Thousands of small businesses are set to receive the JobKeeper payment from early May.
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has welcomed legislation passed by the federal government that has made these payments possible.
The flat payment of $1,500 per fortnight per eligible employee will be delivered by the Australian Taxation Office (ATO), assisting small businesses pay their staff that continue to work as well as staff that have been stood down since March 1.
Small businesses, including sole traders, which have an annual turnover of less than $1 billion and estimate their turnover has fallen or will fall by 30 per cent or more are eligible for the subsidy.
“The government’s $130 billion JobKeeper scheme is the biggest financial lifeline Australia has ever seen and I congratulate parliament for passing the legislation with bipartisan support,” Ms Carnell said.
“The JobKeeper payment is critical to the survival of small businesses that have been impacted by the COVID-19 crisis.”
She says there has been a lot of confusion out there about eligibility for JobKeeper, but the intent of this policy is to be inclusive of small and micro-businesses under financial strain in this difficult time. That includes, sole traders, partnerships, contractors, freelancers and trusts.
“My message to small businesses is – if you think you might be eligible, visit the ATO website and express your interest. You just need your ABN and contact details. The ATO will get back to you.
“Importantly, small businesses that have signed up for JobKeeper will need to make the payments now before they are reimbursed by the ATO in May.”
