Government relaxes JobKeeper criteria to allow startups to access wage subsidy

The Federal Government is set to relax criteria for businesses to access the JobKeeper wage subsidy to ensure startups don’t miss out.

Getty Images

Source: Getty Images

Criteria for the $130 billion package announced on Monday required small to medium sized business to show a 30 per cent loss in revenue compared to the previous year in order to get the $750-a-week wage subsidy for employees. 

That requirement sparked concerns that startups that have shown rapid growth wouldn’t be eligible even though they were also impacted by the coronavirus pandemic. 

Read the full article in English  


Share
Published 2 April 2020 5:32pm
Updated 2 April 2020 5:39pm
By Nick Houghton
Presented by Yang J. Joo
Source: SBS


Share this with family and friends


Follow SBS Korean

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Korean-speaking Australians.
Ease into the English language and Australian culture. We make learning English convenient, fun and practical.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Korean News

Korean News

Watch it onDemand