Scr77
Established Member
- Joined
- Feb 15, 2014
- Posts
- 1,759
Aren't JobKeeper payments passed on to the employees?
Sort of. If business conditions are good, the jobkeeper money ends up adding to profit (not going to staff). Because Jobkeeper was design to keep employees with employers, there was no obligation to “add“ to staff wage, just support the current wage.
Businesses only had to qualify in 1 month to keep receiving payment for the remainder of the program. So if a business turnover was down 30% in March 2020 (compared to March 2019) the the business received jobkeeper until the end of September 2020. This was hugely beneficial to business profit if they then bounced back from April 2020 onward. Because they received jobkeeper but were actually busier because of COVID. Think of all the home renovations and JBHIFI purchases etc.