30th March, 2020 – ABC News
Scott Morrison to offer coronavirus wage subsidy to Australian businesses and workers
By political reporter Jane Norman
Businesses are expected to be paid a wage subsidy of up to $1,500 per employee, under a Federal Government plan to keep thousands of Australians in work during the coronavirus crisis.
- It is understood the payments will be backdated
- Josh Frydenberg said the Government was determined to keep as many Australians in jobs as possible
- The new scheme will form part of the Government’s third economic assistance package
Under the plan, to be unveiled later today, big and small businesses would be given the fortnightly subsidy to help pay their workers’ wages, while their revenue takes a hit.
It’s understood the payments will be backdated, potentially helping the thousands of employees who have been stood down in the aviation, travel and retail sectors since the border closures and partial economic shutdown took effect.
Federal Treasurer Josh Frydenberg said the Government was determined to keep as many Australians in jobs during the health emergency as possible.
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