Government relaxes JobKeeper criteria to allow startups to access wage subsidy

The Federal Government is set to relax criteria for businesses to access the JobKeeper wage subsidy to ensure startups don’t miss out.

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Source: Getty Images

Criteria for the $130 billion package announced on Monday required small to medium sized business to show a 30 per cent loss in revenue compared to the previous year in order to get the $750-a-week wage subsidy for employees. 

That requirement sparked concerns that startups that have shown rapid growth wouldn’t be eligible even though they were also impacted by the coronavirus pandemic. 

Read the full article in English here. 


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By Nick Houghton

Presented by Yang J. Joo

Source: SBS



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