JobKeeper eligibility to be eased

The initial JobKeeper will finish on September 28, with businesses and employees needing to apply for the extension.Now, businesses will only have to show their GST turnover has fallen in the June quarter, compared to the corresponding quarter in 2019, to be eligible after September 28.

Under the previous guidelines, a business needed to record a loss in the June and September quarters."The combined effect of the economic deterioration in Victoria, which will see more firms needing to rely on JobKeeper, and the changes we are making to the program, will see the cost of JobKeeper increase by around $15.6 billion," Mr Frydenberg told the ABC.

"The introduction of stage 4 restrictions by the Victorian Government will have a severe economic impact on the Victorian and Australian economy."