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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