The End Of JobKeeper Has Cost 56,000 Jobs To Date
Newly released data from Single Touch Payroll has revealed that 56,000 workers who were previously on JobKeeper have lost their jobs. This is an increase in 16,000 which is up from the figures of 40,000 jobs from the data published two weeks ago. “The data suggested that up to 40,000 former JobKeeper workers lost employment […]
Australia’s Unemployment Has Fallen To 5.5 Percent Despite JobKeeper Ending
Recent figures released by the Australian Bureau of Statistics (ABS) have revealed that Australia’s unemployment has fallen to 5.5 percent. This has surprised many people, due to the fact that when the federal government’s JobKeeper wage subsidy ended on the 28th March it was anticipated to create a cliff that would plunge thousands of workers […]
The Show Starter Loan Scheme Aims to Boost Australia’s Creative Economy
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Announced in December 2020, The Show Starter Loan Scheme is a $90 million loan project established by the Australian Government. The scheme aims to give creative economy businesses access to finances which will make it possible for them to create new productions and events which will result in job creation and economic activity. The scheme […]
Government Support For The Arts During Covid-19
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Last year, as part of the 2020-21 federal budget, the Australian government announced around $800 million of additional funding to support the nations creative and cultural sectors. Screen Australia has been given access to $33 million to support the continued development and production of Australian content. This funding consists of $30 million to support Australian film and […]
Youth Unemployment in Australia During the Covid-19 Pandemic
Over 870,000 Australians lost their jobs during the first few months of the covid-19 pandemic. Around 38% or 332,200 of these Australian workers were young Australian aged between 15 and 24. By June 2020, as Australia’s overall unemployment rate hit 7.4%, the youth unemployment rate jumped to 16.4%, with a further 19.7% underemployed. An underemployed […]
The ATO Has Decided Not to Clawback $64 Million Worth of Incorrect JobKeeper Payments
On Wednesday 24th March the ATO announced that over $64 million was paid to Australian businesses out of error under the JobKeeper wage subsidies scheme. The ATO has made it clear that it won’t be pursuing this huge amount of money as employers have claimed the money “in good faith”. The ATO has revealed that […]
The Australian Government Expands Support Package to Assist the Arts and Entertainment Sectors
On Wednesday 24th March, the Australian Government announced additional targeted support package worth $135 million aimed to predominately assist people working in the arts and entertainment sectors. This scheme is called “The Restart Investment to Sustain and Expand Fund” or is commonly referred to as “RISE”. The additional funding comes at a crucial period of […]
Some Australian Businesses Have Been Forced to Repay JobKeeper Payments
In 2020, the federal government paid over $1 billion to some of Australia’s most profitable companies. Over 60 publicly listed businesses have revealed that they were given handouts such as JobKeeper despite recording a combined profit of $8.6Bn in the past 18 months. These companies distributed an excess of $3.6 billion in dividends to their […]
Federal Government Extends Apprenticeship Wage Subsidy Scheme Until 30th September 2021
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Prime Minister Scott Morrison has announced that the federal government will be extending its wage subsidy scheme for apprentices and trainees until the end of September 2021. It is anticipated that the extension will result in another 70,000 new jobs being created. The scheme has already created over 100,000 apprenticeships since it was introduced on […]
Boosting the Creative Economy and Employing Australians In Entertainment Sectors
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In a bid to boost the creative economy, the federal government announced the $250 million support package called “The Covid-19 Creative Economy JobMaker Package” on 25th June 2020. This support package includes a $90 million Show Starter Loans Scheme. These much-needed support packages are being delivered as part of the Coronavirus SME Guarantee Scheme. The […]