Executive summary
The Australian Government enacted on 9 April 2020, the unprecedented AU$130 billion1 JobKeeper Payments wage subsidy (JKP) to support businesses significantly affected by COVID-19. The Treasurer subsequently signed the legislative instrument Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 (Rules) to regulate the JKP.
Under the JKP, eligible entities can claim a fortnightly payment of $1,500 per eligible employee/participant from 30 March 20…