New Zealanders and casual workers are eligible for $1500 fortnightly payment, which will be delivered through the Australian Tax Office.
The Jobkeeper payment will be administered through the single touch payroll system, requiring businesses to keep the employee on the books in order to distribute the payment. Businesses and not-for-profits will be eligible after a downturn in revenue of 30%.
Mr Morrison confirmed the payment would be delivered in May but backdated to 1 March. Treasurer Josh Frydenberg said the Jobkeeper payment was different from the wage subsidy scheme in the United Kingdom as their scheme is for three months, but this one is for six months.
Mr Frydenberg said employees will be receiving a minimum of $1500, with employers allowed to top up wages beyond that.
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