Council of Small Businesses Australia CEO Peter Strong says the Morrison government's announcements to the changes of JobKeeper and JobSeeker are to a degree, "about treading water". Mr Short told Sky News host Peta Credlin the announcements are good as there is now "certainty for six-months". "It keeps people afloat, it helps people through," he said. "It's more balanced the right amount of money, to a degree".
JobSeeker payments will be slashed to $815 a fortnight from September as the Coalition moves to keep COVID-19 support payments until at least the end of the year. Prime Minister Scott Morrison also announced JobKeeper support would be reduced to $1200 per fortnight towards the end of September with a lower payment of $750 for those working less than 20 hours per week. Those figures will be reduced to $1000 and $650 in the March quarter.
Source: Healthcare Press (healthcarepress.net)
Dear Council of Small Business. I am a sole trader, not employing any people other than myself, not paying PAYG taxes, but pay income tax and GST. Unemployed, pensioners and big business get help. Why do I and my business have to go bankrupt? Absolutely no assistance for me. Why?
'treading water'? ... lets see who sinks first.
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JobSeeker and JobKeeper are changing. Here's how you could be affectedPrime Minister Scott Morrison said there would be major changes to each of these and that both will be scaled down. Here's how you may be affected nbaker_au nbaker_au Thank you ScottMorrisonMP. This is fair and reasonable and should help us to get back up on our feet again. nbaker_au Isn't it great being able to affect so many people with your decisions, yet those same decisions not affecting you. Idk isn't he a representative of the people? Shouldn't he face some of the same impact? nbaker_au People on JOBSEEKER have to look for work . That's going to a totally pointless exercise , will just traumatise them more ( because all they'll get will be knockbacks and rejections ) , of cause they'll also have to become SLAVES too ( no choice in doing WORK FOR THE DOLE ).
Source: SBSNews - 🏆 3. / 89 Read more »
Govt to extend JobKeeper and JobSeeker schemes | Sky News AustraliaThe federal government will today outline details of its expanded JobKeeper and JobSeeker support schemes, which will be extended beyond their original September end date.\n\nPrime Minister Scott Morrison and Treasurer Josh Frydenberg will announce an extension to both payments but at a reduced level. \n\nUnder the plan, the schemes would be extended to March with a two-tier payment system introduced to reflect the incomes of casual and part-time staff. \n\nChanges would be made to the eligibility of individuals for the payments to ensure only those genuinely experiencing financial hardship due to COVID-19 received the payments.\n\nExtracts from Treasury’s review into the $1500 fortnightly wage subsidy revealed a strong case for extending JobKeeper beyond September 27.\n\nFinance Minister Mathias Cormann said the review found there were a number of features of JobKeeper that created “adverse incentives”, which may become more pronounced over time as the economy recovered.\n\nThese included distortion of wage relativities between lower and higher paid jobs, dampened incentives to work and also that the payments kept businesses afloat that would not otherwise be viable.\n\nMore than 960,000 organisations are signed up to the JobKeeper scheme, with the payments supporting about 3.5 million workers.\n\nImage: Getty 2020 July Unemployment 7.4% Hmm: Farmers concerned a lack of workers will see crops go to waste 21 July
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Extension of JobSeeker, JobKeeper 'appropriate to wean business off support': Cormann | Sky News AustraliaFinance Minister Mathias Cormann has confirmed the JobKeeper scheme will be extended for a six-month period from the end of September with JobSeeker extended until the end of the year, both at a lower rate. \n\nSpeaking to Sky News, Mr Cormann said the government believed it “appropriate” to extend JobKeeper by six months as it was “part of weaning business off this transitional support payment”. \n\nHe said the turnover test would be reapplied twice – once in October and again in January – to ensure support payments matched businesses’ genuine financial need coming out of the coronavirus crisis. \n\nA two-tier payment system would also be implemented under the extension based on “hours worked” in order to accurately prescribe the level of support needed for casual and part-time workers. \n\nMr Cormann hailed the support scheme as widely successful. \n\n “We do believe the JobKeeper and the enhanced JobSeeker arrangements worked as intended, that they were successful in putting a floor under the economy and provide a necessary, much needed support to business, to working Australians and those Australians who lost their job,” he said. \n\nImage: Getty MathiasCormann ScottMorrisonMP manna from heaven! Who would like to look for work when the government is giving allowance for the next 6 months? MathiasCormann Was the primary motivation for you to be able to apply? LNPFail LNPRorts Murdochvirus BoycottMurdoch Newscorpse MathiasCormann Neighbour, now waiting 5 months for the aged pension, over 65 you may as well be dead in this country.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
JobKeeper, JobSeeker extension 'assumes economic growth in next quarter' | Sky News AustraliaPolitical consultant Jim Middleton has warned that the cost of extending the JobSeeker and JobKeeper payments could exceed the government’s projections in the case of further economic downturn. \n\nThe Morrison government on Tuesday unveiled a plan to extend the JobKeeper program to March next year as well as the JobSeeker payments until the end of 2020 at lower rates from the end of September.\n\n“Now, the opportunity is there for better targeting and possibly for reduction,” Mr Middleton told Sky News.\n \n“My word of caution though is this it assumes on the part of Treasury that the economy, the improvement in growth we saw recently, will continue through the final quarter of the year.\n\n“If it does not then, of course, the number of people who will be on JobSeeker, if not JobKeeper, will increase and go above and beyond the government’s estimates on what it’s going to cost which is around an additional $20 billion.”\n\nHe said many businesses across the country had become reliant on rent and loan repayment deferrals over the last three or four months under government support schemes. \n\n“If they’re not able to return to regular levels of business then I suspect that the amount of money that is being outlaid on JobKeeper and JobSeeker will be significantly higher than is currently being estimated,” Mr Middleton said. \n\nImage: Getty jimmiddleton jimmiddleton jimmiddleton How does stopping the schemes save this country from economic downturn? Less support will throw thousands into poverty and smash disposal income that is essential to generate jobs. Debt is the global collateral damage of a pandemic. Less $ in the system now = social disaster...
