligibility changes being made to the program will see the cost of JobKeeper increase by around $15.6 billion in 2020-21.

It is now expected that around 4 million Australians will be benefiting from JobKeeper Payments at the end of the September quarter, falling to around 2.24 million in the December quarter and 1.75 million in the March 2021 quarter. 

This additional cost to the program will see the total cost of JobKeeper increase to $101.3 billion.

Prime Minister Scott Morrison said the Government was doing whatever it took to save lives and save livelihoods.

“Australia is facing a situation that is constantly changing. Our response is to get the right support to all those Australian families, workers and businesses that need us, as these circumstances change,” the Prime Minister said.

“This means more support for more workers and more businesses for longer, as we battle this latest Victorian wave.”

Treasurer Josh Frydenberg said the introduction of stage four restrictions by the Victorian Government will have a severe economic impact on the Victorian and Australian economy.

“Already more than 270,000 businesses covering around 975,000 employees in Victoria are being supported by the Morrison Government’s JobKeeper Payment.”

James Stevens MP, Member for Sturt said “to help keep more businesses in business and Australians in jobs through this incredibly challenging period, the Government will ease the eligibility criteria to make it easier for organisations to qualify for JobKeeper.”

“Every arm of government is working to keep Sturt residents in jobs and businesses in business”, Mr Stevens said.

The Morrison Government will continue to do what it takes to cushion the blow and help Australians get to the other side of the coronavirus crisis.

 

Ends.

 

Media contact:

Office of James Stevens: Aric Pierce 08 8431 2277