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The Australian Government has extended the JobKeeper payment until 28 March 2021. This payment was originally due to finish by the end of September 2020. However, there will be changes to the payment rates and what full-time and part-time workers are eligible for from 28 September 2020.
The JobKeeper payment will be split into two tiers – one for full-time workers and one for part-time workers.
For full-time workers, the JobKeeper payment will gradually reduce from the current rate of $1,500 per fortnight. From 28 September 2020 to 3 January 2021, the rate will go down to $1,200 per fortnight. From 4 January 2021 to 28 March 2021, the rate will go down to $1,000 per fortnight.
For part-time workers, the JobKeeper payment will reduce significantly from the current rate of $1,500 per fortnight. If you were working less than 20 hours per week in February this year, before the pandemic began, your payment will drop to $750 per fortnight between 28 September 2020 to 3 January 2021. From 4 January 2021 to 28 March 2021, this payment will be reduced again to $650 per fortnight.
These changes come as the Australian Government says it’s now better equipped to deal with a ‘two-tier system’.
If you already receive JobKeeper, you won’t need to do anything. These changes will happen automatically. As your JobKeeper payment is reduced, you may be able to get some income support from the government. They will work this out based on your circumstances.