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Too many Australians 'left behind by JobKeeper' | Sky News AustraliaThe government's changes to the JobSeeker and JobKeeper schemes have failed to fix the obvious errors which have seen some Australians overpaid and others losing out entirely, according to Shadow Treasurer Jim Chalmers.\n\nJobSeeker payments will be slashed to $815 a fortnight from September as the Coalition moves to keep COVID-19 support payments until at least the end of the year.\n\nPrime Minister Scott Morrison also announced JobKeeper support would be reduced to $1200 per fortnight towards the end of September with a lower payment of $750 for those working less than 20 hours per week.\n\nThose figures will be reduced to $1000 and $650 in the March quarter.\n\nThe $550 JobSeeker supplement will be reduced to $250 in September but those on it will be able to earn $300 without affecting the payments.\n\n'It is very troubling ... to see unemployment rising in the September quarter, in the December quarter, and it will keep rising,' Mr Chalmers said.\n\n'We want to see the government do a much better job rolling out this new phase of government support than they did when they were rolling out the first phase.\n\n'We shouldn't forget the government has now 'fessed up to borrowing $6 billion to overpay some Australians while some Australians were unnecessarily excluded from the (JobKeeper) scheme.'\n\nImage: News Corp Australia JEChalmers Many of my colleague working 10 hours per weeks But they are eligible for $1500 per fortnight lmao JEChalmers Forever in the shadows... JEChalmers And further and further the opposition goes into irrelevancy. You've got nothing Chalmers. The only thing you can stutter out is the money borrowed and the debt. Which your party was aware of and help facilitate. Hypocrisy of the highest order.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
JobKeeper extension will 'buy Australians time': Treasurer | Sky News AustraliaJosh Frydenberg says the government's decision to extend JobKeeper and JobSeeker payments will 'buy time' to get businesses and employees 'to the other side'.\n\nUnder the plan, the two subsidies will be extended from the initial September end date through to March 28 with a gradual reduction in payments.\n\nThe Treasurer said the government made a conscious decision to introduce the initial flat payment of $1,500 a fortnight as it enabled people 'who needed it most' to access the subsidy quickly.\n\n'COVID-19 has hit the Australian economy harder than any other event in the last 100 years,' he said.\n\n'One of the consequences of the flat payment equivalent to minimum wage was that some recipients were receiving more under JobKeeper than they were pre-COVID.\n\n'The two-tiered payment better reflects the pre-COVID income of these recipients.'\n\nFrom September 28 until January 3 next year, the two payments would be $1,200 for full-time employees and $750 for employees who work less than 20 hours a week. \n\nFrom January 4 to March 27, the payments will be reduced to $1000 and $650.\n\n'Employers will need to demonstrate that they have met the relevant decline in turnover in both the June and September quarters to be eligible for the JobKeeper payment in the December quarter,' Mr Frydenberg said.\n\n'And employers will need to demonstrate that they have met the relevant decline in each of the previous three-quarters ending on December 31 2020 to remain eligible for the payment in the 2021 March quarter.\n\nThe extension comes at an estimated cost of $16 billion with the total JobKeeper scheme costing around $86 billion since the pandemic began.\n\nImage: News Corp Australia\n\n JoshFrydenberg Buy time for the hard landing. JoshFrydenberg Sky news sucks JoshFrydenberg We keep hearing about “other side”... for now we continue to pace the banks on one side only... other side looks illusive....
Source: SkyNewsAust - 🏆 7. / 78 Read more »