Unless you have turned your television off and avoided social media entirely, you will be aware that overnight the Bill to amend the Fair Work Act to implement the new $130 billion JobKeeper package has been passed. There is an abundance of information out there regarding the package but in brief:
It was being reported this morning that already 700,000 employers had already registered for the JobKeeper subsidy via the ATO and 6 million Australians will gain access to the package.
There is still some uncertainty has to how this is to be implemented as we await a set of Rules to be issued by the Treasurer (after the legislation receives Royal Assent). This should provide more guidance as to the registration process and how eligibility requirements are to be satisfied.
Ultimately, this enormous and unprecedented package aims to keep employees engaged in the workforce, with access to income, even in circumstances where hours may have been reduced or businesses have temporarily closed their doors.
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