The Government has announced that JobKeeper and JobSeeker extended for six months to March 2021, however at a lower rate. Please find full details in the Government's media release below.
The decision aligns with the HBIA's Government advocacy in recent months, providing tapered support targeted to businesses that continue to be significantly impacted by COVID-19 and a reduced rate for part-time workers and casuals.
The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged.
The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week. Please find details of JobKeeper below and JobSeeker extension details at this link.
A fact sheet on the full details of the Extension can be found here.