Jobkeeper/seeker extended by six months but reduced

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    Payments will be cut but unemployed Australians and workers on the Federal Government's coronavirus wage subsidy program will continue to receive support beyond the planned JobSeeker and JobKeeper end date.

    The JobKeeper wage subsidy will continue until March next year, but payments will fall from $1,500 to $1,200 a fortnight after September. People working fewer than 20 hours a week will receive $750.

    The payments will fall again to $1,000 a fortnight, and $650 a fortnight for people working fewer than 20 hours, for the first three months of 2021.

    The JobSeeker coronavirus supplement will continue for another three months but fall from $550 to $250 a fortnight, meaning people on the program will receive $800 a fortnight after September.

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    More than 5 million Australians receive payments from the JobKeeper and JobSeeker programs.

    The JobKeeper wage subsidy is paid to 960,000 employers, who then pass the full payment onto 3.5 million workers.

    Since the Government established JobKeeper at the height of the coronavirus crisis, businesses have been paid a flat rate of $1,500 each fortnight for every staff member they kept on their books.

    Businesses will have to prove they're still in financial distress each quarter, as the payment is extended to March next year.

    More to come.

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