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Government announces changes to JobKeeper and JobSeeker
The Government has announced a number of changes to the JobKeeper and JobSeeker payments. Both payments have been extended to run into 2021, with a number of changes made to eligibility rules and payment arrangements.
The changes to JobKeeper include:
extending the scheme until 28 March 2021
introducing a tiered payment approach depending on employment hours
reducing the amount of the payment in two stages, and
eligible employers to continue to meet the decline in turnover test.
The changes to JobSeeker include:
increasing the income free area for the income test, as well as increasing the taper rate for the partner income test
extending payment of the Coronavirus supplement to 31 December 2020
reducing the amount of Coronavirus supplement payable
reintroducing mutual job obligations, and
reintroducing the assets test and liquid assets waiting period from 25 September 2020.
Relaxed eligibility rules for certain applicants and waiving of the ordinary waiting period have also been extended. ... See MoreSee Less
Australian shares have closed sharply higher amid more promising vaccine trials and the Federal Government's extension of the JobKeeper wage subsidy scheme.
The market was also boosted by stimulus measures being extended in Australia and the European Union.
By the close of trade, the benchmark ASX 200 index was up 2.6 per cent to 6,156 points, its highest level since early March.
The Australian dollar also rose strongly to 70.45 US cents by 6:00pm (AEST).
It came as Prime Minister Scott Morrison unveiled changes to the JobKeeper program on Tuesday morning. ... See MoreSee Less
A couple of market graphs.... Drop me a line if you need background. The basics, most of the market bounce is from 6 big US tech stocks. The valuations are "extreme" (not my words) and the likelihood of continuing is reasonably low (also words from people who do this day in day out) ... See MoreSee Less
3 months ago
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I would be interested in the next one I’m just busy tomorrow night