How does JobKeeper phase two actually work and what does that mean for my wage?
This reduction in hours will be implemented through an element of the JobKeeper scheme known as a JobKeeper enabling stand down direction.
JobKeeper is a payment made to eligible businesses and not-for-profits affected by COVID-19 to support them in retaining employees.
JobKeeper extension 1 (the same as calling it Phase 2) starts from September 28, 2020 and finishes on January 3, 202. Eligible businesses will receive a payment of:
- $1200 per fortnight (before tax) for tier 1
- $750 per fortnight (before tax) for tier 2
Tier 1 and Tier 2 will depend on the number of hours an eligible employee works. Eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or 1 July 2020 (Tier 1), and those who worked less (Tier 2).
Tier 1 is now based at $1200 per fortnight (before tax) which is $300 less than JobKeeper Phase 1. JobKeeper Phase 1 paid $1500 before tax. SSI supplements the shortfall for all staff expect those on JobKeeper enabled stand down.