Australia’s Unemployment Rate Has Dropped to 5.8%
In February 2021, Australia’s unemployment rate dropped from 6.3 percent down to 5.8 percent. This fall illustrates that Australia’s labour market is improving from the covid-19 pandemic a lot quicker than what most people anticipated. Over the past month an extra 88,700 people have found new jobs. This means that for the first time over […]
Hundreds of Businesses Have Been Overpaid Under The JobKeeper Wage Subsidy
The Australian Tax Office (ATO) is reportedly still owed hundreds of millions of dollars from Australian businesses who have tried to rort the JobKeeper wage subsidy. Many of these businesses who have exploited the scheme have received payments despite being deemed ineligible and some businesses have been overpaid. Over the past few months the ATO […]
250,000 More Australians Might Be Unemployed When JobKeeper Ends
Another 250,000 Australians could potentially find themselves unemployed when JobKeeper ends on 28th March 2021. The end of the scheme is anticipated to lead to thousands of businesses failing across the country. This will consequently lead to anywhere between 125,000 and 250,000 people left without a job. There are many businesses that would’ve already […]
Why It Is Important for Businesses to Assess Their Viability Before JobKeeper Ends
The JobKeeper scheme will end on 28th March 2021. Since September 2020, over half a million businesses across the country have graduated from the scheme. Despite the schemes success at helping businesses survive during the pandemic there are a number of businesses struggling in industries such as aviation, tourism and the arts and recreation services. […]
Preparing for The End of JobKeeper
On 28th March 2021, the Australian Government is planning to phase out JobKeeper. The payment was originally introduced in March 2020 at the start of the covid-19 pandemic to encourage affected businesses to keep staff employed during the nationwide lockdown. JobKeeper is a wage subsidy payment made via the tax system. On top of […]
JobMaker: Hiring Young Australians In The Age Of Covid-19
There are almost 360,000 fewer jobs in Australia when compared to the number of jobs that existed 12 months ago. Currently over 900,000 Australians are still looking for work. Over 1.5 million Australians are still on JobSeeker and the majority of these people are under the age of 35. The Australian Government has introduced a […]
An Overview of The JobMaker Hiring Credit Scheme Eligibility Rules
On Tuesday 6th October 2020, the federal government announced a new scheme called the “JobMaker Hiring Credit”. This new incentive was established to encourage businesses to employ young job seekers who have been left unemployed as a result of the ongoing covid-19 pandemic. Timeline of Access to Payments & How Much Money Will Employers […]
Getting Young Australians Back (or) Into The Workforce: The Benefits of The Federal Governments “JobMaker” Scheme
Millions of young Australians have been left unemployed as a result of the ongoing covid-19 pandemic. In an attempt to get more people aged between 16 and 35 back into the workforce the federal government has introduced a new scheme called the “JobMaker Hiring Credit”. As outlined in the recent 2020-21 Federal Budget, the treasury […]