What's still up for grabs
Money Magazine Australia|February 2021
Businesses that act fast can take advantage of valuable financial support
Anthony O’Brien
What's still up for grabs

JobKeeper

There’s good and bad news here. On the plus side, it is still available until March 28, 2021, at the rate of $1000 a fortnight for full-time employees and $650 for employees working less than 20 hours a week. If your business has been receiving JobKeeper, you should continue to be eligible as long as turnover remains down by 30% and you complete monthly declarations.

JobMaker

February 2021 heralds the start of JobMaker payments to businesses that take on new employees subject to certain conditions.

JobMaker is worth $200 a week for each new employee aged below 30, or $100 weekly for new hires aged 30-35, for a maximum period of 12 months from their employment start date. Employers cannot claim both JobKeeper and JobMaker.

Apprentice/trainee wage subsidies

If you take on a new apprentice or trainee and your business could be eligible to receive 50% of their wage. The subsidy is limited to a maximum of $7000 a quarter up to September 30, 2021.

Loss carrybacks

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