Home topics news News News How is JobKeeper 2.0 different? Verina Gading July 24, 2020 Last Tuesday (21/07/2020), the Australia Treasury announced that they are going to extend the JobKeeper payment up to 28 March 2021, six months longer than the initial deadline. According to Prime Minister Scott Morrison, the newest reports on JobKeeper and JobSeeker have shown how both schemes helped businesses to stay afloat during this time. “The review has found that [JobKeeper and JobSeeker] has been well targeted, that it has been effective in stemming the loss of business closures and job losses, that it has saved businesses and it has saved livelihoods,” said PM Morrison. “The report recommends that we should continue JobKeeper and we shall, but it needs to be done in a way that is responsive to the circumstances.” However, PM Morisson also mentioned that there would be some changes to make sure that the payment is given to businesses impacted by the COVD-19 the most. “So there’ll be the next quarter after September, and then there’ll be the March quarter,” he said. “In both cases, businesses will have the test reapplied in relation to their turnover and it will be looking at their performance over this first six month period of the program, and that will provide where it’s needed, the gateway into the next phase of the program.” How is JobKeeper 2.0 different? The first thing that businesses owners and employees need to know is that there will be a reassessment to