Australian PM Announces “Job Keeper Package” worth $130 billion

In a considerable development, the Australian PM, Mr Scott Morrison has declared a $130 billion package to help businesses preserve jobs amidst coronavirus crisis. Mr Morrison’s “Job Keeper package” involves an allowance of $1,500 per employee per fortnight for the next six months.

Mr Morrison notified:

  • About 6 million Australians are likely to benefit with this package over the next 6 months.
  • Employers will receive this flat payment from the government to give salaries to their employees.
  • Businesses that had a fall of ~30 per cent in their turnover because of coronavirus qualify for the scheme.

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