5th January 2021 | Business
From 4 January, eligible businesses receive $500 per week for each staff member working at least 20 hours per week, down from $600. Other employees attract a payment of $325 per week, down from $375. The extension period will run until 28 March 2021. During this period, the Tier 1 rate will decrease from $1,200 to $1,000 per fortnight, while the Tier 2 rate will reduce from $750 to $650 per fortnight. The Tier 1 rate applies to eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or 1 July 2020, and eligible business participants who were actively engaged in the business for 80 hours or more in February and provide a declaration to that effect. The Tier 2 rate applies to any other eligible employees and eligible business participants.
Have a chat to us at Ax3 if you need assistance for Jobkeeper Phase 2