⚠️UPDATE 2: GOVERNMENT STIMULUS PACKAGE⚠️


⚠️UPDATE 2: GOVERNMENT STIMULUS PACKAGE⚠️

The government passed the $130 billion Jobkeeper Package last night, and although 6 million Australians will benefit, many in our industry won’t be eligible to receive the $1,500 per fortnight payment.  However, you still may be eligible to receive the JobSeeker payment of up to $1,100 per fortnight.  Below is a summary of both the JobSeeker and JobKeeper payments.

 

JobKeeper FAQs  Business access to JobKeeper payments will begin on May 1 for 6 months.

 

Individuals:

-       JobSeeker income additional support of $550 per fortnight for those who are unemployed (Total of up to $1,100 per fortnight).  Asset testing will be waived but income testing still applies.

-       Early release of superannuation payments up to $20,000.

-       JobKeeper income support of $1,500 per fortnight for full-time employees, part-time employees, PAYG & long-term casual employees (casual employees who have been employed at least for one year at 1 March 2020, paid through only one primary eligible employer.  The ATO can help determine the primary employer for casuals/PAYG employees.)

 

Businesses:

-       Cashflow support for SMEs for up to $100,000.

-       Increased instant Asset write-off from $30,000 to $150,000.

-       Support for apprentices and trainees  for up to $21,000 each.

-       JobKeeper income support for $1,500 per fortnight for ABN Contractors/Sole Traders if they can show a drop in at least 30% from a comparable month last year.

-       JobKeeper income support for $1,500 per employee per fortnight for businesses that can demonstrate a drop in at least 30% of an annual turnover of less than $1 billion or at least 50% for an annual turnover of more than $1 billion.

 

Those who are not be eligible:

-       Employees/Casuals/Freelancers whose primary employer is not eligible.

-       Casuals/Freelancers who have been employed less than 12 months at 1 March 2020 with their primary employer.

-       Foreign workers who don’t hold a special category visa.

-       Production companies / SPVs / Freelancers that don’t have or cannot demonstrate a drop in at least 30% for businesses with an annual turnover of less than $1 billion or at least 50% for businesses with an annual turnover of more than $1 billion.

 

What can you do instead?

-       If you are ineligible for JobKeeper, you may be eligible for JobSeeker

-       State & Federal agencies are offering new and continued project, individual and business support.  Check the Screen Australia and your local State Agency websites.

-       If you are a documentary filmmaker, $250,000 is available through the Field of Vision Documentary Freelancer Relief fund

-       Ineligible companies may be able to offer support during this time.  Consult with your primary employer.

-       Companies can discuss with their relevant bank for extra support or relief.

 

If you are a director who is not eligible for payments and have been treated unfairly during this time, please contact the ADG admin@adg.org.au